FIDUS INVESTMENT Corp (FDUS) Form 424B3 — Aug 6, 2026
Fidus Investment Corporation filed Supplement No. 1 to its at-the-market offering prospectus, disclosing that it sold 13,300,342 shares for gross proceeds of approximately $265.2 million (net $261.8 million) under its $400 million ATM program from November 10, 2022 through June 30, 2026. Approximately $134.8 million of capacity remained available as of August 4, 2026, with sales agent commissions of up to 1.50% payable to Raymond James and B. Riley Securities.
Key figures
- Gross Proceeds
- approximately $265.2 million (ATM sales from Nov 10, 2022 through Jun 30, 2026)
- Shares Offered
- 13,300,342 shares sold under the ATM Program to date; program capped at $400,000,000 of common stock
- Other Expenses
- 1.38% of net assets
- Atm Program Size
- $400,000,000
- Incentive Fee Ratio
- 2.83% of net assets
- Incentive Fee Terms
- 20% of pre-incentive fee net investment income above a 2.0% quarterly (8.0% annualized) hurdle with catch-up; 20% of realized capital gains annually
- Nav Per Share Q1 2026
- 19.55
- Nav Per Share Q2 2026
- 19.46
- Atm Net Proceeds To Date
- approximately $261.8 million
- Atm Remaining Capacity
- approximately $134.8 million as of Aug 4, 2026
- Sales Agent Commission
- up to 1.50% of offering price
- Stockholders Of Record
- approximately 16
- Last Reported Sale Price
- $20.47 on Aug 4, 2026
- Base Management Fee Ratio
- 3.28% of net assets (fee itself is 1.75% of average total assets)
- Spv Credit Facility Drawn
- $112.7 million drawn under $225.0 million total commitment (ING Capital)
- June2029 Notes Outstanding
- $120.0 million at 6.625%
- Offering Expenses Estimate
- approximately $1.4 million estimated, $1.0 million incurred as of Aug 4, 2026
- Sba Debentures Outstanding
- $296.0 million as of June 30, 2026
- Management Fee Waiver6 M2026
- $0.1 million
- March2030 Notes Outstanding
- $200.0 million at 6.75%
- Secured Borrowings Outstanding
- $11.1 million
- Total Annual Expenses Net Of Waiver
- 13.32% of net assets
- Interest Payments On Borrowed Funds
- 5.84% of net assets
- Total Annual Expenses Before Waiver
- 13.33% of net assets
- Weighted Average Stated Interest Rate
- 5.776% as of June 30, 2026
- Capital Gains Incentive Fee Accrual Reversal
- $(0.7) million for 6M 2026
AI analysis
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