Sound Point Meridian Capital Inc
- 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.)
- $169.8M
- Price
- $8.23
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.24%
- Volume
- 17.3K
About
Sound Point Meridian Capital, LLC functions as a closed-end investment firm based in the United States. The company's primary investment strategy involves allocating capital to the equity and mezzanine layers of collateralized loan obligations (CLOs). These CLOs are backed by diversified pools of predominantly lower-rated, U.S. senior secured debt. Established in 2022, its operations are headquartered in New York, New York.
Quick stats
Shares outstanding20.6M
Computed float5.3M
Float / shares25.8%
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.)0001930147
AI Summary
AI-generated1/20
standardmixedoffering
South Pacific Metals Announces Closing of C$20 Million Marketed Equity Offering
South Pacific Metals closed a C$20 million best-efforts private placement of 24,107,000 units at C$0.83, with BMO Capital Markets as lead agent and full exercise of the agents' option.
Each unit includes a 24-month warrant at C$1.40, with company acceleration rights if shares trade above C$1.80 for 20 consecutive days after the 12-month anniversary.
Net proceeds fund expanded exploration and general corporate purposes across the company's four Papua New Guinea gold-copper properties; the deal is dilutive but strengthens the exploration budget, and a small related-party subscription was disclosed under MI 61-101.
Red flags
- 24.1M new shares plus warrants create significant dilution for a junior explorer
- C$1.2M agent commission (~6% of gross proceeds)
- related party participation ($49,800) disclosed under MI 61-101