Welcome to our dedicated page for Chicago Atlantic BDC SEC filings (Ticker: LIEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. 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) 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.