{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-069861","form_type":"8-K","ticker":"REFI","cik":"0001867949","company_name":"Chicago Atlantic Real Estate Finance, Inc.","filed_at":"2026-06-18T11:30:41+00:00","discovered_at":"2026-06-18T11:35:00.254880+00:00","generated_at":"2026-06-18T11:35:07.116493+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Chicago Atlantic Real Estate Finance to merge with Chicago Atlantic BDC in stock-for-stock deal","bullets":["Each REFI share converted into Acquiror shares based on NAV ratio (Exchange Ratio); fractional shares paid in cash.","Transaction requires approval of majority of outstanding REFI shares and majority excluding certain related parties.","Support agreements cover ~4.8% of REFI and ~12.9% of Acquiror outstanding shares, committing to vote in favor.","Acquiror to consider $25M share repurchase program post-closing; merger must close by June 30, 2027.","REFI will elect to be regulated as a BDC prior to merger; combined entity to operate as a RIC."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-069861","json":"https://secwatch.observer/filing/0001213900-26-069861.json","markdown":"https://secwatch.observer/filing/0001213900-26-069861.md","text":"https://secwatch.observer/filing/0001213900-26-069861.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1867949/000121390026069861/0001213900-26-069861-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1867949/000121390026069861/ea0295037-8k425_chicago.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T11:35:07.116493+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"60862829433975d4d1f53a3ed301bfc2b73cca4f","claim":"Chicago Atlantic Real Estate Finance, Inc. entered into Agreement and Plan of Merger with Chicago Atlantic BDC, Inc., Chicago Atlantic BDC Advisers, LLC, Chicago Atlantic REIT Manager, LLC (effective 2026-06-17).","evidence_excerpt":"On June 17, 2026, Chicago Atlantic Real Estate Finance, Inc., a Maryland corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Chicago Atlantic BDC, Inc., a Maryland corporation (“ Acquiror ”), Chicago Atlantic BDC Advisers, LLC, a Delaware limited liability company and the investment adviser to Acquiror (the “ Acquiror Adviser ”), and Chicago Atlantic REIT Manager, LLC, a Delaware limited liability company and the external manager to the Company (the “ Company Manager ,” and together with Acquiror Adviser, the “ Advisers ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1867949/000121390026069861/0001213900-26-069861-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Chicago Atlantic BDC, Inc., Chicago Atlantic BDC Advisers, LLC, Chicago Atlantic REIT Manager, LLC"},{"label":"Effective","value":"2026-06-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}