Source-grounded facts extracted from Chicago Atlantic BDC, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Chicago Atlantic BDC, Inc. entered into Agreement and Plan of Merger with Chicago Atlantic Real Estate Finance, Inc., Chicago Atlantic BDC Advisers, LLC, and Chicago Atlantic REIT Manager, LLC (effective 2026-06-17).
“On June 17, 2026, Chicago Atlantic BDC, Inc., a Maryland corporation (“ LIEN ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Chicago Atlantic Real Estate Finance, Inc., a Maryland corporation (“ REFI ”), Chicago Atlantic BDC Advisers, LLC, a Delaware limited liability company and the investment adviser to LIEN (the “ LIEN Adviser ”), and Chicago Atlantic REIT Manager, LLC, a Delaware limited liability company and the external manager to REFI (the “ REFI Manager ,” and together with LIEN Adviser, the “ Advisers ”).”
Earnings Releases
Chicago Atlantic BDC, Inc. reported financial results for first quarter ended March 31, 2026.
“On May 14, 2026, Chicago Atlantic BDC, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026.”
Earnings Releases
Chicago Atlantic BDC, Inc. reported the fiscal year ended December 31, 2025 results: revenue $54.3 million, net income $33.1 million, EPS $1.45 per weighted average share.
“For the fiscal year ended December 31, 2025, total investment income was approximately $54.3 million. For the fiscal year ended December 31, 2025, the Company incurred net expenses of approximately $21.2 million, resulting in net investment income of approximately $33.1 million, or $1.45 per weighted average share, and a net increase in net assets from operations of approximately $33.3 million, or $1.46 per weighted average share.”
Earnings Releases
Chicago Atlantic BDC, Inc. reported the three months ended December 31, 2025 results: revenue $14.2 million, net income $8.3 million, EPS $0.36 per weighted average share.
“For the three months ended December 31, 2025, total investment income was approximately $14.2 million. For the three months ended December 31, 2025, the Company incurred net expenses of approximately $5.9 million, resulting in net investment income of approximately $8.3 million, or $0.36 per weighted average share, and a net increase in net assets from operations of approximately $8.2 million, or $0.36 per weighted average share.”
Governance Changes
Chicago Atlantic BDC, Inc.: Amended and restated bylaws to reflect name change from Silver Spike Investment Corp. to Chicago Atlantic BDC, Inc (effective 2025-12-17).
“The Second A&R Bylaws reflect the change of the Company’s name from Silver Spike Investment Corp. to Chicago Atlantic BDC, Inc.”
John Mazarakis resigned as interested Director at Chicago Atlantic BDC, Inc..
“On June 19, 2025, Mr. John Mazarakis notified the Board of Directors (the “Board”) of Chicago Atlantic BDC, Inc. (the “Company”) of his resignation, effective as of June 20, 2025, from his position as an interested Director on the Company's Board.”
Patrick McCauley was appointed as Class 3 Director at Chicago Atlantic BDC, Inc..
“On March 13, 2025, the Board appointed Mr. Patrick McCauley to replace Mr. Papastavrou as Class 3 Director of the Company.”
Supurna VedBrat was appointed as Class 1 Director at Chicago Atlantic BDC, Inc..
“On March 13, 2025, the board of directors of the Company (the “Board”) appointed Ms. Supurna VedBrat to replace Mr. Herbst as a Class 1 Director of the Company”
Peter Sack was appointed as Chief Executive Officer at Chicago Atlantic BDC, Inc..
“On March 13, 2025, the Board appointed Mr. Peter Sack to the position of Chief Executive Officer of the Compa”
Andreas Bodmeier resigned as Chief Executive Officer at Chicago Atlantic BDC, Inc..
“On March 13, 2025, Mr. Andreas Bodmeier resigned from his position as Chief Executive Officer of the Company.”
Patrick McCauley was appointed as Director at Chicago Atlantic BDC, Inc..
“On March 13, 2025, the Board appointed Mr. Patrick McCauley to replace Mr. Papastavrou as Class 3 Director of the Company, to serve until the Company’s annual meeting of stockholder to be held in 2027, or until his successor is duly elected and qualified.”
Supurna VedBrat was appointed as Director at Chicago Atlantic BDC, Inc..
“On March 13, 2025, the board of directors of the Company (the “Board”) appointed Ms. Supurna VedBrat to replace Mr. Herbst as a Class 1 Director of the Company, to serve until the Company’s annual meeting of stockholders to be held in 2025, or until her successor is duly elected and qualified.”
Jason Papastavrou resigned as Director at Chicago Atlantic BDC, Inc..
“On March 13, 2025, each of Mr. Frederick Herbst and Mr. Jason Papastavrou resigned from his position as Director of the Company.”
Frederick Herbst resigned as Director at Chicago Atlantic BDC, Inc..
“On March 13, 2025, each of Mr. Frederick Herbst and Mr. Jason Papastavrou resigned from his position as Director of the Company.”
Martin Rodgers was appointed as Chief Financial Officer at Chicago Atlantic BDC, Inc..
“On February 14, 2025, the Board appointed Martin Rodgers to the position of Chief Financial Officer of the Company.”
Umesh Mahajan resigned as Chief Financial Officer at Chicago Atlantic BDC, Inc..
“On February 14, 2025, Mr. Umesh Mahajan, Co-Chief Investment Officer, Chief Financial Officer and Secretary of the Company, resigned from his position as Chief Financial Officer of the Company.”
M&A Transactions
Chicago Atlantic BDC, Inc. completed an acquisition involving Chicago Atlantic Loan Portfolio, LLC (CALP) for 16,605,372 shares of its common stock to CALP in exchange for the CALP Loan Portfolio, which was determined by the Company to have a fair value of $219,621,125 (closed 2024-10-01).
“Acquisition Agreement”). In accordance with the terms of the Loan Portfolio Acquisition Agreement, at the effective time of the Loan Portfolio Acquisition, the Company issued 16,605,372 shares of its common stock to CALP in exchange for the CALP Loan Portfolio, which was determined by the Company to have a fair value of $219,621,125 as of September 28, 2024.”
Dino Colonna was appointed as President at Chicago Atlantic BDC, Inc..
“Dino Colonna has become President of the Company”
Umesh Mahajan changed role as Co-Chief Investment Officer, Chief Financial Officer and Secretary at Chicago Atlantic BDC, Inc..
“Umesh Mahajan has become Co-Chief Investment Officer of the Company in addition to remaining Chief Financial Officer and Secretary of the Company”
Scott Gordon changed role as Executive Chairman and Co-Chief Investment Officer at Chicago Atlantic BDC, Inc..
“Mr. Gordon has become Executive Chairman of the Board and Co-Chief Investment Officer of the Company”
Andreas Bodmeier was appointed as Chief Executive Officer at Chicago Atlantic BDC, Inc..
“Andreas Bodmeier has replaced Scott Gordon as Chief Executive Officer of the Company”
Earnings Releases
Chicago Atlantic BDC, Inc. reported first quarter ended March 31, 2024 results: revenue $2.8 million, net income $(0.1) million, EPS $(0.01) per share.
“For the three months ended March 31, 2024, total investment income was $2.8 million. This compares to total expenses of $2.9 million, which includes $2.1 million of expenses related to the Loan Portfolio Acquisition, resulting in net investment income (loss) of $(0.1) million, or $(0.01) per share.”
Earnings Releases
Chicago Atlantic BDC, Inc. reported fiscal year ended December 31, 2023 results: revenue $3.6 million, net income $1.7 million, EPS $0.28 per share.
“a business development company, today announced its financial results for the fiscal year ended December 31, 2023. Quarter Ended 12/31/23 Highlights · Total investment income of $3.6 million · Net investment income of $1.7 million, or $0.28 per share · Investment portfolio of $54.1 million at fair value · Net asset value (“NAV”) per share decreased from $14.06 on”
Earnings Releases
Chicago Atlantic BDC, Inc. reported financial results for fiscal year ended December 31, 2023.
“Silver Spike Investment Corp. (“SSIC”) issued a press release announcing that it will (i) report its financial results for the fiscal year ended December 31, 2023 before market open on Thursday, March 28, 2024”
Material Agreements
Chicago Atlantic BDC, Inc. entered into Purchase Agreement with Chicago Atlantic Loan Portfolio, LLC (effective 2024-02-18).
“On February 18, 2024, Silver Spike Investment Corp., a Maryland corporation (NASDAQ: SSIC) (“SSIC” or “the Company”), entered into a Purchase Agreement (the “Purchase Agreement”) with Chicago Atlantic Loan Portfolio, LLC, a Delaware limited liability company (“CALP”).”
Earnings Releases
Chicago Atlantic BDC, Inc. reported the quarter ended September 30, 2023 results: revenue $2.9 million, net income $1.6 million, or $0.26 per share, EPS $0.26 per share.
“privately held cannabis companies, today announced its financial results for the quarter ended September 30, 2023. Quarter Ended 9/30/23 Highlights · Total investment income of $2.9 million · Net investment income of $1.6 million, or $0.26 per share · Investment portfolio of $57.4 million at fair value · Net asset value (“NAV”) per share decreased from $14.49 on”
Earnings Releases
Chicago Atlantic BDC, Inc. reported quarter ended June 30, 2023 results: revenue $2.9 million, net income $1.9 million.
“to privately held cannabis companies, today announced its financial results for the quarter ended June 30, 2023. Quarter Ended 6/30/23 Highlights · Total investment income of $2.9 million · Net investment income of $1.9 million, or $0.31 per share · Investment portfolio of $57.7 million at fair value · Net asset value (“NAV”) per share increased to $14.49 on”
Shareholder Votes
Chicago Atlantic BDC, Inc. shareholders approved Election of Directors at the 2023-06-21 meeting.
“The Company’s stockholders re-elected two members of the board of directors of the Company to serve until the 2026 annual meeting of stockholders and until their respective successors are duly elected and qualified. The following votes were taken in connection with this proposal: Name For Withhold Broker Non-Votes Americo Da Corte 4,951,599 276,498 – Tracey Brophy Warson 4,951,599 276,498 –”
Earnings Releases
Chicago Atlantic BDC, Inc. reported the quarter ended March 31, 2023 results: revenue $2.5 million, net income $1.4 million, or $0.22 per share.
“to privately held cannabis companies, today announced its financial results for the quarter ended March 31, 2023. Quarter Ended 3/31/23 Highlights · Total investment income of $2.5 million · Net investment income of $1.4 million, or $0.22 per share · Investment portfolio of $55.6 million at fair value · Net asset value (“NAV”) per share increased to $14.29 on March”
Earnings Releases
Chicago Atlantic BDC, Inc. reported financial results for fiscal year ended December 31, 2022.
“On March 30, 2023, Silver Spike Investment Corp. (the “Company”) issued a press release announcing its financial results for the fiscal year ended December 31, 2022.”
Umesh Mahajan was appointed as Chief Financial Officer at Chicago Atlantic BDC, Inc..
“On March 7, 2023, the board of directors of the Company appointed Umesh Mahajan to the position of Chief Financial Officer of the Company, effective March 7, 2023.”
Gregory M. Gentile resigned as Chief Financial Officer at Chicago Atlantic BDC, Inc..
“On March 1, 2023, Gregory M. Gentile notified Silver Spike Investment Corp. (the “Company”) of his intent to resign from his Chief Financial Officer and other positions with the Company, effective as of March 7, 2023.”
Governance Changes
Chicago Atlantic BDC, Inc.: The board of directors approved a change in fiscal year end from March 31 to December 31, 2022 (effective 2022-11-08).
“Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On November 8, 2022, the board of directors of Silver Spike Investment Corp. (the “Company”) approved a change to the Company’s fiscal year end from March 31 to December 31. The Company will file a transition report on Form 10-K for the transition period from March 31, 2022 to December 31, 2022.”
Earnings Releases
Chicago Atlantic BDC, Inc. reported the quarter ended September 30, 2022 results: revenue $1.2 million, net income $0.6 million, or $0.09 per share.
“privately held cannabis companies, today announced its financial results for the quarter ended September 30, 2022. Second Quarter 2023 Highlights · Total investment income of $1.2 million · Net investment income of $0.6 million, or $0.09 per share · Investment portfolio of $24.5 million at fair value · Net asset value (“NAV”) per share increased to $13.73 on”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.