Subsequent Events

12 Months Ended

Dec. 31, 2024

Note 12. Subsequent Events

Management has evaluated subsequent events through the date of issuance of these financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the financial statements other than those disclosed below.

On January 2, 2025, the Company, in connection with its private placement of the Company's common shares, issued 151,338 common shares for an aggregate amount of $3.5 million.

On February 7, 2025, we repurchased common shares in connection with our tender offer as follows:

        Tender Offer
Date

        Tender Offer Expiration

        Total Number of Shares the Company Offered to Repurchase

        Price Paid per Share

        Total Number of Shares Repurchased

        Maximum Number of Shares that may yet be purchased under the repurchase plan (1)

January 1, 2025

February 7, 2025

561,088

23.39

575,562

—

(1)

All repurchase requests were satisfied in full.

On March 5, 2025, the Board declared a quarterly dividend of $0.55 per share for the Company's shareholders of record as of March 5, 2025, payable on March 20, 2025.