Silver Spike Investment Corp.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Scott Charles Gordon
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- 660 Madison Avenue New York City NY United States of America 10065
- IPO Date
- Feb 4, 2022
- CIK
- 0001843162
- Website
- ssic.silverspikecap.com
- Similar Companies
- Business
- Silver Spike Investment Corp. (SSIC) operates as a closed-end, non-diversified business development company that invests primarily in the cannabis ecosystem through direct loans and equity ownership in privately held cannabis companies, including secured debt, unsecured debt, equity warrants, and direct equity investments; these debt investments typically feature first- or second-priority liens on portfolio company assets, fixed or floating rates, and terms of three to six years. The company targets private leveraged middle-market businesses with $5 million to $50 million in EBITDA, focusing on cannabis operators, enabling technology firms, health and wellness companies, and hemp/CBD distributors to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions. Founded in 2021 and headquartered at 660 Madison Avenue in New York City, it is externally managed by Silver Spike Capital, LLC, and seeks to maximize risk-adjusted returns on equity for shareholders by generating current income from debt and capital appreciation from equity positions across the United States. In October 2024, Silver Spike completed a transformative acquisition of the Chicago Atlantic Loan Portfolio from Chicago Atlantic Loan Portfolio, LLC, issuing new shares that allocated 72.8% ownership to CALP members and 27.2% to legacy Silver Spike stockholders, resulting in net assets of approximately $300 million across 28 portfolio companies and a shift under new leadership with Andreas Bodmeier as CEO and Dino Colonna as president. Concurrently, the company renamed itself Chicago Atlantic BDC, Inc., changed its ticker to LIEN on Nasdaq, and broadened its strategy to include direct loans to lower middle-market companies in niche sectors beyond cannabis facing capital shortages, while electing regulated investment company status for tax purposes under management by Chicago Atlantic BDC Advisers, LLC.
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