---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-014651"
form_type: "8-K"
ticker: "LIEN"
cik: "0001843162"
company_name: "Chicago Atlantic BDC, Inc."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:30:01.686103+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chicago Atlantic BDC completes $219.6M loan portfolio acquisition; CEO replaced, officers appointed

## Summary
- Acquired CALP loan portfolio valued at $219.6M in exchange for 16.6M new shares; net assets now ~$300M.
- Combined loan portfolio gross weighted-average YTM ~19%; investments in 28 portfolio companies.
- Andreas Bodmeier appointed CEO; Scott Gordon becomes Executive Chairman and Co-CIO. Dino Colonna named President.
- New investment advisory agreement with same fees; expense cap of 2.15% of net assets through Sep 2025.
- CALP owns ~72.8% of outstanding shares; control of registrant changed.

## SEC filing metadata
- accession: 0000950103-24-014651
- form_type: 8-K
- ticker: LIEN
- cik: 0001843162
- company_name: Chicago Atlantic BDC, Inc.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 5.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/0000950103-24-014651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/dp219097_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-014651
- JSON: https://secwatch.observer/filing/0000950103-24-014651.json
- Plain text: https://secwatch.observer/filing/0000950103-24-014651.txt

## Key facts
- Executive change
  Umesh Mahajan changed role as Co-Chief Investment Officer, Chief Financial Officer and Secretary at Chicago Atlantic BDC, Inc..
  - Action: became
  - Role: Co-Chief Investment Officer, Chief Financial Officer and Secretary
  source text: Umesh Mahajan has become Co-Chief Investment Officer of the Company in addition to remaining Chief Financial Officer and Secretary of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/0000950103-24-014651-index.htm
- Executive change
  Scott Gordon changed role as Executive Chairman and Co-Chief Investment Officer at Chicago Atlantic BDC, Inc..
  - Action: became
  - Role: Executive Chairman and Co-Chief Investment Officer
  source text: Mr. Gordon has become Executive Chairman of the Board and Co-Chief Investment Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/0000950103-24-014651-index.htm
- Executive change
  Andreas Bodmeier was appointed as Chief Executive Officer at Chicago Atlantic BDC, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Andreas Bodmeier has replaced Scott Gordon as Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/0000950103-24-014651-index.htm
- Executive change
  Dino Colonna was appointed as President at Chicago Atlantic BDC, Inc..
  - Action: appointed
  - Role: President
  source text: Dino Colonna has become President of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/0000950103-24-014651-index.htm
- M&A Transactions
  Chicago Atlantic BDC, Inc. completed an acquisition involving Chicago Atlantic Loan Portfolio, LLC (CALP) for 16,605,372 shares of its common stock to CALP in exchange for the CALP Loan Portfolio, which was determined by the Company to have a fair value of $219,621,125 (closed 2024-10-01).
  - Action: acquisition
  - Counterparty: Chicago Atlantic Loan Portfolio, LLC (CALP)
  - Consideration: 16,605,372 shares of its common stock to CALP in exchange for the CALP Loan Portfolio, which was determined by the Company to have a fair value of $219,621,125
  - Closing: 2024-10-01
  source text: Acquisition Agreement”). In accordance with the terms of the Loan Portfolio Acquisition Agreement, at the effective time of the Loan Portfolio Acquisition, the Company issued 16,605,372 shares of its common stock to CALP in exchange for the CALP Loan Portfolio, which was determined by the Company to have a fair value of $219,621,125 as of September 28, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/0000950103-24-014651-index.htm

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