---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-002396"
form_type: "8-K"
ticker: "LIEN"
cik: "0001843162"
company_name: "Chicago Atlantic BDC, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:21:54.046866+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Silver Spike to acquire ~$130M loan portfolio from Chicago Atlantic; strategy broadened beyond cannabis

## Summary
- Acquiring CALP loan portfolio of 24 loans ($130M aggregate value as of Jan 1, 2024) plus potential $43M in 4 additional loans.
- Consideration: newly issued SSIC common shares valued at NAV; CALP will own majority of SSIC post-close.
- Pro forma net assets ~$213M; portfolio companies expand from 6 to ~27; cannabis exposure drops to ~71%.
- Board also approved broadening investment strategy beyond cannabis/health & wellness, effective ~April 22, 2024.
- Transaction expected to close mid-2024; separate adviser joint venture announced with Chicago Atlantic.

## SEC filing metadata
- accession: 0000950103-24-002396
- form_type: 8-K
- ticker: LIEN
- cik: 0001843162
- company_name: Chicago Atlantic BDC, Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843162/000095010324002396/0000950103-24-002396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843162/000095010324002396/dp207014_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-002396
- JSON: https://secwatch.observer/filing/0000950103-24-002396.json
- Plain text: https://secwatch.observer/filing/0000950103-24-002396.txt

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