Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sound Point Meridian Capital, Inc. ( (SPMC) ) has issued an announcement.
On October 6, 2025, Sound Point Meridian Capital, Inc. entered into an equity distribution agreement allowing the company and its selling stockholder to issue and sell up to $100 million in shares through placement agents. The proceeds from this offering are intended to be used for acquiring investments, making distributions to stockholders, and general corporate purposes, including potential debt repayment, which could impact the company’s financial flexibility and market positioning.
The most recent analyst rating on (SPMC) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Sound Point Meridian Capital, Inc. stock, see the SPMC Stock Forecast page.
More about Sound Point Meridian Capital, Inc.
Sound Point Meridian Capital, Inc. operates in the financial services industry, focusing on investment management and administration. The company collaborates with Sound Point Management Company, LLC as its investment adviser and Sound Point Administration LLC as its administrator, indicating a strong emphasis on structured financial strategies and asset management.
Average Trading Volume: 21,284
Technical Sentiment Signal: Strong Buy
Find detailed analytics on SPMC stock on TipRanks’ Stock Analysis page.