Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 214

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 214
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holders Equity

As of December 31, 2024, the Company had 6,973,959 shares of our common stock remaining available for sale from time to time in at-the-market equity offering program (the “ATM Program”). Shares sold under the ATM Program are registered with the SEC under our shelf registration statement. During the year ended December 31, 2024, the Company issued and sold 188,456 shares of common stock through the ATM Program for proceeds of $2.3 million, net of $45 thousand in commissions and fees.On July 25, 2024 the Company repurchased 1,707,922 shares of common stock owned by Xylem Finance LLC, an affiliate of Davidson Kempner Capital Management, LP, for an aggregate repurchase price of approximately $20.0 million following the issuance of $50 million in aggregate principal amount of the Notes.

17.     Earnings per Share (“EPS”)

In the calculations of basic and diluted earnings per common share for the years ended December 31, 2024 and 2023, the Company included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances, and the Company determined that this difference was not material. For the year ended December 31, 2024, there were 110,146 outstanding restricted stock awards included in the diluted weighted average common shares outstanding. For the year ended December 31, 2023, there were 196,353 outstanding restricted stock awards included in the diluted weighted average common shares outstanding.The following table sets forth the calculation of basic and diluted earnings per share for the year ended December 31, 2024 and 2023:December 31, 2024December 31, 2023(in thousands, except share and per share data)Basic Earnings per Common Share:Net income allocable to common stockholders$28,750 $33,714 Dividends allocated to participating securities(155)(89)Net income (loss) to common stockholders - basic28,595 33,625 Basic weighted average common shares outstanding24,179,039 24,722,285 Basic earnings per common share$1.18 $1.36 Diluted Earnings per Common Share:Net income (loss)