Silver Spike Investment Corp. Announces Agreement to Acquire Loan Portfolio From Chicago Atlantic [Yahoo! Finance]
Silver Spike Investment Corp. (SSIC)
Company Research
Source: Yahoo! Finance
elected to be treated as a business development company, today announced that it entered into a definitive agreement with Chicago Atlantic Loan Portfolio, LLC (“CALP”) for the purchase (the “Loan Portfolio Acquisition”) from CALP of a sizeable portfolio of loans (the “CALP Loan Portfolio”). The Company will acquire the CALP Loan Portfolio in exchange for newly issued shares of the Company's common stock with a net asset value equal to the value of the CALP Loan Portfolio, each determined shortly before closing. The Loan Portfolio Acquisition is consistent with the Company's new, broadened investment strategy, separately announced today. The closing of the Loan Portfolio Acquisition is subject to certain customary closing conditions. Assuming satisfaction of the conditions to the transaction, the Loan Portfolio Acquisition is expected to close in mid-2024. As of January 1, 2024, the CALP Loan Portfolio comprised 24 loans with an aggregate value of approximately $130 million. CALP h
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- Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial ResultsGlobeNewswire
SSIC
Earnings
- 3/27/24 - In-Line
SSIC
Sec Filings
- 5/1/24 - Form 8-K
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- SSIC's page on the SEC website