Silver Spike, a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies. Silver Spike’s investment objective is to maximize risk-adjusted returns on equity for its shareholders by investing primarily in secured and unsecured debt in cannabis companies and other companies in the health and wellness sector. Silver Spike is managed by Silver Spike Capital, LLC, an investment manager focused on the cannabis and alternative health and wellness industries. For more information, please visit https://ssic.silverspikecap.com/.
Company profile
Ticker
SSIC
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK
SSIC stock data
Latest filings (excl ownership)
N-14 8C/A
Registration statement for closed-end investment company (amended)
18 Jun 24
425
Business combination disclosure
13 May 24
425
Business combination disclosure
9 May 24
425
Business combination disclosure
9 May 24
8-K
Silver Spike Investment Corp. Reports First Quarter 2024 Financial Results and Announces Cash Dividend of $0.25 Per Share
9 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Silver Spike Investment Corp. Announces First Quarter 2024 Financial Results Conference Call
1 May 24
DEFA14A
Additional proxy soliciting materials
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
N-14 8C
Registration statement for closed-end investment company
12 Apr 24
Latest ownership filings
3
Umesh Mahajan
17 Mar 23
SC 13G/A
Graticule Asia Macro Advisors LLC
14 Feb 23
SC 13G/A
Silver Spike Capital, LLC
1 Feb 23
4
Scott Gordon
6 Sep 22
4
Gregory M. Gentile
6 Sep 22
4
Scott Gordon
31 Aug 22
4
Gregory M. Gentile
31 Aug 22
SC 13G
Silver Spike Capital, LLC
4 Mar 22
SC 13G/A
Luxor Capital Group, LP
14 Feb 22
SC 13G
Graticule Asia Macro Advisors LLC
14 Feb 22
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Mar 22 | |
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Revenue | |||
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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) | 33.16 mm | 33.16 mm | 33.16 mm | 33.16 mm | 33.16 mm | 33.16 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.51 mm | 380.70 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 4.11 mm | 1.04 mm | n/a | n/a |
Cash remaining | n/a | n/a | 29.05 mm | 32.12 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 19.3 | 84.4 | n/a | n/a |
Institutional ownership, Q2 2023
77.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 7 |
Opened positions | 4 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 1.99 bn |
Total shares | 4.83 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Silver Spike Capital | 4.50 mm | $0.00 |
Jacobs Asset Management | 177.84 k | $1.45 bn |
Penserra Capital Management | 82.92 k | $674.00 k |
Capstone Investment Advisors | 50.38 k | $411.89 mm |
Susquehanna International | 14.17 k | $115.23 mm |
UBS UBS Group AG - Registered Shares | 2.18 k | $17.84 mm |
RY Royal Bank Of Canada | 115.00 | $1.00 mm |
Proequities | 0.00 | $0.00 |
News
Cannabis Chart Of The Week: Lenders Vs. Borrowers – The Wisdom Of Diversification
17 Jun 24
Cannabis Chart Of The Week: Are Ancillary Sectors Participating In The Rescheduling Price Upswing?
20 May 24
Pot-Focused Finance Company Reports Higher Investment Income, Projects 'Increase In Cannabis Capital Markets Activity' Following DEA Rescheduling
10 May 24
Silver Spike Investment Q1 EPS $(0.01) Down From $0.22 YoY, Sales $2.76M Up From $2.46M YoY
9 May 24
Mortgage And Property Finance Giant's $354M Portfolio: Growth Amid Cannabis Sector Volatility
12 Apr 24
Press releases
Silver Spike Investment Corp. Reports First Quarter 2024 Financial Results and Announces Cash Dividend of $0.25 Per Share
9 May 24
Silver Spike Investment Corp. Announces First Quarter 2024 Financial Results Conference Call
25 Apr 24
Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial Results
27 Mar 24