Item 8.01. Other Events.

On June 24, 2022, the board of directors of C?ON Investment Corporation ("CION"), including the independent directors, increased the amount of shares of CION common stock that may be repurchased under its existing Share Repurchase Policy (the "Policy") by $10 million to up to an aggregate of $60 million. Additionally, CION will enter into a trading plan adopted in accordance with Rule 10b5-1 (the "10b5-1 Repurchase Plan") of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to facilitate repurchases under the Policy during its first available trading window after the final one-third of CION's common stock becomes available for trading on the New York Stock Exchange on July 5, 2022.

Under the Policy, CION expects to purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at CION's discretion. Factors are expected to include, but are not limited to, share price, trading volume and general market conditions, along with CION's general business conditions. The Policy may be suspended or discontinued at any time and does not obligate CION to acquire any specific number of shares of its common stock.

The 10b5-1 Repurchase Plan will be entered into by CION and adopted in accordance with Rule 10b5-1 of the Exchange Act based in part on historical trading data with respect to its shares. The 10b5-1 Repurchase Plan would permit common stock to be repurchased at a time that CION might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 Repurchase Plan will be administered by an independent broker and will be subject to price, market volume and timing restrictions.

On June 27, 2022, CION issued a press release announcing this increase in the amount of shares CION may repurchase under the Policy. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information disclosed under this Item 8.01, including Exhibit 99.1 hereto, is being "furnished" and shall not be deemed "filed" by CION for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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