CION Investment Corp. 7.5 % Notes 2026-31.03.31
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $414.2M
- Price
- $24.16
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.35%
- Volume
- 29.0K
About
CION Investment Corp. operates as a closed-end management investment company, specializing in the provision of capital through senior secured debt to middle-market businesses across the United States. Its primary objective is to deliver both consistent income and long-term capital appreciation for its investors. The firm was established on August 9, 2011, and its headquarters are situated in New York, NY.
Quick stats
Shares outstanding49.2M
Computed float48.9M
Float / shares99.4%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001534254
Websitehttp://www.cionbdc.com
AI Summary
AI-generated1/34
standardbullishacquisition merger
CION: 8-K · acquisition merger
CION Investment Corporation disclosed that portfolio company David's Bridal signed a non-binding letter of intent with SPAC K&F Growth Acquisition Corp. II to take Pearl, David's Bridal's AI-powered wedding planning platform, public via business combination at a $350 million pro forma enterprise value.
The transaction contemplates a $75 million PIPE with a proposed $25 million anchor investment from CION, David's Bridal's largest shareholder. Pearl is forecast to post greater than 30% EBITDA margins in 2026 and project revenue above $85 million in 2027, implying roughly 9.3x projected 2027 EBITDA.
The deal is non-binding and expected to close in the first half of 2027, contingent on definitive documentation, shareholder approvals, and K&F's extension vote on November 3, 2026. For CION, the transaction represents a potential monetization and value-realization event on a portfolio holding, plus a new $25 million investment commitment.
Red flags
- Non-binding LOI — no definitive agreement; deal may not be consummated
- Proposed $25M CION anchor investment is subject to negotiation of definitive documentation
- K&F shareholder extension vote (Nov 3, 2026) carries redemption risk
- Pearl financial projections are unaudited management forecasts