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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section
13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 8, 2023 (August 8, 2023)
RUNWAY GROWTH FINANCE CORP.
(Exact name of registrant as specified in its
charter)
Maryland |
|
000-55544 |
|
47-5049745 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
205 N. Michigan Ave., Suite 4200
Chicago, Illinois 60601
(Address of principal executive offices
and zip code)
Registrant’s telephone number, including area code: (312) 281-6270
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, par value $0.01 per share |
|
RWAY |
|
Nasdaq Global Select Market LLC |
7.50% Notes due 2027 |
|
RWAYL |
|
Nasdaq Global Select Market LLC |
8.00% Notes due 2027 |
|
RWAYZ |
|
Nasdaq Global Select Market LLC |
Indicate by check mark whether the
registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities
Exchange Act of 1934. Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial
Condition.
On August 8, 2023, Runway Growth Finance Corp.
(the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2023. The text of the
press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information set forth under this Item 2.02,
including the information set forth in Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise. The information
set forth under this Item 2.02, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other
document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except
as otherwise expressly stated in any such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 8, 2023 |
RUNWAY GROWTH FINANCE CORP. |
|
|
|
|
By: |
/s/ Thomas B. Raterman |
|
|
Thomas B. Raterman |
|
|
Acting President, Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary |
Exhibit 99.1
Runway Growth Finance Corp.
Reports Second Quarter 2023 Financial Results
Delivered Total and Net Investment
Income of $41.9 and $19.7 Million, Respectively
Investment Portfolio of $1.1 Billion
Conference Call Today, Tuesday,
August 8, at 5:00 p.m. ET
MENLO PARK, Calif., August 8, 2023—Runway
Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a
leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced
its financial results for the second quarter ended June 30, 2023.
Second Quarter 2023 Highlights
| • | Total investment income of $41.9 million |
| • | Net investment income of $19.7 million, or $0.49 per share |
| • | Net asset value of $14.17 per share |
| • | Dollar-weighted annualized yield on debt investments of 16.7% for the quarter |
| • | Four investments completed in existing portfolio companies, representing $50.9 million in funded loans |
| • | Aggregate proceeds of $88.7 million received from principal repayments |
| • | Declared third quarter 2023 regular dividend of $0.40 per share |
| • | Declared third quarter 2023 supplemental dividend of $0.05 per share |
“Runway Growth’s second quarter results
speak to our team’s diligence and active portfolio management, both of which are critical elements in constructing our stable portfolio,”
said Greg Greifeld, acting CEO of Runway Growth, and Deputy CIO and Head of Credit of Runway Growth Capital. “With a robust pipeline
exceeding $2 billion, Runway continued to execute against its credit-first strategy in pursuit of only the highest quality, late-stage
companies. In all market cycles, Runway has prioritized capital preservation to protect its borrowers while delivering attractive, risk-adjusted
returns to enhance shareholder value.”
Greifeld continued, “Runway
Growth's sophisticated financing model continues to resonate with late-stage companies that face working capital constraints amid the
current market backdrop. As we look to the second half of the year, we are strategically positioned to selectively deploy capital at favorable
terms.”
Second Quarter 2023 Operating Results
Total investment income for the quarter ended June 30,
2023 was $41.9 million, compared to $25.0 million for the quarter ended June 30, 2022.
Net investment income for the quarter ended June 30,
2023 was $19.7 million, or $0.49 per share, compared to $14.5 million, or $0.35 per share, for the quarter ended June 30, 2022.
The Company's dollar-weighted annualized yield on average
debt investments for the quarter ended June 30, 2023 was 16.7%. The Company calculates the yield on dollar-weighted debt investments
for any period measured as (1) total investment-related income during the period divided by (2) the daily average of the fair
value of debt investments outstanding during the period.
Total operating expenses for the quarter ended June 30,
2023 were $22.2 million, compared to $10.5 million for the quarter ended June 30, 2022. The increase was driven by growing management
fees, incentive fees and interest expenses related to a significantly larger loan portfolio. It should be noted that beginning in the
first quarter of 2023, the Company’s base management fee decreased from 1.625% on annualized basis to 1.5% on an annualized basis,
as the Company’s gross assets exceeded $1.0 billion at December 31, 2022.
Net realized gain on investments was zero for the quarter
ended June 30, 2023, compared to a net realized gain of $0.9 million for the quarter ended June 30, 2022. The Company experienced
no credit losses during the second quarter or year-to-date in 2023.
For the quarter ended June 30, 2023, net unrealized
gain on investments was $2.6 million, compared to a net change in unrealized loss of $16.2 million for the comparable prior year period.
Portfolio and Investment Activity
As of June 30, 2023, Runway Growth’s investment
portfolio had an aggregate fair value of approximately $1,095 million and was comprised of approximately $1,044 million in term loans,
99% of which are senior secured loans and $51 million in warrants and equity-related investments in 49 portfolio companies.
During the second quarter of 2023, Runway Growth completed
four investments in existing portfolio companies, representing $50.9 million in funded loans.
Total portfolio investment activity for the three and
six months ended June 30, 2023 and 2022 was as follows:
| |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
Beginning investment portfolio | |
$ | 1,160,316 | | |
$ | 754,290 | | |
$ | 1,126,309 | | |
$ | 729,516 | |
Purchases of investments | |
| 50,669 | | |
| 147,953 | | |
| 63,540 | | |
| 233,473 | |
Purchases of U.S. Treasury Bills | |
| — | | |
| — | | |
| 34,974 | | |
| — | |
PIK interest | |
| 6,028 | | |
| 3,793 | | |
| 9,783 | | |
| 5,130 | |
Sales or repayments of investments | |
| (88,709 | ) | |
| (76,915 | ) | |
| (98,901 | ) | |
| (86,793 | ) |
Scheduled principal payments of investments | |
| (2,764 | ) | |
| (6,842 | ) | |
| (6,771 | ) | |
| (7,266 | ) |
Sales and maturities of U.S. Treasury Bills | |
| (35,000 | ) | |
| — | | |
| (35,000 | ) | |
| (45,000 | ) |
Amortization of fixed income premiums or accretion of discounts | |
| 2,137 | | |
| 746 | | |
| 5,005 | | |
| 3,571 | |
Net realized gain (loss) on investments | |
| — | | |
| 903 | | |
| (1,178 | ) | |
| 532 | |
Net change in unrealized gain (loss) on investments | |
| 2,644 | | |
| (16,199 | ) | |
| (2,440 | ) | |
| (25,434 | ) |
| |
| | | |
| | | |
| | | |
| | |
Ending Investment Portfolio | |
$ | 1,095,321 | | |
$ | 807,729 | | |
$ | 1,095,321 | | |
$ | 807,729 | |
Net Asset Value
As of June 30, 2023, net asset value (“NAV’”)
per share was $14.17, compared to $14.14 as of June 30, 2022. Total net assets at the end of the second quarter of 2023 was $573.9
million, down 0.95% from $579.4 million in the prior year period.
For the quarter ended June 30, 2023, net increase
in net assets resulting from operations was $22.3 million, or $0.55 per share, compared to a net decrease of $0.8 million,
or $0.02 per share, for the quarter ended June 30, 2022.
Liquidity and Capital Resources
As of June 30, 2023, the Company had approximately
$227.7 million in available liquidity, including unrestricted cash and cash equivalents, and $190.0 million in available borrowing capacity
under the Company’s credit facility, subject to existing terms, advance rates and regulatory and covenant requirements.
The Company ended the quarter with a core leverage
ratio of approximately 97%, compared to 104% for the quarter ended March 31, 2023.
Distributions
On August 1, 2023, the Company’s board of
directors declared a regular quarterly distribution of $0.40 per share for the third quarter of 2023, payable on August 31, 2023,
to stockholders of record as of August 15, 2023. In addition, the Company’s board of directors declared a supplemental dividend
of $0.05 per share for the third quarter of 2023 that is also payable on August 31, 2023 to stockholders of record as of August 15,
2023.
Recent Developments
On July 10, 2023, the Company funded an investment of $20.0 million
to Elevate Services, Inc.
On July 18 and July 27, 2023 the Company funded investments
of $0.6 million and $0.8 million, respectively, to Fidelis Cybersecurity, Inc. On July 31, 2023 and August 1, 2023, the
Company received $16.7 million and $1.0 million, respectively, from the sale of investments in Fidelis Cybersecurity, Inc., representing
payment in full to the Company.
On July 18, 2023, the Company received share issuance proceeds
from Marley Spoon AG (“Marley Spoon”) in connection with Marley Spoon’s business combination transaction. On July 26,
2023, the Company received $5.4 million as a partial repayment of its loan to Marley Spoon.
On July 31, 2023, the Company announced that R. David Spreng,
the Company’s President, Chief Executive Officer and Chairman of the Board of Directors, will be taking a temporary leave of absence
from the Company in order to undergo treatment for a medical condition. In connection with Mr. Spreng’s temporary leave of
absence, the Board of Directors made certain temporary and permanent appointments on July 31, 2023, effective immediately. Thomas
B. Raterman was appointed to temporarily serve as Acting President of the Company. Mr. Raterman joined the Company in 2015 as Chief
Financial Officer, Treasurer and Secretary, was appointed Chief Operating Officer in 2021, and will continue to serve in these roles.
Greg Greifeld, the Managing Director, Deputy Chief Investment Officer and Head of Credit at Runway Growth Capital, was appointed to temporarily
serve as Acting Chief Executive Officer of the Company. Mr. Greifeld will continue to serve as in his existing aforementioned roles.
Julie Persily, Chair of the Audit Committee of the Board of Directors and independent director, was appointed to temporarily serve as
Acting Chairperson of the Board of Directors. Mr. Raterman, Mr. Greifeld, and Ms. Persily will serve in their respective
acting positions until R. David Spreng returns to his duties as President and Chief Executive Officer, or until their successors are elected
and qualified, or until their sooner death, resignation or removal from office. In addition, Ms. Persily was permanently appointed
as Lead Independent Director of the Board of Directors.
On August 1, 2023, Allurion Technologies, Inc. prepaid its
outstanding principal balance of $55.0 million on its senior secured loan.
On August 1, 2023, the Board of Directors declared an ordinary
distribution of $0.40 per share and a supplemental distribution of $0.05 per share for stockholders of record on August 15, 2023
payable on or before August 31, 2023.
On August 3, 2023, the Company entered into an amendment to its
custody agreement, dated as of January 6, 2017, with U.S. Bank Trust Company, National Association, as successor in interest to U.S.
Bank National Association, as custodian (the “Custodian”) and U.S. Bank National Association, as document custodian (the “Document
Custodian”) to provide for custody services for Foreign Assets by the Custodian to the Company.
Conference Call
Runway Growth will hold a conference call to discuss its second quarter
ended June 30, 2023 financial results at 2:00 p.m. PT (5:00 p.m. ET) on Tuesday, August 8, 2023. To participate in
the conference call or webcast, participants should register online at the Runway Investor Relations website. The earnings
call can also be accessed through the following links:
A live webcast will be available in the investor section of the Company’s
website, and will be archived for 90 days following the call.
About Runway Growth Finance Corp.
Runway Growth is a growing specialty finance company focused on providing
flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end
investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940. Runway Growth
is externally managed by Runway Growth Capital LLC, an established registered investment advisor that was formed in 2015 and led by industry
veteran David Spreng. For more information, please visit www.runwaygrowth.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included
in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant
market volatility on our business, our portfolio companies, our industry and the global economy. Actual results may differ materially
from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway
Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the date of this press release.
Important Disclosures
Strategies described involve special risks that should be evaluated
carefully before a decision is made to invest. Not all of the risks and other significant aspects of these strategies are discussed herein.
Please see a more detailed discussion of these risk factors and other related risks in the Company’s most recent annual Form 10-K
report in the section entitled “Risk Factors”, which may be obtained on the Company’s website www.runwaygrowth.com or
the SEC’s website www.sec.gov.
IR Contacts:
Stefan Norbom, Prosek Partners, snorbom@prosek.com
Thomas B. Raterman, Acting President, Chief Financial Officer and Chief
Operating Officer, tr@runwaygrowth.com
Runway Growth Finance Corp.
Consolidated Statements of Assets and Liabilities
(In thousands, except share and per share data)
| |
June 30, 2023 | | |
December 31, 2022 | |
| |
| (unaudited)
| | |
| | |
Assets | |
| | | |
| | |
Investments at fair value: | |
| | | |
| | |
Non-control/non-affiliate investments at fair value (cost of $1,048,488 and $1,126,879, respectively) | |
$ | 1,036,661 | | |
$ | 1,114,935 | |
Affiliate investments at fair value (cost of $55,603 and $4,551, respectively) | |
| 47,047 | | |
| 2,084 | |
Control investments at fair value (cost of $17,963 and $19,172, respectively) | |
| 11,613 | | |
| 9,290 | |
Total investments at fair value (cost of $1,122,054 and $1,150,602, respectively) | |
| 1,095,321 | | |
| 1,126,309 | |
Cash and cash equivalents | |
| 37,740 | | |
| 5,761 | |
Interest and fees receivable | |
| 8,110 | | |
| 8,766 | |
Other assets | |
| 470 | | |
| 930 | |
Total assets | |
| 1,141,641 | | |
| 1,141,766 | |
| |
| | | |
| | |
Liabilities | |
| | | |
| | |
Debt: | |
| | | |
| | |
Credit facility | |
| 310,000 | | |
| 337,000 | |
2026 Notes | |
| 95,000 | | |
| 70,000 | |
2027 Notes | |
| 152,250 | | |
| 152,250 | |
Unamortized deferred debt costs | |
| (9,977 | ) | |
| (10,293 | ) |
Total debt, less unamortized deferred debt costs | |
| 547,273 | | |
| 548,957 | |
Incentive fees payable | |
| 10,817 | | |
| 8,808 | |
Interest payable | |
| 8,291 | | |
| 6,221 | |
Accrued expenses and other liabilities | |
| 1,362 | | |
| 1,728 | |
Total liabilities | |
| 567,743 | | |
| 565,714 | |
| |
| | | |
| | |
Net assets | |
| | | |
| | |
Common stock, par value | |
| 414 | | |
| 414 | |
Additional paid-in capital | |
| 605,774 | | |
| 605,774 | |
Distributable (losses) | |
| (21,474 | ) | |
| (19,320 | ) |
Treasury Stock | |
| (10,816 | ) | |
| (10,816 | ) |
Total net assets | |
$ | 573,898 | | |
$ | 576,052 | |
| |
| | | |
| | |
Shares of common stock outstanding ($0.01 par value, 100,000,000 shares authorized) | |
| 40,509,269 | | |
| 40,509,269 | |
Net asset value per share | |
$ | 14.17 | | |
$ | 14.22 | |
Runway Growth Finance Corp.
Consolidated Statements of Operations
(In thousands, except share and per share
data)
| |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
Investment income | |
| | | |
| | | |
| | | |
| | |
From non-control/non-affiliate investments: | |
| | | |
| | | |
| | | |
| | |
Interest income | |
$ | 33,818 | | |
$ | 19,849 | | |
$ | 68,671 | | |
$ | 36,385 | |
Payment in-kind interest income | |
| 6,425 | | |
| 1,043 | | |
| 10,221 | | |
| 2,049 | |
Dividend income | |
| 319 | | |
| 318 | | |
| 643 | | |
| 703 | |
Fee Income | |
| 615 | | |
| 523 | | |
| 660 | | |
| 914 | |
From affiliate investments: | |
| | | |
| | | |
| | | |
| | |
Interest income | |
| 593 | | |
| 5 | | |
| 885 | | |
| 5 | |
Payment in-kind interest income | |
| — | | |
| 7 | | |
| — | | |
| 97 | |
Fee Income | |
| — | | |
| 8 | | |
| — | | |
| 8 | |
From control investments: | |
| | | |
| | | |
| | | |
| | |
Interest income | |
| — | | |
| 618 | | |
| — | | |
| 1,112 | |
Payment in-kind interest income | |
| — | | |
| 2,654 | | |
| — | | |
| 2,984 | |
Other income | |
| 125 | | |
| — | | |
| 125 | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
Total investment income | |
| 41,895 | | |
| 25,025 | | |
| 81,205 | | |
| 44,257 | |
| |
| | | |
| | | |
| | | |
| | |
Operating expenses | |
| | | |
| | | |
| | | |
| | |
Management fees | |
| 4,337 | | |
| 2,862 | | |
| 8,296 | | |
| 5,422 | |
Incentive fees | |
| 4,920 | | |
| 3,621 | | |
| 9,483 | | |
| 4,965 | |
Interest and other debt financing expenses | |
| 11,410 | | |
| 2,336 | | |
| 22,330 | | |
| 3,915 | |
Professional fees | |
| 475 | | |
| 813 | | |
| 1,008 | | |
| 1,195 | |
Administration agreement expenses | |
| 615 | | |
| 426 | | |
| 1,198 | | |
| 872 | |
Insurance expense | |
| 268 | | |
| 269 | | |
| 536 | | |
| 538 | |
Tax expense | |
| — | | |
| 1 | | |
| 50 | | |
| 1 | |
Other expenses | |
| 194 | | |
| 218 | | |
| 382 | | |
| 411 | |
| |
| | | |
| | | |
| | | |
| | |
Total operating expenses | |
| 22,219 | | |
| 10,546 | | |
| 43,283 | | |
| 17,319 | |
| |
| | | |
| | | |
| | | |
| | |
Net investment income | |
| 19,676 | | |
| 14,479 | | |
| 37,922 | | |
| 26,938 | |
| |
| | | |
| | | |
| | | |
| | |
Net realized and net change in unrealized gain (loss) on investments | |
| | | |
| | | |
| | | |
| | |
Net realized gain (loss) on non-control/non-affiliate investments | |
| — | | |
| 903 | | |
| (1,178 | ) | |
| 532 | |
Net realized gain (loss) on investments | |
| — | | |
| 903 | | |
| (1,178 | ) | |
| 532 | |
Net change in unrealized gain (loss) on non-control/non-affiliate investments | |
| 1,538 | | |
| (8,164 | ) | |
| 117 | | |
| (12,318 | ) |
Net change in unrealized gain (loss) on affiliate investments | |
| (103 | ) | |
| (42 | ) | |
| (6,089 | ) | |
| (3,208 | ) |
Net change in unrealized gain (loss) on control investments | |
| 1,209 | | |
| (7,993 | ) | |
| 3,532 | | |
| (9,908 | ) |
Net change in unrealized gain (loss) on investments | |
| 2,644 | | |
| (16,199 | ) | |
| (2,440 | ) | |
| (25,434 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net realized and unrealized gain (loss) on investments | |
| 2,644 | | |
| (15,296 | ) | |
| (3,618 | ) | |
| (24,902 | ) |
Net increase (decrease) in net assets resulting from operations | |
$ | 22,320 | | |
$ | (817 | ) | |
$ | 34,304 | | |
$ | 2,036 | |
| |
| | | |
| | | |
| | | |
| | |
Net investment income per common share (basic and diluted) | |
$ | 0.49 | | |
$ | 0.35 | | |
$ | 0.94 | | |
$ | 0.65 | |
Net increase (decrease) in net assets resulting from operations per common share (basic and diluted) | |
$ | 0.55 | | |
$ | (0.02 | ) | |
$ | 0.85 | | |
$ | 0.05 | |
Weighted-average shares outstanding (basic and diluted) | |
| 40,509,269 | | |
| 41,215,664 | | |
| 40,509,269 | | |
| 41,294,985 | |
v3.23.2
Cover
|
Aug. 08, 2023 |
Document Information [Line Items] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Aug. 08, 2023
|
Entity File Number |
000-55544
|
Entity Registrant Name |
RUNWAY GROWTH FINANCE CORP.
|
Entity Central Index Key |
0001653384
|
Entity Tax Identification Number |
47-5049745
|
Entity Incorporation, State or Country Code |
MD
|
Entity Address, Address Line One |
205 N. Michigan Ave.
|
Entity Address, Address Line Two |
Suite 4200
|
Entity Address, City or Town |
Chicago
|
Entity Address, State or Province |
IL
|
Entity Address, Postal Zip Code |
60601
|
City Area Code |
312
|
Local Phone Number |
281-6270
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
Common Stock, par value $0.01 per share |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
Common Stock, par value $0.01 per share
|
Trading Symbol |
RWAY
|
Security Exchange Name |
NASDAQ
|
7.50% Notes due 2027 |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
7.50% Notes due 2027
|
Trading Symbol |
RWAYL
|
Security Exchange Name |
NASDAQ
|
8.00% Notes due 2027 |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
8.00% Notes due 2027
|
Trading Symbol |
RWAYZ
|
Security Exchange Name |
NASDAQ
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- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
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- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
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- DefinitionAddress Line 2 such as Street or Suite number
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- Definition
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X |
- DefinitionCode for the postal or zip code
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- DefinitionName of the state or province.
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X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
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- DefinitionIndicate if registrant meets the emerging growth company criteria.
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X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
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- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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- DefinitionLocal phone number for entity.
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- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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- DefinitionTitle of a 12(b) registered security.
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- DefinitionName of the Exchange on which a security is registered.
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- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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- DefinitionTrading symbol of an instrument as listed on an exchange.
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- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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