CION Investment Corp 2025年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number814-00941 CĪON Investment Corporation (Exact name of registrant as specified in its charter) 45-3058280(I.R.S. Employer Maryland(State or other jurisdiction of incorporation or organization) 100 Park Avenue, 25th FloorNew York, New York(Address of principal executive offices) 10017(Zip Code) (212)418-4700(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared orissued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ The aggregate market value of the voting common stock held by non-affiliates of the registrant on June 30, 2025, based on the closing price on June30, 2025 of $9.57 on the New York Stock Exchange, was approximately $497,804,458. The number of shares of the registrant’s common stock, $0.001 par value, outstanding as of March4, 2026 was 50,496,524. Documents Incorporated by Reference.None. CĪON INVESTMENT CORPORATIONFORM 10-KTABLE OF CONTENTS PART IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPART IIItem 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity SecuritiesItem 6. [RESERVED]Item 7. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 7A. Quantitative and Qualitative Disclosures about Market RiskItem 8. Consolidated Financial Statements and Supplementary DataItem9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure169Item9A. Controls and Procedures169Item9B. Other Information170Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections170PART IIIItem10. Directors, Executive Officers and Corporate Governance171Item11. Executive Compensation179Item12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters179Item13. Certain Relationships and Related Transactions, and Director Independence181Item14. Principal Accountant Fees and Services183PART IVItem15. Exhibits and Financial Statement Schedules185Item 16. Form 10-K Summary189Signatures190 PART I Forward-Looking Statements S