Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 21

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 21
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55)  (1,963)
 Other   (20,789)  (3,483)  (24,272)
 Total operating expenses   (167,599)  (17,657)  (185,256)
 Income before income taxes  $95,763  $2,947  $98,710 
 Total assets  $2,945,030  $94,934  $3,039,964 

    5.  Shareholders’ Equity and Preferred Stock 

   During the three and nine months ended  September 30, 2025 and 2024, we repurchased and contemporaneously retired 427 shares, 69,060 shares, 11,193 shares and 78,429 shares of our common stock at an aggregate cost of $0.0 million, $3.2 million, $0.3 million and $2.1 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 nine months ended  September 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 time to time through a sales agent, in connection with the Company's Series B preferred stock and 2026 Senior Notes "at-the-market" offering program (the "Preferred Stock ATM Program"). On  August 26, 2024, we amended and