secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic BDC, Inc. (LIEN)
CIK:        0001843162
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0000950103-24-014013
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843162/000095010324014013/0000950103-24-014013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843162/000095010324014013/dp218371_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-014013

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