Business Context and Reporting Period
This Form 8-K filing by Silver Spike Investment Corp. (SSIC) reports on events occurring on February 25, 2022, with the report dated March 1, 2022. The Company is a Maryland corporation listed on The Nasdaq Stock Market LLC. Note: The request metadata references "Chicago Atlantic BDC, Inc.," but the filing text explicitly identifies the registrant as Silver Spike Investment Corp.
Key Financial Metrics
- Additional Gross Proceeds: Approximately $2 million from the partial exercise of the over-allotment option.
- Total Gross Proceeds (IPO): Approximately $87 million (before deducting offering expenses).
- Total Shares Sold (IPO): 6,214,286 shares of common stock.
- Shares from Over-Allotment: 142,857 shares.
Material Changes
The primary material change is the partial exercise of the underwriters' over-allotment option. This action increased the total number of shares sold in the initial public offering and raised the total gross proceeds from the offering by approximately $2 million compared to the initial closing.
Guidance, Outlook, and Risks
The filing does not provide specific forward-looking guidance, management commentary on future operations, or a discussion of risks and contingencies beyond the standard disclosure of the transaction. The document focuses solely on the mechanics and financial result of the over-allotment exercise.
Investor Verification Checklist
- Verify the final net proceeds after deducting offering expenses, as the filing only states gross proceeds.
- Confirm the use of proceeds from the $87 million total gross amount.
- Review the Company's subsequent filings for the final capitalization table and any remaining unexercised over-allotment options.