Main Street Capital Corp. (MAIN) said it priced a public offering of 2.8 million shares of its common stock in an underwritten public offering. Pricing was set at $15.00 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated expenses payable by Main Street, are expected to be approximately $39.8 million. Main Street has also granted the underwriters an option, exercisable for 30 days, to purchase up to 420,000 additional shares of common stock to cover over-allotments, if any.
Main Street plans to use all of the net proceeds from this offering to make investments in accordance with its investment objective and strategies, pay operating expenses and other cash obligations and for general corporate purposes. Pending such uses, Main Street currently intends to invest the net proceeds of this offering in marketable securities and idle funds investments, which may include investments in secured intermediate term bank debt, rated debt securities and other income producing investments.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.