CION Investment Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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Sep 30, 2024 · Filed Nov 7, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended September 30, 2024
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from __________ to __________
Commission File Number 000-54755
CĪON Investment Corporation
(Exact name of registrant as specified in its charter)
| Maryland | 45-3058280 |
|---|---|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |
| 100 Park Avenue, 25th FloorNew York, New York | 10017 |
| (Address of principal executive offices) | (Zip Code) |
(Registrant’s telephone number, including area code)
Not applicable
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common stock, par value $0.001 per share | CION | The New York Stock Exchange |
| 7.50% Notes due 2029 | CICB | The New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☒ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes☐ No ☒
The number of shares of the registrant’s common stock, $0.001 par value, outstanding as of October 30, 2024 was 53,285,943.
CĪON INVESTMENT CORPORATION
FORM 10-Q
TABLE OF CONTENTS
| Page | |
|---|---|
| PART I - FINANCIAL INFORMATION | |
| Item 1. Financial Statements | 1 |
| Consolidated Balance Sheets | 1 |
| Consolidated Statements of Operations | 2 |
| Consolidated Statements of Shareholders' Equity | 3 |
| Consolidated Statements of Cash Flows | 4 |
| Consolidated Schedules of Investments | 5 |
| Notes to Consolidated Financial Statements | 28 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 67 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 83 |
| Item 4. Controls and Procedures | 84 |
| PART II – OTHER INFORMATION | |
| Item 1. Legal Proceedings | 85 |
| Item 1A. Risk Factors | 85 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 85 |
| Item 3. Defaults Upon Senior Securities | 85 |
| Item 4. Mine Safety Disclosures | 85 |
| Item 5. Other Information | 85 |
| Item 6. Exhibits | 86 |
| Signatures | 89 |
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