{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-077585","form_type":"8-K","ticker":"REFI","cik":"0001867949","company_name":"Chicago Atlantic Real Estate Finance, Inc.","filed_at":"2026-07-13T20:30:15+00:00","discovered_at":"2026-07-13T20:31:01.356403+00:00","generated_at":"2026-07-13T20:31:16.434233+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"REFI issues 4.3M shares for $62.5M in second-lien notes on 32 cannabis retail properties","bullets":["Issued 4,306,754 shares at $14.53/share to Koach for $62.5M in second-lien notes secured by 32 retail properties leased to cannabis operators.","Notes bear 12% interest (10% cash, 2% PIK), weighted avg maturity ~12 years, exit fee 2.5x commitment.","Shares represent ~16.8% of outstanding post-issuance; lock-up: 20% for 3 months, 80% for 6 months.","Transaction permitted under pending merger with LIEN; exchange ratio will reflect increased share count.","No underwriter or placement agent; shares issued in private placement under Rule 506."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-077585","json":"https://secwatch.observer/filing/0001213900-26-077585.json","markdown":"https://secwatch.observer/filing/0001213900-26-077585.md","text":"https://secwatch.observer/filing/0001213900-26-077585.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1867949/000121390026077585/0001213900-26-077585-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1867949/000121390026077585/ea0297476-8k425_chicago.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-13T20:31:16.434233+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}