---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-007200"
form_type: "8-K"
ticker: "LIEN"
cik: "0001843162"
company_name: "Chicago Atlantic BDC, Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:46:49.650522+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Silver Spike Q1 NII $0.22/shr, NAV $14.29, portfolio $55.6M

## Summary
- Total investment income of $2.5M; net investment income $1.4M ($0.22/shr).
- NAV per share rose to $14.29 from $13.91 as of Dec 31, 2022.
- Investment portfolio fair value $55.6M: $45.7M secured loans, $9.9M secured notes.
- No loans on non-accrual status; liquidity $32.5M in cash equivalents.
- Subsequent to quarter: led $35M initial close of senior secured facility for DreamFields Brands (Jeeter brand).

## SEC filing metadata
- accession: 0000950103-23-007200
- form_type: 8-K
- ticker: LIEN
- cik: 0001843162
- company_name: Chicago Atlantic BDC, Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843162/000095010323007200/0000950103-23-007200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843162/000095010323007200/dp193691_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-007200
- JSON: https://secwatch.observer/filing/0000950103-23-007200.json
- Plain text: https://secwatch.observer/filing/0000950103-23-007200.txt

## Key facts
- Earnings Releases
  Chicago Atlantic BDC, Inc. reported the quarter ended March 31, 2023 results: revenue $2.5 million, net income $1.4 million, or $0.22 per share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $2.5 million
  - Net income: $1.4 million, or $0.22 per share
  - Result: reported results
  source text: to privately held cannabis companies, today announced its financial results for the quarter ended March 31, 2023. Quarter Ended 3/31/23 Highlights · Total investment income of $2.5 million · Net investment income of $1.4 million, or $0.22 per share · Investment portfolio of $55.6 million at fair value · Net asset value (“NAV”) per share increased to $14.29 on March
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010323007200/0000950103-23-007200-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.