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Silver Spike Investment Corp. Stockholders Approve Loan Portfolio Acquisition

Sep 23, 2024•almost 2 years ago

Contract Type

agreement

New YorkFinancial ServicesFinanceLending

Description

Today, Silver Spike Investment Corp. announced that its stockholders have voted to approve the acquisition of a loan portfolio from Chicago Atlantic Loan Portfolio, LLC in exchange for newly-issued shares of the company's common stock. The stockholders also approved the election of new members to the board of directors and a new investment advisory agreement.

Company Information

Company

Silver Spike Investment Corp

Location

New York, United States

About

Silver Spike Investment Corp. (Nasdaq: SSIC) is a specialty finance company that has elected to be treated as a business development company. The company is focused on the acquisition of a sizeable portfolio of loans from Chicago Atlantic Loan Portfolio, LLC, in line with its new, broadened investment strategy. The company expects the acquisition to enhance value for its stockholders and to achieve greater scale, trading liquidity, and access to capital markets.

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