UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition.
On May 3, 2023, Silver Spike Investment Corp. (“SSIC”) issued a press release announcing that it will (i) report its financial results for the quarter ended March 31, 2023 after market close on Thursday, May 11, 2023, and (ii) discuss those financial results in an earnings conference call and webcast at 8:00 a.m. Eastern Time on Friday, May 12, 2023. This press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On May 8, 2023, SSIC issued a press release announcing that it led and participated in the $35 million initial close of a senior secured credit facility to Dreamfields Brands, Inc. This press release is included as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description |
|
Description |
| 99.1 | ||
| 99.2 | ||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Silver Spike Investment Corp. | ||
| May 8, 2023 | ||
| By: | /s/ Umesh Mahajan | |
| Name: | Umesh Mahajan | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
Silver Spike Investment Corp. Announces First Quarter 2023 Financial Results Conference Call
NEW YORK, May 3, 2023 (GLOBENEWSWIRE)— 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 first quarter ended March 31, 2023, after market close on Thursday, May 11, 2023.
SSIC will host a conference call and webcast to discuss the Company's financial results at 8:00 a.m. Eastern Time on Friday, May 12, 2023. Participants may register for the call here. A live webcast of the call will also be available on the SSIC website at ssic.silverspikecap.com.
A replay of the call will be available at ssic.silverspikecap.com by end of day May 12, 2023.
Call Details – Silver Spike Investment Corp. First Quarter 2023 Financial Results:
| · | When: Friday, May 12, 2023 |
| · | Time: 8:00 a.m. ET |
| · | Webcast Live Stream: https://edge.media-server.com/mmc/p/bkqibapv |
| · | Replay: ssic.silverspikecap.com |
About Silver Spike Investment Corp.
Silver Spike Investment Corp. (“SSIC”) is a specialty finance company formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to cannabis companies. SSIC has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. SSIC is managed by Silver Spike Capital, LLC, an investment manager focused on the cannabis and alternative health and wellness industries.
Forward-Looking Statements
Certain information contained herein may constitute “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about SSIC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond SSIC’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in SSIC’s filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which SSIC makes them. SSIC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Contacts
Investors: Bill Healy
bill@silverspikecap.com
212-905-4933
Media: Alan Oshiki and Sydney Gever
Abernathy MacGregor
Silverspikecapital@abmac.com
212-371-5999
Exhibit 99.2
Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to Dreamfields Brands, Inc. (Jeeter)
NEW YORK, NY, May 8, 2023 (GLOBENEWSWIRE) – Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”) led and participated in the $35 million initial close of a senior secured credit facility to Dreamfields Brands, Inc. (“DreamFields”), a leading multi-state cannabis operator, and one of the fastest growing companies in the cannabis industry, through its Jeeter brand.
“We are thrilled to support DreamFields and Jeeter as they expand operations across several new states and continue to build brand momentum with cannabis consumers, and we look forward to the opportunity to expand the credit facility as the company continues its strong performance. SSIC has been very deliberate and methodical in deploying its capital and is pleased to add another leading brand and an experienced operator to its investment portfolio,” said Umesh Mahajan, Silver Spike Capital’s Co-Head of Credit.
About Silver Spike Investment Corp.
Silver Spike Investment Corp. (“SSIC”) is a specialty finance company formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to cannabis companies. SSIC has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. SSIC is managed by Silver Spike Capital, LLC, an investment manager focused on the cannabis and alternative health and wellness industries.
Forward-Looking Statements
Certain information contained herein may constitute “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about SSIC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond SSIC’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in SSIC’s filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which SSIC makes them. SSIC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Contacts
Investors:
Bill Healy
Bill@silverspikecap.com
212-905-4933
Media:
Alan Oshiki and Sydney Gever
Abernathy MacGregor
Silverspikecapital@abmac.com
212-371-5999