---
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"
generated_at: "2026-06-05T17:27:48.698501+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SSIC to acquire $130M loan portfolio, issue 65-75% of stock to Chicago Atlantic

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-002723
- JSON: https://secwatch.observer/filing/0000950103-24-002723.json
- Plain text: https://secwatch.observer/filing/0000950103-24-002723.txt

## Key facts
- Material Agreements
  Chicago Atlantic BDC, Inc. entered into Purchase Agreement with Chicago Atlantic Loan Portfolio, LLC (effective 2024-02-18).
  - Action: entry
  - Counterparty: Chicago Atlantic Loan Portfolio, LLC
  - Effective: 2024-02-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010324002723/0000950103-24-002723-index.htm

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