Silver Spike Investment Corp

Silver Spike Investment Corp. operates as a closed-end, non-diversified management investment company. The company invests across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. The company was founded on January 25, 2021 and is headquartered in New York, NY.

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q2 2023

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Earnings data Q2 2024

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Chicago Atlantic BDC, Inc. operates as a closed-end, non-diversified management investment company. The company invests across the cannabis ecosystem through investments in the form of direct loans and equity ownership of privately held cannabis companies. The company was founded on January 25, 2021 and is headquartered in New York, NY.

NEW 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.

Silver Spike Investment Corp. Completes Loan Portfolio Acquisition

NEW 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”).

Silver Spike Investment Corp. Announces Stockholder Approval of Loan Portfolio Acquisition

Silver Spike Investment Corp. (NASDAQ:SSIC ) Q2 2024 Earnings Conference Call August 9, 2024 8:00 AM ET Company Participants Umesh Mahajan - Chief Financial Officer Scott Gordon - Chief Executive Officer Operator Good day, and thank you for standing by. Welcome to the Silver Spike Investment Corp. Second Quarter 2024 Earnings Conference Call.

Silver Spike Investment Corp. (SSIC) Q2 2024 Earnings Call Transcript

NEW 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.

Silver Spike Investment Corp. Reports Second Quarter 2024 Financial Results and Announces Cash Dividend of $0.25 Per Share

NEW 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.

Silver Spike Investment Corp. Announces Second Quarter 2024 Financial Results Conference Call

Silver Spike Investment Corp. reported negative net investment income in latest earnings, but dividend yield remains safe with coverage of 132%. SSIC's potential catalysts include growth in the cannabis industry and possible federal legalization, which could positively impact their cash flows. Despite solid fundamentals and safe dividend yield, SSIC remains a hold due to unstable NAV and possible overvaluation.

Silver Spike Investment: Potential Gem's 8% Yield Not As Risky As It Seems

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Silver Spike Investment (SSIC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Silver Spike Investment (SSIC) Soars 5.8%: Is Further Upside Left in the Stock?

Silver Spike Investment Corp. (NASDAQ:SSIC ) Q1 2024 Results Conference Call May 10, 2024 8:00 AM ET Company Participants Umesh Mahajan - Chief Financial Officer Scott Gordon - Chief Executive Officer Conference Call Participants Michael Lavery - Piper Sandler Pablo Zuanic - Zuanic & Associates Operator Good day and thank you for standing by. Welcome to Silver Spike Investment Corp. First Quarter 2024 Earnings Conference Call.

Silver Spike Investment Corp. (SSIC) Q1 2024 Earnings Call Transcript

Silver Spike Investment Corp. (SSIC) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.22 per share a year ago.

Silver Spike Investment Corp. (SSIC) Reports Q1 Loss, Tops Revenue Estimates

NEW YORK, May 09, 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 first quarter ended March 31, 2024.

Silver Spike Investment Corp. Reports First Quarter 2024 Financial Results and Announces Cash Dividend of $0.25 Per Share

NEW YORK, April 25, 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 first quarter ended March 31, 2024, before market open on Friday, May 10, 2024.

Silver Spike Investment Corp. Announces First Quarter 2024 Financial Results Conference Call

Silver Spike Investment Corp. is the only business development company in the cannabis sector, making it an attractive investment as the industry grows. The company reported solid financial numbers for its first full year of operations, with net investment and total investment income growing quarter-over-quarter and year-over-year. Silver Spike recently entered into an agreement with Chicago Atlantic, which is expected to increase scale, liquidity, and portfolio diversification.

Silver Spike Investment Q4: This Cannabis BDC Looks Poised For Growth

Silver Spike Investment Corp. (SSIC) Q4 2023 Earnings Call Transcript

NEW YORK, March 27, 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 fiscal year ended December 31, 2023.

Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial Results

NEW YORK, March 14, 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 fiscal year ended December 31, 2023, before market open on Thursday, March 28, 2024.

Silver Spike Investment Corp. Announces Fiscal Year End 2023 Financial Results Conference Call

NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be treated as a business development company, today announced that Silver Spike's board of directors has declared a cash dividend of $0.25 per share for the quarter ending March 31, 2024.

Silver Spike Investment Corp. Declares Cash Dividend for First Quarter 2024

CHICAGO--(BUSINESS WIRE)--Chicago Atlantic and Silver Spike Capital, investment adviser of Silver Spike Investment Corp (NASDAQ: SSIC), pursue a joint venture.

Chicago Atlantic Enters into Joint Venture with Silver Spike

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”) (Nasdaq: SSIC), a specialty finance company that has elected to be treated as a business development company, today announced that the board of directors of Silver Spike has unanimously approved an expansion of Silver Spike's investment strategy to permit investments in companies outside of the cannabis and health and wellness sectors that otherwise meet the Company's current investment criteria.

Silver Spike Investment Corp. Announces a Broadening of Its Investment Strategy

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (the “Company”) (Nasdaq: SSIC), a specialty finance company that has 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.

Silver Spike Investment Corp. Announces Agreement to Acquire Loan Portfolio From Chicago Atlantic

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Silver Spike Investment is a BDC focused on direct-lending to the cannabis industry, making it an attractive investment in a growing market. SSIC's financials have not been strong since going public, but they have a pipeline of $448 million in the works and a portfolio of well-known cannabis operators. SSIC stock is currently trading at a discount of roughly 45% to its NAV, making it a compelling investment for those willing to take on the risk.

Silver Spike Investment: Cannabis BDC With Attractive Dividends

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced its financial results for the quarter ended September 30, 2023.

Silver Spike Investment Corp. Reports Third Quarter 2023 Financial Results

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced it will report financial results for its third quarter ended September 30, 2023, before market open on Friday, November 10, 2023.

Silver Spike Investment Corp. Announces Third Quarter 2023 Financial Results Conference Call

NEW YORK, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today reminded investors that the Company's Board of Directors declared a cash dividend of $0.63 per share, consisting of a regular quarterly dividend of $0.23 per share and a special dividend of $0.40 per share.

News for Silver Spike Investment Corp Stock (SSIC)