SEC Filing Summary: Silver Spike Investment Corp. (SSIC)
Business Context and Reporting Period
This Form 8-K was filed by Silver Spike Investment Corp. (SSIC) on May 8, 2023, covering events occurring between May 3, 2023, and May 8, 2023. The registrant is a business development company listed on The Nasdaq Stock Market LLC under the symbol SSIC. Note: The request metadata referenced "Chicago Atlantic BDC, Inc.," but the filing text explicitly identifies the registrant as Silver Spike Investment Corp.
Key Financial Metrics
The filing does not contain specific financial results, revenue, profit, cash flow, or balance sheet data for the quarter ended March 31, 2023. It serves as a notification of upcoming reporting and a specific investment transaction.
- Investment Activity: SSIC led and participated in the initial close of a $35 million senior secured credit facility to Dreamfields Brands, Inc. on May 8, 2023.
- Liquidity and Debt: No specific figures regarding SSIC's own liquidity or debt levels are provided in this text.
Material Changes and Events
The primary material event disclosed is the $35 million credit facility investment in Dreamfields Brands, Inc. Additionally, the company announced the schedule for its first-quarter 2023 financial results, which are not yet included in this filing.
Guidance, Outlook, and Management Commentary
SSIC announced it will report financial results for the quarter ended March 31, 2023, after market close on Thursday, May 11, 2023. An earnings conference call and webcast are scheduled for Friday, May 12, 2023, at 8:00 a.m. Eastern Time. The filing explicitly states that the information furnished in Item 2.02 and the associated press releases shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the actual financial results for the quarter ended March 31, 2023, once released on May 11, 2023.
- Review the full terms of the $35 million senior secured credit facility to Dreamfields Brands, Inc. in the press release dated May 8, 2023 (Exhibit 99.2).
- Confirm the company's current portfolio composition and liquidity position in the upcoming quarterly report, as this 8-K does not provide those details.
- Note the distinction between the registrant (Silver Spike Investment Corp.) and the entity mentioned in the request metadata (Chicago Atlantic BDC, Inc.).