Security
Chicago Atlantic BDC, Inc. Common Stock · LIEN
LIENNASDAQCommon stockCurrentCIK 1843162Updated Nov 14, 2026
Name history
Silver Spike Investment Corp. · through Sep 27, 2024
LIEN price & chart
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NASDAQ:LIEN on TradingView ↗About the company
The Company is a specialty finance company that has elected to be regulated as a business development company under the 1940 Act, and has elected to be treated as a regulated investment company for U.S. federal income tax purposes. The Company’s investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies. The Company is managed by Chicago Atlantic BDC Advisers, LLC (the “Adviser”), an investment manager focused on the cannabis industry and other niche or underfollowed sectors. For more information, please visit chicagoatlanticbdc.com.
In the news
Chicago Atlantic BDC, Inc. Declares $0.34 Cash Dividend for Second Quarter 2026 ↗
Recent filings
425 filing
DEFA14A filing
425 filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -20,829,435Source | -7,264,322Source | -20,477,731Source | -5,034,633Source | 5,749,532Source | -509,110Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 21,240,999Source | -1,746,345Source | -519,923Source | -3,644,596Source | -8,263,217Source | 85,275,170Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 7,759,001Source | 0Source | 23,274,682Source | 12,419,330Source | 8,263,217Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 10,462,366Source | 30,111,563Source | 925,534Source | 13,829,354Source | 3,346,316Source | 14,921,739Source | 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 | — | — | — | — | — | — | 142,235Source | 0Source | 37,979Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | 177,966Source | — | 176,659Source | 170,065Source | 174,718Source | 145,381Source | 628,985Source | — | — | — |
| Depreciation, Amortization and Accretion, NetUSD | — | — | — | — | — | — | -1,393,660Source | -522,907Source | -2,700,864Source | -1,101,295Source | -810,554Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 1,082,419Source | 0Source | 1,142,752Source | 1,366,783Source | 1,212,784Source | 974,477Source | 4,634,672Source | 700,000Source | 0Source | 328,002Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 8,834,061Source | -165,012Source | 6,064,079Source | 8,584,265Source | 8,535,388Source | 7,614,357Source | 33,279,179Source | 9,622,538Source | 7,340,108Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 8,834,061Source | -165,012Source | 6,064,079Source | 8,584,265Source | 8,535,388Source | 7,614,357Source | 33,279,179Source | — | -923,111Source | -563,365Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 500,000Source | 756,700Source | 1,154,310Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 0Source | 9,049,462Source | 0Source | 85,275,170Source |
| InvestmentCompanyDistributionOrdinaryIncome | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
| Operating Expenses | — | — | — | — | — | — | — | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income (Loss) Attributable to ParentUSD | — | — | 8,834,061Source | -165,012Source | 6,064,079Source | 8,584,265Source | 8,535,388Source | 7,614,357Source | 33,279,179Source | — | -923,111Source | -563,365Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.39Source | -0.03Source | 0.27Source | 0.38Source | 0.37Source | 0.33Source | 1.46Source | 0.93Source | 1.18Source | -0.64Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.39Source | -0.03Source | 0.27Source | 0.38Source | 0.37Source | 0.33Source | 1.46Source | 0.93Source | 1.18Source | -0.64Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 22,820,568Source | 6,214,965Source | 22,820,590Source | 22,820,405Source | 22,820,590Source | 22,820,386Source | 22,820,489Source | 10,343,621Source | 6,214,682Source | 877,409Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 22,820,568Source | 6,214,965Source | 22,820,590Source | 22,820,405Source | 22,820,590Source | 22,820,386Source | 22,820,489Source | 10,343,621Source | 6,214,682Source | 877,409Source |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related CostsUSD | — | — | 0Source | 2,429,993Source | — | 0Source | — | 0Source | 0Source | 5,341,779Source | 711,264Source | — |
| General and Administrative ExpenseUSD | — | — | 1,082,419Source | 0Source | 1,142,752Source | 1,366,783Source | 1,212,784Source | 974,477Source | 4,634,672Source | 700,000Source | 0Source | 328,002Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 8,834,061Source | -165,012Source | 6,064,079Source | 8,584,265Source | 8,535,388Source | 7,614,357Source | 33,279,179Source | 9,622,538Source | 7,340,108Source | — |
| InterestExpenseOperatingUSD | — | — | 338,515Source | 0Source | 1,000,939Source | 301,260Source | 1,024,542Source | 145,381Source | 1,249,657Source | — | — | — |
| Interest Income (Expense), NetUSD | — | — | — | 2,534,647Source | — | — | — | — | — | — | 10,926,095Source | 10,073Source |
| Interest Income, OperatingUSD | — | — | 13,826,674Source | 2,686,771Source | — | 11,906,066Source | — | 11,279,456Source | 49,268,175Source | — | — | 10,073Source |
| Investment Income, NetUSD | — | — | — | -1,553,741Source | — | — | — | — | — | — | -8,265,537Source | — |
| Management Fee ExpenseUSD | — | — | 1,399,845Source | 253,421Source | 1,555,022Source | 1,345,331Source | 1,529,359Source | 1,260,875Source | 5,452,521Source | 1,504,239Source | 1,013,764Source | 0Source |
| Net Investment IncomeUSD | — | — | 9,491,121Source | 14,512Source | 7,653,193Source | 7,664,607Source | 9,962,288Source | 7,648,421Source | 33,071,249Source | 9,451,017Source | 6,628,844Source | -563,365Source |
| Other Cost and Expense, OperatingUSD | — | — | 157,903Source | 107,485Source | 145,109Source | 169,717Source | 146,106Source | 144,422Source | 626,891Source | 430,254Source | 85,953Source | 6,808Source |
| Operating Expenses | — | — | — | — | — | — | — | —Source | — | — | — | — |
Filing attachments
ea031189601ex99-1.htm · DEFA14A · 2026-11-12
Exhibit 99.1 Chicago Atlantic BDC, Inc. Reports Third Quarter 2026 Financial Results NEW YORK, November 12, 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 (“BDC”), today announced its financial results for the third quarter ended September 30, 2026. Quarterly Results of Operations For the Three Months Ende…
Read attachment ↗ea031189601ex99-2.htm · DEFA14A · 2026-11-12
Exhibit 99.2 CONFIDENTIAL | Chicago Atlantic BDC, Inc. Third Quarter 2026 Earnings Presentation Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) November 12, 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 November 12, 2026, and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026. The inf…
Read attachment ↗ea031189601ex99-1.htm · 425 · 2026-11-12
Exhibit 99.1 Chicago Atlantic BDC, Inc. Reports Third Quarter 2026 Financial Results NEW YORK, November 12, 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 (“BDC”), today announced its financial results for the third quarter ended September 30, 2026. Quarterly Results of Operations For the Three Months Ende…
Read attachment ↗ea031189601ex99-2.htm · 425 · 2026-11-12
Exhibit 99.2 CONFIDENTIAL | Chicago Atlantic BDC, Inc. Third Quarter 2026 Earnings Presentation Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) November 12, 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 November 12, 2026, and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026. The inf…
Read attachment ↗ea031189601ex99-1.htm · 8-K · 2026-11-12
Exhibit 99.1 Chicago Atlantic BDC, Inc. Reports Third Quarter 2026 Financial Results NEW YORK, November 12, 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 (“BDC”), today announced its financial results for the third quarter ended September 30, 2026. Quarterly Results of Operations For the Three Months Ende…
Read attachment ↗ea031189601ex99-2.htm · 8-K · 2026-11-12
Exhibit 99.2 CONFIDENTIAL | Chicago Atlantic BDC, Inc. Third Quarter 2026 Earnings Presentation Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) November 12, 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 November 12, 2026, and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026. The inf…
Read attachment ↗