Mon Sep 23 21:00:00 UTC 2024: ## Silver Spike Investment Corp. to Acquire Loan Portfolio, Rename to Chicago Atlantic BDC

**NEW YORK, Sept. 23, 2024** – Silver Spike Investment Corp. (SSIC), a specialty finance company focused on middle-market investments, announced today that its shareholders have approved the acquisition of a loan portfolio from Chicago Atlantic Loan Portfolio, LLC (CALP). The acquisition, known as the “Loan Portfolio Acquisition,” will see SSIC issue new shares of common stock in exchange for the CALP Loan Portfolio.

The shareholders also voted to elect Frederick C. Herbst, John Mazarakis, and Jason Papastavrou to the board of directors and approved a new investment advisory agreement with Silver Spike Capital, LLC (SSC).

Following the acquisition, SSIC will be renamed “Chicago Atlantic BDC, Inc.” and its ticker symbol will change to “LIEN.” The transaction is expected to close as soon as practicable, subject to customary closing conditions.

“We are excited about the opportunity to leverage our increased scale to further our investment strategy in attractive cannabis and other middle-market companies,” said Scott Gordon, Chairman and Chief Executive Officer of SSIC. “We believe this acquisition will drive sustainable growth and value for our shareholders.”

Chicago Atlantic BDC, Inc. will focus on maximizing risk-adjusted returns for its shareholders by investing in direct loans to privately held middle-market companies, with a particular emphasis on cannabis and other companies in the health and wellness sector. The company is managed by SSC, an investment manager specializing in the cannabis and alternative health and wellness industries.

**About Silver Spike Investment Corp.**

Silver Spike Investment Corp. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, and has elected to be treated as a regulated investment company for U.S. federal income tax purposes. The Company’s investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a focus on cannabis companies and other companies in the health and wellness sector. The Company is managed by SSC, an investment manager focused on the cannabis and alternative health and wellness industries. For more information, please visit ssic.silverspikecap.com.

**Forward-Looking Statements**

This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. Investors are advised to consult the Company’s public filings with the Securities and Exchange Commission (SEC) for a complete discussion of these risks and uncertainties.

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