Company research
Chicago Atlantic BDC, Inc.
CIK 1843162Updated Sep 24, 2026
SecurityLIEN · NASDAQ · equity
Name history
Silver Spike Investment Corp. · through Sep 27, 2024
LIEN price & chart
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NASDAQ:LIEN on TradingView ↗About the company
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. REFI is managed by Chicago Atlantic REIT Manager, LLC, an investment manager focused on the cannabis industry and other niche or underfollowed sectors, please visit https://www.refi.reit/.
In the news
Chicago Atlantic BDC, Inc. Declares $0.34 Cash Dividend for Second Quarter 2026 ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -20,477,731Source | -5,034,633Source | 5,749,532Source | -509,110Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -519,923Source | -3,644,596Source | -8,263,217Source | 85,275,170Source |
| Payments of Ordinary Dividends, Common StockUSD | 23,274,682Source | 12,419,330Source | 8,263,217Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,934,752Source | 23,932,406Source | 32,611,635Source | 84,766,060Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 37,979Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 628,985Source | — | — | — |
| Depreciation, Amortization and Accretion, NetUSD | -2,700,864Source | -1,101,295Source | -810,554Source | 0Source |
| General and Administrative ExpenseUSD | 4,634,672Source | 700,000Source | 0Source | 328,002Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 33,279,179Source | 9,622,538Source | 7,340,108Source | — |
| Net Income (Loss) Attributable to ParentUSD | 33,279,179Source | — | -923,111Source | -563,365Source |
| Payments of Financing CostsUSD | 1,154,310Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 9,049,462Source | 0Source | 85,275,170Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net Income (Loss) Attributable to ParentUSD | 33,279,179Source | — | -923,111Source | -563,365Source |
| Earnings Per Share, BasicUSD per share | 1.46Source | 0.93Source | 1.18Source | -0.64Source |
| Earnings Per Share, DilutedUSD per share | 1.46Source | 0.93Source | 1.18Source | -0.64Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 22,820,489Source | 10,343,621Source | 6,214,682Source | 877,409Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 22,820,489Source | 10,343,621Source | 6,214,682Source | 877,409Source |
| Additional Financial Items | ||||
| Business Combination, Acquisition Related CostsUSD | 0Source | 5,341,779Source | 711,264Source | — |
| General and Administrative ExpenseUSD | 4,634,672Source | 700,000Source | 0Source | 328,002Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 33,279,179Source | 9,622,538Source | 7,340,108Source | — |
| InterestExpenseOperatingUSD | 1,249,657Source | — | — | — |
| Interest Income (Expense), NetUSD | — | — | 10,926,095Source | 10,073Source |
| Interest Income, OperatingUSD | 49,268,175Source | — | — | 10,073Source |
| Investment Income, NetUSD | — | — | -8,265,537Source | — |
| Management Fee ExpenseUSD | 5,452,521Source | 1,504,239Source | 1,013,764Source | 0Source |
| Net Investment IncomeUSD | 33,071,249Source | 9,451,017Source | 6,628,844Source | -563,365Source |
| Other Cost and Expense, OperatingUSD | 626,891Source | 430,254Source | 85,953Source | 6,808Source |
Filing attachments
ea030179101ex99-1.htm · 8-K · 2026-08-13
EX-99.1 2 ea030179101ex99-1.htm PRESS RELEASE, DATED AUGUST 13, 2026 Exhibit 99.1 Chicago Atlantic BDC, Inc. Reports Second Quarter 2026 Financial Results NEW YORK, August 13, 2026 - Chicago Atlantic BDC, Inc. (“LIEN” or the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the second quarter ended June 30, 2026. Operating Highlights …
Read attachment ↗ea030179101ex99-2.htm · 8-K · 2026-08-13
EX-99.2 3 ea030179101ex99-2.htm EARNINGS PRESENTATION, DATED AUGUST 13, 2026 Exhibit 99.2 CONFIDENTIAL | Chicago Atlantic BDC, Inc. Second Quarter 2026 Earnings Presentation Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) August 13, 2026 CONFIDENTIAL | Chicago Atlantic BDC, Inc. 2 The information contained in this presentation should be viewed in conjunction with the earnings conference call of Chicago Atlantic BDC, Inc. (the "Company") (Nasdaq: LIEN) held on August 13, 2026, and the Company's Q…
Read attachment ↗ea029515901ex99-1.htm · 8-K · 2026-06-18
EX-99.1 5 ea029515901ex99-1.htm JOINT PRESS RELEASE, DATED JUNE 18, 2026 Exhibit 99.1 Chicago Atlantic Real Estate Finance, Inc. and Chicago Atlantic BDC, Inc. Announce Definitive Merger Agreement Creates a scaled BDC positioned for growth while maintaining industry leading credit quality and portfolio yield NEW YORK, June 18, 2026 - Chicago Atlantic Real Estate Finance, Inc. (“REFI”) (NASDAQ: REFI), a commercial mortgage real estate investment trust, and Chicago Atlantic BDC, Inc. (the “…
Read attachment ↗ea029515901ex99-2.htm · 8-K · 2026-06-18
EX-99.2 6 ea029515901ex99-2.htm INVESTOR PRESENTATION, DATED JUNE 18, 2026 Exhibit 99.2 CONFIDENTIAL | Chicago Atlantic BDC, Inc. Chicago Atlantic BDC, Inc. ("LIEN") & Chicago Atlantic Real Estate Finance, Inc. ("REFI") Overview of Proposed Merger Between LIEN and REFI June 18, 2026 CONFIDENTIAL | Chicago Atlantic BDC, Inc. 2 The information contained in this presentation should be viewed in conjunction with the Agreement and Plan of Merger (the "Merger Agreement") among LIEN, REFI (togeth…
Read attachment ↗ea029069801ex99-1.htm · 8-K · 2026-05-14
EX-99.1 2 ea029069801ex99-1.htm PRESS RELEASE, DATED MAY 14, 2026 Exhibit 99.1 Chicago Atlantic BDC, Inc. Reports First Quarter 2026 Financial Results NEW YORK, May 14, 2026 --- Chicago Atlantic BDC, Inc. (“LIEN” or the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Total gross investment income of …
Read attachment ↗ea029069801ex99-2.htm · 8-K · 2026-05-14
EX-99.2 3 ea029069801ex99-2.htm EARNINGS PRESENTATION, DATED MAY 14, 2026 Exhibit 99.2 CONFIDENTIAL | Chicago Atlantic BDC, Inc. First Quarter 2026 Earnings Presentation Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) May 14, 2026 CONFIDENTIAL| Chicago Atlantic BDC, Inc. 2 The information contained in this presentation should be viewed in conjunction with the earnings conference call of Chicago Atlantic BDC, Inc. (the "Company") (Nasdaq: LIEN) held on May 14, 2026, and the Company's Quarterly Re…
Read attachment ↗