{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-24-002723","form_type":"8-K","ticker":"LIEN","cik":"0001843162","company_name":"Chicago Atlantic BDC, Inc.","filed_at":"2024-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.932763+00:00","generated_at":"2026-06-05T17:27:48.698501+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SSIC to acquire $130M loan portfolio, issue 65-75% of stock to Chicago Atlantic","bullets":["Loan portfolio comprises 24 loans valued at $130M as of Jan 1, 2024; up to $43M in additional loans may be added pre-closing.","SSIC will issue new common stock representing 65-75% of outstanding shares to CALP in exchange for the loan portfolio.","Transaction requires SSIC stockholder approval; parties have reciprocal termination rights with a $6,046,613 termination fee.","Silver Spike Capital, LLC, a major SSIC stockholder, agreed under a Voting Agreement to vote all shares in favor of the transaction.","Closing conditions include effectiveness of a registration statement and NASDAQ listing of newly issued shares."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-24-002723","json":"https://secwatch.observer/filing/0000950103-24-002723.json","markdown":"https://secwatch.observer/filing/0000950103-24-002723.md","text":"https://secwatch.observer/filing/0000950103-24-002723.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1843162/000095010324002723/0000950103-24-002723-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1843162/000095010324002723/dp207225_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T17:27:48.698501+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a02b8bfdd8ee8415a973b1d76e524357529ed987","claim":"Chicago Atlantic BDC, Inc. entered into Purchase Agreement with Chicago Atlantic Loan Portfolio, LLC (effective 2024-02-18).","evidence_excerpt":"On February 18, 2024, Silver Spike Investment Corp., a Maryland corporation (NASDAQ: SSIC) (“SSIC” or “the Company”), entered into a Purchase Agreement (the “Purchase Agreement”) with Chicago Atlantic Loan Portfolio, LLC, a Delaware limited liability company (“CALP”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1843162/000095010324002723/0000950103-24-002723-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Chicago Atlantic Loan Portfolio, LLC"},{"label":"Effective","value":"2024-02-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}