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25 items- PRSilver Spike Investment Corp. Completes Loan Portfolio AcquisitionNEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. ("SSIC" or the "Company") (NASDAQ:SSIC), a specialty finance company that has elected to be regulated as a business development company, today announced the completion of its previously announced acquisition from Chicago Atlantic Loan Portfolio, LLC ("CALP") of a portfolio of loans (the "CALP Loan Portfolio") in exchange for newly issued shares of the Company's common stock (the "Loan Portfolio Acquisition"). As a result of the Loan Portfolio Acquisition, the Company has net assets of approximately $300 million and investments in 28 portfolio companies. In connection with the Loan Portfolio Acquisition, the Company
- SECSilver Spike Investment Corp. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits8-K - Silver Spike Investment Corp. (0001843162) (Filer)
- PRSilver Spike Investment Corp. Announces Stockholder Approval of Loan Portfolio AcquisitionNEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. ("SSIC" or the "Company") (NASDAQ:SSIC), a specialty finance company that has elected to be regulated as a business development company, today announced that the stockholders of the Company have voted at the Company's special meeting of stockholders held today (the "Special Meeting") to approve the proposal related to the Company's acquisition from Chicago Atlantic Loan Portfolio, LLC ("CALP") of a portfolio of loans (the "CALP Loan Portfolio") in exchange for newly-issued shares of SSIC's common stock (the "Loan Portfolio Acquisition"). At the Special Meeting, the stockholders of the Company also voted to approve:
- SECSEC Form EFFECT filed by Silver Spike Investment Corp.EFFECT - Silver Spike Investment Corp. (0001843162) (Filer)
- SECSEC Form 424B3 filed by Silver Spike Investment Corp.424B3 - Silver Spike Investment Corp. (0001843162) (Filer)
- SECAmendment: SEC Form N-14 8C/A filed by Silver Spike Investment Corp.N-14 8C/A - Silver Spike Investment Corp. (0001843162) (Filer)
- SECSEC Form 425 filed by Silver Spike Investment Corp.425 - Silver Spike Investment Corp. (0001843162) (Subject)
- SECSEC Form 425 filed by Silver Spike Investment Corp.425 - Silver Spike Investment Corp. (0001843162) (Subject)
- SECSEC Form 425 filed by Silver Spike Investment Corp.425 - Silver Spike Investment Corp. (0001843162) (Subject)
- SECSilver Spike Investment Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits8-K - Silver Spike Investment Corp. (0001843162) (Filer)
- PRSilver Spike Investment Corp. Reports Second Quarter 2024 Financial Results and Announces Cash Dividend of $0.25 Per ShareNEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. ("SSIC" or the "Company") (NASDAQ:SSIC), a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the second quarter ended June 30, 2024. Quarter Ended 6/30/24 Highlights Total investment income of $3.1 millionNet investment income of $1.5 million, or $0.25 per shareInvestment portfolio of $53.4 million at fair valueNet asset value ("NAV") per share decreased from $13.60 on March 31, 2024 to $13.56 on June 30, 2024A cash dividend of $0.25 per share was declared. The dividend is payable on September 27, 2024 to stockholders of record on
- SECSEC Form 10-Q filed by Silver Spike Investment Corp.10-Q - Silver Spike Investment Corp. (0001843162) (Filer)
- SECAmendment: SEC Form N-14 8C/A filed by Silver Spike Investment Corp.N-14 8C/A - Silver Spike Investment Corp. (0001843162) (Filer)
- SECSilver Spike Investment Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits8-K - Silver Spike Investment Corp. (0001843162) (Filer)
- PRSilver Spike Investment Corp. Announces Second Quarter 2024 Financial Results Conference CallNEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. ("SSIC" or the "Company") (NASDAQ:SSIC), a specialty finance company that has elected to be regulated as a business development company, today announced it will report financial results for its second quarter ended June 30, 2024, before market open on Friday, August 9, 2024. SSIC will host a conference call and webcast to discuss the Company's financial results at 8:00 a.m. Eastern Time on Friday, August 9, 2024. Participants may register for the call here. A live webcast of the call will also be available on the SSIC website at ssic.silverspikecap.com. A replay of the call will be available at ssic.silverspi
- NEWSChicago Atlantic Real Estate Finance's Stock Valuation & Dividend Yield Are Leaving Competitors BehindChicago Atlantic Real Estate Finance (NASDAQ:REFI) stands out in the cannabis capital providers and mortgage REIT (mREIT) sectors due to its premium valuation, impressive dividend yield, and robust growth track record. Pablo Zuanic, a senior equity analyst, noted in a recent report, "Of the six publicly listed cannabis capital providers, five are NASDAQ listed, being NLCP (OTC:NLCP) the exception. However, some may not currently provide the right comp due to poor liquidity, size, and relative newness." Performance And Valuation Comparison REFI trades at a 3% premium to its book value, reflecting strong investor confidence in its growth prospects. This stands in contrast to other cannabis
- SECSilver Spike Investment Corp. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders8-K - Silver Spike Investment Corp. (0001843162) (Filer)
- SECAmendment: SEC Form N-14 8C/A filed by Silver Spike Investment Corp.N-14 8C/A - Silver Spike Investment Corp. (0001843162) (Filer)
- NEWSCannabis Chart Of The Week: Lenders Vs. Borrowers – The Wisdom Of DiversificationThe chart shows the YTD stock performance of two equally weighted baskets of stocks. The orange line depicts the YTD performance of a basket of the top five MSOs by market cap: Curaleaf (OTC:CURLF), GTI (OTC:GTBIF), Trulieve (OTC:TCNNF), Verano (OTC:VRNOF), and Cresco (OTC:CRLBF). The green line shows the YTD results of a basket of the top five cannabis lenders and sale-leaseback providers: IIPR (NYSE:IIPR), Chicago Atlantic, AFC Gamma (NASDAQ:AFCG), NewLake Capital (OTC:NLCP), and Silver Spike (NASDAQ:SSIC). The blue line shows the MSOS ETF’s YTD performance. Note that the MSOS ETF price has a .97 correlation with the price of a simple equal-weighted basket of the top five MSOs but signi
- NEWSCannabis Chart Of The Week: Are Ancillary Sectors Participating In The Rescheduling Price Upswing?The graph depicts the stock price performance of baskets of stocks in six different cannabis industry subsectors. Each basket consists of the top four or five U.S. companies in each group. The stocks in each basket are equally weighted, and the basket prices are indexed so that August 25, 2023 (the Friday before the HHS announcement) equals 100. Hundreds of articles (our own included) have analyzed the critical benefits of 280e removal, and, as expected, MSO prices have traded over 2x pre-HHS levels since the beginning of the year. We remain surprised that neither the PR Newswire leak of the DEA intentions nor Biden’s announcement has significantly rallied plant-touching stocks furthe
- SECSEC Form 425 filed by Silver Spike Investment Corp.425 - Silver Spike Investment Corp. (0001843162) (Subject)
- NEWSPot-Focused Finance Company Reports Higher Investment Income, Projects 'Increase In Cannabis Capital Markets Activity' Following DEA ReschedulingSilver Spike Investment Corp. (NASDAQ:SSIC), a specialty finance company that has elected to be regulated as a business development company, announced its financial results Friday for the first quarter ended March 31, 2024. "It was recently reported that the U.S. Drug Enforcement Administration is moving to reclassify cannabis to a Schedule III substance under the Controlled Substances Act, a potentially historic shift in federal regulation of the cannabis industry," stated Scott Gordon, chairman and CEO of the company. "Although timing is uncertain, this shift would be a major step forward for the cannabis industry and should have a positive impact on cash flow for cannabis operators, as
- SECSilver Spike Investment Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits8-K - Silver Spike Investment Corp. (0001843162) (Filer)
- SECSEC Form 425 filed by Silver Spike Investment Corp.425 - Silver Spike Investment Corp. (0001843162) (Subject)
- SECSEC Form 425 filed by Silver Spike Investment Corp.425 - Silver Spike Investment Corp. (0001843162) (Subject)
SSIC FAQ
7 questionsWhat does Silver Spike Investment Corp. do?
Silver Spike Investment Corp., a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and...Where does SSIC stock trade?
Silver Spike Investment Corp. (SSIC) is listed on NASDAQ.What sector and industry is SSIC in?
Silver Spike Investment Corp. operates in the Finance sector, Finance: Consumer Services industry.When did Silver Spike Investment Corp. go public?
Silver Spike Investment Corp. (SSIC) completed its IPO in 2022.What are analysts saying about SSIC?
Silver Spike Investment Corp. has had 3 recent analyst actions on file. The most recent action was from Stifel: Hold with a $1400.00 price target on 2022-03-01. Recent price targets range from $1400.00 to $1700.00.What companies are similar to SSIC?
Notable peers in the same industry include AXP (American Express Company), SPGI (S&P Global Inc.), MCO (Moody's Corporation), NU (Nu Holdings Ltd.), COIN (Coinbase Global Inc.). Compare SSIC side-by-side with any of them on Quantisnow.How can I track SSIC on Quantisnow?
Quantisnow aggregates Silver Spike Investment Corp.'s SEC filings, analyst ratings, insider transactions, FDA approvals, and press releases the moment they hit the wire (Wall Street's wire, on your screen.). Follow SSIC to receive live email and push alerts on every new disclosure.