---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-014013"
form_type: "8-K"
ticker: "LIEN"
cik: "0001843162"
company_name: "Chicago Atlantic BDC, Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:16:24.814729+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SSIC stockholders approve acquisition of CALP loan portfolio in exchange for new shares

## Summary
- Stockholders voted 99.8% in favor (4.95M for, 10K against) of issuing shares to acquire CALP loan portfolio.
- Directors Frederick C. Herbst, John Mazarakis, and Jason Papastavrou elected to staggered terms.
- New investment advisory agreement with Silver Spike Capital approved; fees unchanged from current agreement.
- Post-closing, company to be renamed Chicago Atlantic BDC, Inc., ticker changed to LIEN.
- Transaction expected to close as soon as practicable; management cites increased scale and growth opportunity.

## SEC filing metadata
- accession: 0000950103-24-014013
- form_type: 8-K
- ticker: LIEN
- cik: 0001843162
- company_name: Chicago Atlantic BDC, Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014013/0000950103-24-014013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014013/dp218371_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-014013
- JSON: https://secwatch.observer/filing/0000950103-24-014013.json
- Plain text: https://secwatch.observer/filing/0000950103-24-014013.txt

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