Silver Spike Investment closes IPO

Silver Spike Investment Corp. closed its IPO of 6,071,429 shares of its common stock at a price to the public of $14.00 per share.

The IPO closed Feb. 8. The company's shares began trading on the Nasdaq Stock Market Feb. 4 under the symbol SSIC.

Silver Spike Investment received net proceeds of approximately $83.3 million from the offering, after deducting estimated organizational and offering expenses. The company intends to use the proceeds to make investments in "accordance with its investment objective and strategies and for general corporate purposes," according to the news release.

Stifel and Piper Sandler acted as joint bookrunning managers for the offering. Canaccord Genuity and Cantor acted as co-managers for the offering.