Chicago Atlantic BDC, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $217.9M
- Price
- $9.52
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.85%
- Volume
- 25.8K
About
Silver Spike Investment Corp. functions as a specialized business development company (BDC) dedicated to investing across the cannabis industry. It channels capital into privately held cannabis enterprises through both direct lending and equity ownership. The firm actively collaborates with private equity entities, entrepreneurs, and business owners to offer diverse credit and equity financing solutions. These solutions are designed to facilitate various corporate actions, including buyouts, recapitalizations, expansion initiatives, refinancings, and acquisitions. Its investment focus spans a wide range of cannabis businesses, encompassing those developing enabling technologies, companies in the cannabis-related health and wellness sector, and distributors of hemp and CBD products. Established in 2021, the company is headquartered in New York, New York.
Quick stats
Shares outstanding22.9M
Computed float19.8M
Float / shares86.7%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001843162
AI Summary
AI-generated1/25
majormixedearnings
Chicago Atlantic BDC, Inc. Reports Second Quarter 2026 Financial Results
Chicago Atlantic BDC reported Q2 Net Investment Income of $7.7 million ($0.34 per share), a decline from $10.0 million in the prior quarter, with net asset value per share dipping to $13.26.
The company announced a definitive agreement to merge with affiliated entity Chicago Atlantic Real Estate Finance, Inc. (REFI), under which REFI shareholders are expected to own approximately 50.5% of the combined company post-closing.
Management maintained the dividend at $0.34 per share for the third quarter and highlighted a strong liquidity position of $73.9 million alongside a robust investment pipeline of approximately $1.1 billion.
Red flags
- Net investment income declined 23% quarter-over-quarter
- Net asset value per share decreased quarter-over-quarter
- Merger structure results in existing LIEN shareholders holding a minority stake (approx. 49.5%) post-close
- Dividend coverage is tight with NII per share exactly matching the declared dividend