{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-087484","form_type":"8-K","ticker":"REFI","cik":"0001867949","company_name":"Chicago Atlantic Real Estate Finance, Inc.","filed_at":"2026-08-11T11:02:17+00:00","discovered_at":"2026-08-11T11:05:00.328631+00:00","generated_at":"2026-08-11T11:05:09.197099+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Chicago Atlantic Q2 net income $7.5M, EPS $0.34; merger with LIEN on track for Q4","bullets":["Q2 2026 net income $7.47M ($0.34/share) vs $8.88M ($0.41) in Q2 2025; distributable earnings $9.29M ($0.44 basic).","Loan principal $453.1M at June 30, up from $421.9M a year ago; book value $14.15/share, down from $14.71.","Gross originations $59.2M in Q2; net interest income $12.83M, down from $14.42M YoY.","Dividend maintained at $0.47/share; FY2026 payout ratio target 90-100% of distributable earnings.","Merger with Chicago Atlantic BDC (LIEN) expected to close Q4 2026; REFI holders ~50.5% pro forma based on 3/31 NAVs."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-087484","json":"https://secwatch.observer/filing/0001213900-26-087484.json","markdown":"https://secwatch.observer/filing/0001213900-26-087484.md","text":"https://secwatch.observer/filing/0001213900-26-087484.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1867949/000121390026087484/0001213900-26-087484-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1867949/000121390026087484/ea0301176-8k425_chicago.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T11:05:09.197099+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"}