other material
confidence high
sentiment neutral
materiality 0.15
CION shareholders approve share issuance below NAV up to 25% of outstanding
CION Investment Corp
- Share Issuance Proposal approved: 20,555,400 for, 5,740,511 against, 1,527,353 abstentions.
- Authorization allows CION to sell shares at price below net asset value for 12 months.
- Maximum issuance capped at 25% of outstanding shares, with board approval required.
- Meeting reconvened Aug 27 after adjournment on Jul 29; 28.1M of 53.6M eligible shares voted.