secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic BDC, Inc. (LIEN)
CIK:        0001843162
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0000950103-24-014651
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/0000950103-24-014651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843162/000095010324014651/dp219097_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-014651

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