secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sound Point Meridian Capital, Inc. (SPMC)
CIK:        0001930147
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001829126-24-005544
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Point Meridian posts NAV $19.91, declares $0.22/month distribution; Q2 net loss $0.07/share
--------------------------------------------------------------------------------

- NAV per share $19.91 as of June 30, 2024; net loss of $1.47M ($0.07 per share) for 18-day period since IPO.
- NII of $1.54M ($0.08/share); investment income $2.4M; CLO equity portfolio yield 17.0%.
- Monthly distributions declared at $0.22/share for Oct, Nov, Dec 2024; payable Oct 31, Nov 29, Dec 31.
- Post-quarter: $100M net asset value revolver with CIBC; deployed $45M primary/secondary + $32.8M loan accumulation.
- IPO raised $80M at $20/share (4M shares); overallotment added $3.5M (175k shares).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930147/000182912624005544/0001829126-24-005544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930147/000182912624005544/soundpoint_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-005544

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer