Silver Spike Investment Corp. Award Initial Public Offering

NEW YORK–(BUSINESS WIRE)–Silver Spike Investment Corp. (“SSIC”), a newly incorporated closed-end investment company that has elected to be treated as a business development company, today announced that it has priced its initial public offering of 6,071,429 shares of its common stock at $14.00 per share. SSIC’s common stock is expected to begin trading on the NASDAQ stock market on February 4, 2022 under the symbol “SSIC”. SSIC has also granted the underwriters an option to purchase up to an additional 910,714 shares of its common stock. The closing of the offering is subject to customary closing conditions and the shares are expected to be delivered on or about February 8, 2022.

SSIC will be managed by Silver Spike Capital, LLC. SSIC’s investment objective will be to maximize risk-adjusted returns on equity for its shareholders. SSIC intends to achieve its investment objective by investing primarily in secured debt securities, unsecured debt securities, equity warrants and direct equity investments in market cannabis companies. intermediary and other health and wellness companies.

SSIC intends to use the net proceeds of this offering to make investments in accordance with its investment objective and strategies and for general corporate purposes.

Stifel and Piper Sandler are acting as joint bookrunners for the offering. Canaccord Genuity and Cantor act as co-investment managers.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission (the “SEC”) and declared effective.

Investors are advised to carefully consider SSIC’s investment objectives, risks and charges and expenses before investing. The preliminary prospectus, dated February 1, 2022, contains this and other information about SSIC and should be read carefully before investing. The information contained in the Registration Statement, Preliminary Prospectus and herein is not complete and is subject to change.

This press release will not constitute an offer to sell or the solicitation of an offer to buy the securities described above and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of such state or territory. Offers of these securities are made only by means of the preliminary prospectus. The SEC has not approved or disapproved of these securities or passed on the adequacy of the preliminary prospectus. Any representation to the contrary is a criminal offence.

The offering of these securities will only be made by means of a preliminary prospectus forming part of the registration statement, copies of which may be obtained from: Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by email at [email protected] and Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by phone at (800) 747-3924, or by email at [email protected]

About Silver Spike Investment Corp.

Silver Spike Investment Corp. (“SSIC”) is a newly created specialty finance company to invest in the cannabis ecosystem through direct loan investments and equity participation in private cannabis companies. SSIC has elected to be treated as a business development company under the Investment Companies Act 1940, as amended. SSIC will be managed by Silver Spike Capital, LLC. Silver Spike Capital, LLC is an investment manager focused on the cannabis and alternative health and wellness industries.

Forward-looking statements

Certain information contained herein may constitute “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and should not be unduly relied upon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections regarding SSIC, its current and potential portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “plans”, “expects”, “intends”, “plans”, “will”, “may”, “continues”, “believes”, “seeks”, “estimates” , “would”, “could”, “should”, “targets”, “projects”, “outlook”, “potential”, “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond SSIC’s control and are difficult to predict and could cause actual results to differ materially from those expressed or anticipated. in forward-looking statements, including, without limitation, the risks, uncertainties and other factors identified in SSIC’s filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date SSIC makes them. SSIC undertakes no obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.

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