Class A Shares

Public

Sponsors

Total Class A Shares

Class B Shares
Sponsors

Total Class A and Class B Shares

Balance, December 31, 2021

32,774,068

898,000

33,672,068

219,641,928

253,313,996

Equity-based compensation

95,778

-

95,778

-

95,778

Equity offering transaction - 
   April 2022

10,235,000

-

10,235,000

(10,235,000

)

-

Repurchase Transaction

-

-

-

(13,559,322

)

(13,559,322

)

Balance, December 31, 2022

43,104,846

898,000

44,002,846

195,847,606

239,850,452

Equity-based compensation

99,801

-

99,801

-

99,801

Repurchase Transaction - 
   March 2023

-

-

-

(3,619,254

)

(3,619,254

)

Equity offering transaction - 
   May 2023

12,765,000

-

12,765,000

(12,765,000

)

-

Repurchase Transaction - 
   June 2023

-

-

-

(3,350,084

)

(3,350,084

)

Equity offering transaction - 
   August 2023

11,500,000

-

11,500,000

(11,500,000

)

-

Repurchase Transaction - 
   September 2023

-

-

-

(3,301,420

)

(3,301,420

)

Repurchase Transaction - 
   November 2023

-

-

-

(3,370,407

)

(3,370,407

)

Balance, December 31, 2023

67,469,647

898,000

68,367,647

157,941,441

226,309,088

Equity-based compensation

69,253

-

69,253

-

69,253

Equity offering transaction - 
   February 2024

11,500,000

-

11,500,000

(11,500,000

)

-

Repurchase Transaction - 
   March 2024

-

-

-

(2,816,901

)

(2,816,901

)

Equity offering transaction - 
   May 2024

11,500,000

-

11,500,000

(11,500,000

)

-

Repurchase Transaction - 
   June 2024

-

-

-

(2,724,052

)

(2,724,052

)

Equity offering transaction - 
   September 2024

12,650,000

-

12,650,000

(12,650,000

)

-

Repurchase Transaction - 
   September 2024

-

-

-

(2,823,262

)

(2,823,262

)

Balance, December 31, 2024

103,188,900

898,000

104,086,900

113,927,226

218,014,126