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     121  0 Kommentare Sound Point Meridian Capital, Inc. Announces Closing of Initial Public Offering

    Sound Point Meridian Capital, Inc. (NYSE: SPMC) (the “Company”) today announced the closing of its previously announced initial public offering of 4,000,000 shares of common stock at a public offering price of $20.00 per share, for net proceeds to the Company of approximately $79.7 million after payment of certain offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments, if any. Sound Point Meridian Management Company, LLC, the Company’s investment adviser, or its affiliates will pay the full amount of the sales load in connection with this initial public offering and all of the Company’s organizational expenses.

    The Company intends to use the proceeds from the offering of its common stock to acquire investments in accordance with its investment objectives and strategies and for general working capital purposes. On a pro forma basis, after giving effect to the sale of 4,000,000 shares and the payment of certain offering expenses as described above, and assuming no exercise of the underwriters’ option to purchase additional shares, the Company’s net asset value would be $400.1 million.

    Shares of the Company’s common stock began trading on the New York Stock Exchange under the symbol “SPMC” on June 14, 2024.

    Oppenheimer & Co. Inc., B. Riley Securities, Inc., Janney Montgomery Scott LLC and Piper Sandler & Co. acted as joint book-running managers for the offering. Clear Street LLC and Wedbush Securities Inc. acted as co-managers for the offering.

    Investors should consider the Company’s investment objectives, risks, charges and expenses carefully before investing. The final prospectus, which has been filed with the Securities and Exchange Commission (“SEC”), contains this and other information about the Company and should be read carefully before investing. The final prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted.

    A registration statement relating to these securities is on file with and has been declared effective by the SEC. Copies of the final prospectus may be obtained by writing Oppenheimer & Co. Inc., Attn: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, by calling (212) 667-8055, or by sending an e-mail to EquityProspectus@opco.com. Copies may also be obtained by visiting EDGAR on the SEC’s website at www.sec.gov.

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    Sound Point Meridian Capital, Inc. Announces Closing of Initial Public Offering Sound Point Meridian Capital, Inc. (NYSE: SPMC) (the “Company”) today announced the closing of its previously announced initial public offering of 4,000,000 shares of common stock at a public offering price of $20.00 per share, for net proceeds to …