secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001104659-23-101269
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923101269/0001104659-23-101269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923101269/tm2326231d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101269

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