Silver Spike Investment (SSIC)

Company Profile

Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.

Company profile

Ticker

SSIC, LIEN

Exchange

NASDAQ

Website

ssic.silverspikecap.com

CEO

Mr. Scott Charles Gordon

Incorporated

Delaware

Location

New York

Fiscal year end

Jun 30

Industry (SIC)

Sporting & Athletic Goods, NEC

loanDepot • The Bank of N.T. Butterfield & Son Limited • GRAIL • ZTO Express (Cayman) • Excelerate Energy • Acushnet • Southern States Bancshares • Medpace • Seaport Entertainment • Solo Brands ...

Former names

Gemphire Therapeutics Inc.

SEC CIK

0001843162

Corporate docs

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

SSIC stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

8-K

Chicago Atlantic BDC, Inc. Schedules Third Quarter 2024 Financial Results Conference Call

22 Oct 24

8-K

Silver Spike Investment Corp. Completes Loan Portfolio Acquisition

7 Oct 24

8-K

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

26 Sep 24

EFFECT

Notice of effectiveness

3 Sep 24

424B3

Prospectus supplement

30 Aug 24

N-14 8C/A

Registration statement for closed-end investment company (amended)

30 Aug 24

425

Business combination disclosure

12 Aug 24

425

Business combination disclosure

8 Aug 24

425

Business combination disclosure

8 Aug 24

8-K

Silver Spike Investment Corp. Reports Second Quarter 2024 Financial Results and Announces Cash Dividend of $0.25 Per Share

8 Aug 24

Latest ownership filings

View all

SC 13D/A

Chicago Atlantic Loan Portfolio, LLC

15 Oct 24

Change in insider ownership

15 Oct 24

Initial statement of insider ownership

11 Oct 24

SC 13D

Chicago Atlantic Loan Portfolio, LLC

Financial summary

Financial statements Chart SSIC financial data

Quarter (USD)	Jun 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	34.00 mm	34.00 mm	34.00 mm	34.00 mm	34.00 mm	34.00 mm
Cash burn (monthly)	(no burn)	(no burn)	246.84 k	253.96 k	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	1.02 mm	1.05 mm	n/a	n/a
Cash remaining	n/a	n/a	32.99 mm	32.96 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	133.6	129.8	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

SSIC institutional ownership history Ownership history

20.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	7	1	+600.0%
Opened positions	6	0	NEW
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	1.80 bn	0.00	NEW
Total shares	4.74 mm	4.50 mm	+5.2%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Silver Spike Capital	4.50 mm	$0.00	0.0%
Jacobs Asset Management	116.15 k	$1.37 bn	NEW
Penserra Capital Management	82.92 k	$980.00 k	NEW
Intrepid Capital Management	16.89 k	$200.00 mm	NEW
O'shaughnessy Asset Management	14.30 k	$169.25 mm	NEW
WFC Wells Fargo & Company	4.70 k	$55.60 mm	NEW
MS Morgan Stanley	2.00	$27.00 k	NEW
Proequities	0.00	$0.00

Largest transactions	Shares	Bought/sold	Change
Jacobs Asset Management	116.15 k	+116.15 k	NEW
Penserra Capital Management	82.92 k	+82.92 k	NEW
Intrepid Capital Management	16.89 k	+16.89 k	NEW
O'shaughnessy Asset Management	14.30 k	+14.30 k	NEW
WFC Wells Fargo & Company	4.70 k	+4.70 k	NEW
MS Morgan Stanley	2.00	+2.00	NEW
Proequities	0.00	0.00
Silver Spike Capital	4.50 mm	0.00	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.