Silver Spike Investment announces shareholder approval of loan portfolio deal

Silver Spike Investment Corp. announced that the stockholders of the company have voted at the company’s special meeting of stockholders held today to approve the proposal related to the company’s acquisition from Chicago Atlantic Loan Portfolio, LLC of a portfolio of loans in exchange for newly-issued shares of SSIC‘s common stock. At the Special Meeting, the stockholders of the company also voted to approve: (a) the election of Frederick C. Herbst, John Mazarakis, and Jason Papastavrou to the board of directors of the company, to serve until the 2025, 2026, and 2027 annual meetings of stockholders, respectively, and until their respective successors are duly elected and qualified; and (b) a new investment advisory agreement by and between the company and Silver Spike Capital, LLC, which has the same base management and incentive fee as, and otherwise does not materially differ from, the current investment advisory agreement by and between the company and SSC, because the current investment advisory agreement may be deemed to terminate as a result of a transaction involving a change in the ownership of SSC.