Silver Spike Investment Corp. Announces Agreement to Acquire Loan Portfolio From Chicago Atlantic
Acquiring Company
Silver Spike Investment Corp
Acquired Company
Chicago Atlantic Loan Portfolio
New YorkChicagoFinancial ServicesFinanceLendingInvestment ManagementFinancial ServicesDescription
Silver Spike Investment Corp. (Nasdaq: SSIC) has entered into a definitive agreement to acquire a sizeable portfolio of loans from Chicago Atlantic Loan Portfolio, LLC. The acquisition is consistent with the company’s new, broadened investment strategy and is expected to enhance value for its stockholders, leading to greater scale, trading liquidity, and access to capital markets.
Quick answer
Silver Spike Investment Corp is acquiring Chicago Atlantic Loan Portfolio, announced February 20, 2024. Silver Spike Investment Corp is based in New York, United States.
- How much did Silver Spike Investment Corp pay for Chicago Atlantic Loan Portfolio?
- The deal value was not disclosed.
- What does Silver Spike Investment Corp do?
- Silver Spike Capital, an SEC-registered adviser and private credit alternative asset manager founded in 2019, allocates capital across various credit strategies to the cannabis industry’s most established operators and..
- Where are Silver Spike Investment Corp and Chicago Atlantic Loan Portfolio based?
- Silver Spike Investment Corp is based in New York, United States. Chicago Atlantic Loan Portfolio is based in Chicago, Illinois, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Chicago Atlantic Loan Portfolio?
Chicago Atlantic Loan Portfolio was acquired by Silver Spike Investment Corp, based in New York. The deal was reported on February 20, 2024. Silver Spike Investment Corp is privately held and operates in Financial Services.
When did Silver Spike Investment Corp acquire Chicago Atlantic Loan Portfolio?
Silver Spike Investment Corp's acquisition of Chicago Atlantic Loan Portfolio was reported on February 20, 2024. Silver Spike Investment Corp. (Nasdaq: SSIC) has entered into a definitive agreement to acquire a sizeable portfolio of loans from Chicago Atlantic Loan Portfolio, LLC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Chicago Atlantic Loan Portfolio do?
Chicago Atlantic Loan Portfolio, LLC holds a sizeable portfolio of loans, including 24 loans with an aggregate value of approximately $130 million as of January 1, 2024. It is privately held, operating in Financial Services, and is based in Chicago.
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