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

Core Points - Silver Spike Investment Corp. (SSIC) has received stockholder approval for the acquisition of a loan portfolio from Chicago Atlantic Loan Portfolio, LLC (CALP) in exchange for newly-issued shares of common stock [1] - The company will also undergo a name change to "Chicago Atlantic BDC, Inc." and its ticker symbol will change to "LIEN" following the acquisition [3] Summary by Sections Acquisition Details - The acquisition involves a portfolio of loans from CALP, which is expected to close as soon as possible, subject to closing conditions [3] - The acquisition is part of the company's strategy to leverage increased scale for investing in cannabis and middle-market companies [3] Board and Advisory Agreement - Stockholders approved the election of Frederick C. Herbst, John Mazarakis, and Jason Papastavrou to the board of directors for terms ending in 2025, 2026, and 2027 respectively [2] - A new investment advisory agreement with Silver Spike Capital, LLC (SSC) was also approved, maintaining the same management and incentive fee structure as the current agreement [2] Company Overview - SSIC is a specialty finance company regulated as a business development company, focusing on maximizing risk-adjusted returns through direct loans to privately held middle-market companies, particularly in the cannabis and health and wellness sectors [4]