Chicago Atlantic and Silver Spike Close Loan Portfolio Acquisition and Joint Venture Transactions [Yahoo! Finance]
Silver Spike Investment Corp. (SSIC)
Company Research
Source: Yahoo! Finance
CHICAGO, October 01, 2024 BUSINESS WIRE )--Chicago Atlantic today announced that Silver Spike Investment Corp. ("SSIC" or the "Company"), a specialty finance company that has elected to be regulated as a business development company, acquired a portfolio of loans (the "CALP Loan Portfolio") from Chicago Atlantic Loan Portfolio, LLC ("CALP"), a Chicago Atlantic-managed fund, in exchange for newly issued shares of the Company's common stock (the "Loan Portfolio Acquisition"). As a result of the Loan Portfolio Acquisition, CALP and legacy SSIC stockholders own approximately 72.8% and 27.2%, respectively, of the outstanding shares of the Company's common stock. The Company is the only publicly listed BDC focused on lending to cannabis companies. 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 was renamed Chicago Atlantic BDC
Show less
Read more
Impact Snapshot
Event Time:
SSIC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SSIC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SSIC alerts
High impacting Silver Spike Investment Corp. news events
Weekly update
A roundup of the hottest topics
SSIC
Earnings
- 5/9/24 - Miss
SSIC
Sec Filings
- 9/27/24 - Form 8-K
- 9/3/24 - Form EFFECT
- 8/30/24 - Form 424B3
- SSIC's page on the SEC website