Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 159

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 159
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670)  (6,850)  (54,520)
 Marketing and solicitation   (23,932)  (68)  (24,000)
 Depreciation   (1,271)  (36)  (1,307)
 Other   (14,610)  (2,460)  (17,070)
 Total operating expenses   (110,264)  (11,918)  (122,182)
 Income before income taxes  $57,994  $3,430  $61,424 
 Total assets  $2,733,909  $103,352  $2,837,261 

    4.  Shareholders’ Equity and Preferred Stock 

   During the three and six months ended  June 30, 2025 and 2024, we repurchased and contemporaneously retired 41,381 shares, 68,633 shares, 49,203 shares and 67,236 shares of our common stock at an aggregate cost of $1.9 million, $3.2 million, $1.3 million and $1.8 million, respectively, pursuant to both open market and private purchases and the return of stock by holders of equity incentive awards to pay tax withholding obligations.
    Preferred Stock
    
   Our preferred stock consists of 7.625% Series B Cumulative Perpetual Preferred Stock (the "Series B preferred stock"), liquidation preference of $25.00 per share. We pay cumulative cash dividends on the Series B Preferred Stock, when and as declared by our Board of Directors, in the amount of $1.90625 per share each year, which is equivalent to 7.625% of the $25.00 liquidation preference per share.
    
   No shares of Series B Preferred Stock were repurchased in the three and six months ended  June 30, 2025 and 2024.
    
   ATM Programs
    
   On  August 10, 2022, we entered into an At Market Issuance Sales Agreement (the "Preferred Stock Sales Agreement") providing for the sale by the Company of up to an aggregate offering price of $100.0 million of our (i) Series B preferred stock and (ii) 6.125% Senior Notes due 2026 (the "2026 Senior Notes") from