CION Investment Corp. Files 8-K for Material Definitive Agreement
Ticker: CICB · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1534254
| Field | Detail |
|---|---|
| Company | Cion Investment Corp (CICB) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $150.0 million, $22.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
CION filed an 8-K for a new material agreement. Keep an eye on this.
AI Summary
CION Investment Corp. entered into a material definitive agreement on September 26, 2024. The company, incorporated in Maryland, filed its 8-K report on October 1, 2024, with its principal executive offices located at 100 Park Avenue, New York, NY. The filing pertains to a current report under the Securities Exchange Act of 1934.
Why It Matters
This filing indicates a significant new contract or deal for CION Investment Corp., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- CION Investment Corp. (company) — Registrant
- September 26, 2024 (date) — Date of earliest event reported
- October 1, 2024 (date) — Filing Date
- 100 Park Avenue, 25th Floor New York, New York 10017 (address) — Principal Executive Offices
FAQ
What type of material definitive agreement did CION Investment Corp. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on September 26, 2024.
When was this 8-K filing submitted to the SEC?
The 8-K filing was submitted on October 1, 2024.
What is CION Investment Corp.'s state of incorporation?
CION Investment Corp. is incorporated in Maryland.
Where are CION Investment Corp.'s principal executive offices located?
The principal executive offices are located at 100 Park Avenue, 25th Floor, New York, New York 10017.
What is the earliest event date reported in this 8-K filing?
The earliest event date reported is September 26, 2024.
Filing Stats: 669 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-09-30 18:14:33
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share CION The New York Stock E
- $150.0 million — onnection with the issuance and sale of $150.0 million aggregate principal amount of CION's 7.
- $22.5 million — option to purchase up to an additional $22.5 million in aggregate principal amount of the No
Filing Documents
- tm2425139d2_8k.htm (8-K) — 26KB
- tm2425139d2_ex1-1.htm (EX-1.1) — 226KB
- 0001104659-24-104431.txt ( ) — 472KB
- cion-20240926_lab.xml (EX-101.LAB) — 33KB
- cion-20240926_pre.xml (EX-101.PRE) — 22KB
- cion-20240926.xsd (EX-101.SCH) — 3KB
- tm2425139d2_8k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement Underwriting Agreement On September 26, 2024, CON Investment Corporation ("CION") entered into an underwriting agreement (the "Underwriting Agreement") with CION Investment Management, LLC, CION's investment adviser, and Keefe, Bruyette & Woods, Inc., as representative of each of the several underwriters named in Schedule A thereto, in connection with the issuance and sale of $150.0 million aggregate principal amount of CION's 7.50% Notes due 2029 (the "Notes"). The closing of this offering (the "Offering") is expected to occur on October 3, 2024, subject to customary closing conditions. CION also granted the underwriters a 30-day option to purchase up to an additional $22.5 million in aggregate principal amount of the Notes to cover overallotments, if any. The Offering was made pursuant to CION's effective shelf registration statement on Form N-2 (Registration No. 333-278658) previously filed with the Securities and Exchange Commission, as supplemented by a preliminary prospectus supplement dated September 26, 2024 and a final prospectus supplement dated September 26, 2024. This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 Underwriting Agreement, dated as of September 26, 2024, by and among CON Investment Corporation, CION Investment Management, LLC and Keefe, Bruyette & Woods, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 30, 2024 CON INVESTMENT CORPORATION By: /s/ Michael A. Reisner Michael A. Reisner Co-Chief Executive Officer