---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-006521"
form_type: "8-K"
ticker: "LIEN"
cik: "0001843162"
company_name: "Chicago Atlantic BDC, Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:09:19.780098+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Silver Spike reports Q1 net investment loss of $0.1M; NAV per share down to $13.60

## Summary
- Total investment income $2.8M; net investment loss $(0.1)M, $(0.01) per share.
- NAV per share decreased to $13.60 from $13.77 at Dec 31, 2023, driven by dividend payments.
- Declared $0.25 per share cash dividend payable June 28, 2024, record June 20.
- Agreement to purchase CALP loan portfolio for newly issued shares; registration filed Apr 15, 2024.
- No loans on non-accrual; portfolio fair value $54.8M across 5 companies.

## SEC filing metadata
- accession: 0000950103-24-006521
- form_type: 8-K
- ticker: LIEN
- cik: 0001843162
- company_name: Chicago Atlantic BDC, Inc.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843162/000095010324006521/0000950103-24-006521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843162/000095010324006521/dp211039_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-006521
- JSON: https://secwatch.observer/filing/0000950103-24-006521.json
- Plain text: https://secwatch.observer/filing/0000950103-24-006521.txt

## Key facts
- Earnings Releases
  Chicago Atlantic BDC, Inc. reported first quarter ended March 31, 2024 results: revenue $2.8 million, net income $(0.1) million, EPS $(0.01) per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $2.8 million
  - Net income: $(0.1) million
  - EPS: $(0.01) per share
  - Result: reported results
  source text: For the three months ended March 31, 2024, total investment income was $2.8 million. This compares to total expenses of $2.9 million, which includes $2.1 million of expenses related to the Loan Portfolio Acquisition, resulting in net investment income (loss) of $(0.1) million, or $(0.01) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010324006521/0000950103-24-006521-index.htm

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