secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic Real Estate Finance, Inc. (REFI)
CIK:        0001867949
Form:       8-K
Filed at:   2026-06-18T11:30:41+00:00
Accession:  0001213900-26-069861
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chicago Atlantic Real Estate Finance to merge with Chicago Atlantic BDC in stock-for-stock deal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390026069861/0001213900-26-069861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390026069861/ea0295037-8k425_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-069861

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