---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-101269"
form_type: "8-K"
ticker: "CION"
cik: "0001534254"
company_name: "CION Investment Corp"
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:15:21.874983+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# CION shareholders approve issuance of up to 25% of shares below NAV

## Summary
- Proposal authorized: sell common stock up to 25% of outstanding shares at below NAV for 12 months.
- Vote: 20,133,352 For, 7,847,103 Against, 1,784,884 Abstentions; no broker non-votes.
- Meeting reconvened Sept 15 after July 27 adjournment to gather more votes; 29.8M of 54.7M shares voted.
- Approval gives board flexibility for potential capital raising, subject to limitations in proxy.

## SEC filing metadata
- accession: 0001104659-23-101269
- form_type: 8-K
- ticker: CION
- cik: 0001534254
- company_name: CION Investment Corp
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534254/000110465923101269/0001104659-23-101269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534254/000110465923101269/tm2326231d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-101269
- JSON: https://secwatch.observer/filing/0001104659-23-101269.json
- Plain text: https://secwatch.observer/filing/0001104659-23-101269.txt

## Key facts
- Shareholder Votes
  CION Investment Corp shareholders approved To authorize flexibility for CION, with the approval of CION's board of directors, to offer and sell shares of common stock, up to 25% of CION's outstanding shares, at a price below net asset value during the 12 months following shareholder approval at the 2023-09-15 meeting.
  - Outcome: passed
  - Meeting: 2023-09-15
  source text: Proposal No. 2 – to authorize flexibility for CION, with the approval of CION’s board of directors, to offer and sell shares of common stock, up to 25% of CION’s outstanding shares, at a price below net asset value during the 12 months following shareholder approval, subject to certain limitations described in the proxy statement (the “Share Issuance Proposal”). The Share Issuance Proposal was approved by CION’s shareholders at the reconvened Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534254/000110465923101269/0001104659-23-101269-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.