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Benzinga
Benzinga
Business
Nina Zdinjak

Marijuana-Focused Finance Company Silver Spike Investment Announces $125M IPO

Cannabis-focused finance company Silver Spike Investment Corp. announced a $125.02 million initial public offering. The New York-based company confirmed Tuesday that it plans to go public with 8.93 million shares at $14.00 per share. SSIC is expected to list its common stock on the NASDAQ under the symbol “SSIC.”

Spike Silver intends to use the net proceeds to make investments in accordance with its investment objective and strategies and for general corporate purposes.

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