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Chicago Atlantic BDC, Inc. filings document formal disclosures for a Nasdaq-listed specialty finance company regulated as a business development company. The record includes Form 8-K reports for operating results, financial-condition updates, Regulation FD earnings materials, and material governance events involving the board of directors.
Proxy filings cover annual meeting procedures, director elections, auditor ratification, stockholder voting matters, and board governance. The filings also identify the company’s common stock, emerging growth company status, and public-company reporting framework for an externally managed BDC focused on lending to privately held middle-market companies.
Chicago Atlantic BDC, Inc. reported strong first‑quarter 2026 results, with total investment income of $16.7 million and net investment income of $10.0 million, or $0.44 per share, described as a record level.
The investment portfolio reached $364.0 million at fair value with a 15.8% gross weighted‑average yield, and net asset value was $13.33 per share as of March 31, 2026, slightly above $13.30 at year‑end 2025. Liquidity totaled $48.8 million, including $3.3 million of cash and undrawn capacity on a $100.0 million credit facility.
The company disclosed a recently filed shelf registration statement that, once effective, will allow issuance of up to $500 million of securities, and the board declared a $0.34 per share cash dividend for the quarter ending June 30, 2026, payable July 10, 2026 to shareholders of record on June 26, 2026.
Chicago Atlantic BDC, Inc. reported strong first‑quarter 2026 results, with total investment income of $16.7 million and net investment income of $10.0 million, or $0.44 per share, described as a record level.
The investment portfolio reached $364.0 million at fair value with a 15.8% gross weighted‑average yield, and net asset value was $13.33 per share as of March 31, 2026, slightly above $13.30 at year‑end 2025. Liquidity totaled $48.8 million, including $3.3 million of cash and undrawn capacity on a $100.0 million credit facility.
The company disclosed a recently filed shelf registration statement that, once effective, will allow issuance of up to $500 million of securities, and the board declared a $0.34 per share cash dividend for the quarter ending June 30, 2026, payable July 10, 2026 to shareholders of record on June 26, 2026.
Chicago Atlantic BDC, Inc. reported solid first-quarter 2026 results with higher investment income and stable net asset value. Total investment income rose to $16.7M from $11.9M a year earlier, driven by its predominantly first-lien, senior secured lending portfolio, heavily concentrated in the U.S. cannabis sector.
Net investment income increased to $10.0M, or $0.44 per share, compared with $7.6M, or $0.34 per share, in the prior-year quarter. After a $1.4M unrealized loss on investments, the net increase in net assets from operations was $8.5M, or $0.37 per share.
Total investments at fair value reached $364.0M (mainly U.S. and Canadian corporate debt), up from $333.3M at year-end 2025, while total assets were $373.1M. Net assets were $304.2M, and net asset value per share was $13.33, slightly above $13.30 at December 31, 2025.
Chicago Atlantic BDC, Inc. reported solid first-quarter 2026 results with higher investment income and stable net asset value. Total investment income rose to $16.7M from $11.9M a year earlier, driven by its predominantly first-lien, senior secured lending portfolio, heavily concentrated in the U.S. cannabis sector.
Net investment income increased to $10.0M, or $0.44 per share, compared with $7.6M, or $0.34 per share, in the prior-year quarter. After a $1.4M unrealized loss on investments, the net increase in net assets from operations was $8.5M, or $0.37 per share.
Total investments at fair value reached $364.0M (mainly U.S. and Canadian corporate debt), up from $333.3M at year-end 2025, while total assets were $373.1M. Net assets were $304.2M, and net asset value per share was $13.33, slightly above $13.30 at December 31, 2025.
Chicago Atlantic BDC, Inc. filed a preliminary shelf registration to offer up to $500,000,000 of common stock, preferred stock, subscription rights, warrants, debt securities and units, to be sold from time to time after the registration becomes effective. The prospectus is dated May 11, 2026.
The document discloses key portfolio and capital metrics: net asset value per share was $13.30 as of December 31, 2025, the last reported sales price was $9.34 on May 7, 2026, and the Company reported an aggregate portfolio fair value of approximately $333.3 million across 39 portfolio companies with 74.7% of the portfolio in the cannabis industry (by fair value). The Company maintains a senior secured revolving Credit Agreement with an initial capacity of $100,000,000, with $25,000,000 outstanding and approximately $75,000,000 available as of December 31, 2025. The prospectus notes material risks, leverage limits (generally up to $2 of borrowings per $1 of equity) and fee terms including a base management fee of 1.75% of gross assets and incentive fee mechanics.
Chicago Atlantic BDC, Inc. is asking stockholders to re-elect two Class 2 directors, Americo Da Corte and Tracey Brophy Warson, and to ratify BDO USA, P.C. as independent registered public accounting firm at a virtual annual meeting on June 24, 2026.
The meeting will be held online via live webcast, with stockholders of record at the close of business on April 27, 2026 entitled to vote. Investors can vote by internet, telephone, mail, or during the webcast using a control number. The proxy also outlines board structure, independence, ownership of major holders, director retainers, and the adviser’s compensation, including a 1.75% base management fee and 20% performance-based incentive fees under the investment advisory agreement.
Chicago Atlantic BDC, Inc. reported that director Patrick McCauley resigned from its board on April 10, 2026, effective immediately, to pursue other opportunities. He stated that his resignation was not due to any disagreement regarding the company’s operations, policies or practices.
After his departure, the board consists of five members, including four independent directors, which maintains a predominantly independent board structure. The filing was signed by Interim Chief Financial Officer Thomas Geoffroy on behalf of the company.
Chicago Atlantic BDC, Inc. reported strong fourth quarter and full-year 2025 results driven by its senior secured lending strategy focused largely on cannabis operators. For Q4 2025, total investment income was about $14.2 million and net investment income was $8.3 million, or $0.36 per share.
For 2025, total investment income reached $54.3 million and net investment income was $33.1 million, or $1.45 per share, up sharply from 2024. Net asset value per share rose to $13.30 as of December 31, 2025, with total net assets of $303.4 million. The portfolio held $333.3 million of investments at fair value across 39 portfolio companies, all senior secured, with a weighted average yield of 15.8% and no loans on non-accrual.
As of December 31, 2025, the company had $77.9 million of liquidity, including $75.0 million of undrawn capacity on its $100.0 million revolving credit facility; as of March 18, 2026, $54.5 million was outstanding on the facility and liquidity was about $47.5 million. The board declared a $0.34 per share cash dividend for the quarter ending March 31, 2026, payable April 14, 2026 to shareholders of record on March 30, 2026. Management highlighted a near-term pipeline exceeding $732 million and continued zero non-accruals, positioning the company to pursue further growth while emphasizing credit quality.
Chicago Atlantic BDC, Inc. reported strong fourth quarter and full-year 2025 results driven by its senior secured lending strategy focused largely on cannabis operators. For Q4 2025, total investment income was about $14.2 million and net investment income was $8.3 million, or $0.36 per share.
For 2025, total investment income reached $54.3 million and net investment income was $33.1 million, or $1.45 per share, up sharply from 2024. Net asset value per share rose to $13.30 as of December 31, 2025, with total net assets of $303.4 million. The portfolio held $333.3 million of investments at fair value across 39 portfolio companies, all senior secured, with a weighted average yield of 15.8% and no loans on non-accrual.
As of December 31, 2025, the company had $77.9 million of liquidity, including $75.0 million of undrawn capacity on its $100.0 million revolving credit facility; as of March 18, 2026, $54.5 million was outstanding on the facility and liquidity was about $47.5 million. The board declared a $0.34 per share cash dividend for the quarter ending March 31, 2026, payable April 14, 2026 to shareholders of record on March 30, 2026. Management highlighted a near-term pipeline exceeding $732 million and continued zero non-accruals, positioning the company to pursue further growth while emphasizing credit quality.
Chicago Atlantic BDC, Inc. focuses on specialty private credit, filing its annual report outlining strategy and recent transactions. The company is an externally managed, non-diversified business development company that also elects regulated investment company tax treatment, targeting high-yield loans in complex and highly regulated sectors.
Its core is first-lien senior secured loans, often floating-rate over PRIME or SOFR, with terms typically two to six years and collateral such as real estate, equipment, receivables and intellectual property. It concentrates on state-legal cannabis operators plus growth and technology, esoteric asset-based lending and event-driven liquidity solutions in the lower middle-market.
On October 1, 2024, Chicago Atlantic BDC acquired a loan portfolio from Chicago Atlantic Loan Portfolio, LLC in exchange for 16,605,372 newly issued shares of common stock, valuing the portfolio at $219,621,125 as of September 28, 2024. A joint venture between its Adviser and Chicago Atlantic BDC Holdings was formed at the same time, triggering a new investment advisory agreement with the same fee structure. The company was renamed Chicago Atlantic BDC, Inc., adopted the ticker “LIEN,” and is now part of a broader Chicago Atlantic credit platform managing about $2.3 billion of capital as of December 31, 2025.
Chicago Atlantic BDC, Inc. focuses on specialty private credit, filing its annual report outlining strategy and recent transactions. The company is an externally managed, non-diversified business development company that also elects regulated investment company tax treatment, targeting high-yield loans in complex and highly regulated sectors.
Its core is first-lien senior secured loans, often floating-rate over PRIME or SOFR, with terms typically two to six years and collateral such as real estate, equipment, receivables and intellectual property. It concentrates on state-legal cannabis operators plus growth and technology, esoteric asset-based lending and event-driven liquidity solutions in the lower middle-market.
On October 1, 2024, Chicago Atlantic BDC acquired a loan portfolio from Chicago Atlantic Loan Portfolio, LLC in exchange for 16,605,372 newly issued shares of common stock, valuing the portfolio at $219,621,125 as of September 28, 2024. A joint venture between its Adviser and Chicago Atlantic BDC Holdings was formed at the same time, triggering a new investment advisory agreement with the same fee structure. The company was renamed Chicago Atlantic BDC, Inc., adopted the ticker “LIEN,” and is now part of a broader Chicago Atlantic credit platform managing about $2.3 billion of capital as of December 31, 2025.
Chicago Atlantic BDC, Inc. (LIEN) furnished materials related to its third quarter ended September 30, 2025. The company issued a press release and an earnings presentation on November 13, 2025, tied to a conference call and live webcast at 9:00 a.m. Eastern time.
The materials were provided under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure) and are furnished, not filed, including Exhibits 99.1 and 99.2. This treatment limits their status under Section 18 of the Exchange Act and incorporation by reference unless specifically stated.
Chicago Atlantic BDC, Inc. (LIEN) furnished materials related to its third quarter ended September 30, 2025. The company issued a press release and an earnings presentation on November 13, 2025, tied to a conference call and live webcast at 9:00 a.m. Eastern time.
The materials were provided under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure) and are furnished, not filed, including Exhibits 99.1 and 99.2. This treatment limits their status under Section 18 of the Exchange Act and incorporation by reference unless specifically stated.
Chicago Atlantic BDC, Inc. (LIEN) reported stronger Q3 results. For the quarter ended September 30, 2025, total investment income was $15,070,603 and net investment income reached $9,491,121, driving a net increase in net assets from operations of $8,834,061. NAV per share was $13.27, up from $13.20 at December 31, 2024.
Year to date, total investment income was $40,073,643 and net investment income was $24,804,149, resulting in a $25,032,683 net increase in net assets from operations. The company recorded an unrealized depreciation of $657,060 in Q3. A revolving line of credit showed $11,000,000 outstanding at quarter end, and distributions payable were $7,759,001. Through the first nine months, distributions to stockholders totaled $23,276,871. As of November 11, 2025, 22,820,590 shares were outstanding.
Chicago Atlantic BDC, Inc. (LIEN) reported stronger Q3 results. For the quarter ended September 30, 2025, total investment income was $15,070,603 and net investment income reached $9,491,121, driving a net increase in net assets from operations of $8,834,061. NAV per share was $13.27, up from $13.20 at December 31, 2024.
Year to date, total investment income was $40,073,643 and net investment income was $24,804,149, resulting in a $25,032,683 net increase in net assets from operations. The company recorded an unrealized depreciation of $657,060 in Q3. A revolving line of credit showed $11,000,000 outstanding at quarter end, and distributions payable were $7,759,001. Through the first nine months, distributions to stockholders totaled $23,276,871. As of November 11, 2025, 22,820,590 shares were outstanding.
Peter Sack, the Chief Executive Officer and a director of Chicago Atlantic BDC, Inc. (LIEN), reported an insider purchase of 450 shares of the company's common stock on 09/19/2025 at a price of $11.23 per share. After the transaction, he beneficially owned 5,918 shares. The Form 4 was signed on 09/22/2025. No derivative transactions were reported.
Peter Sack, the Chief Executive Officer and a director of Chicago Atlantic BDC, Inc. (LIEN), reported an insider purchase of 450 shares of the company's common stock on 09/19/2025 at a price of $11.23 per share. After the transaction, he beneficially owned 5,918 shares. The Form 4 was signed on 09/22/2025. No derivative transactions were reported.