Chicago Atlantic and Silver Spike Close Loan Portfolio Acquisition and Joint Venture Transactions
Chicago Atlantic Real Estate Finance, Inc. (REFI)
Company Research
Source: Business Wire
Silver Spike Investment Corp. renamed Chicago Atlantic BDC, Inc.NASDAQ Ticker to be Changed to LIEN CHICAGO--(BUSINESS WIRE)--Chicago Atlantic today announced that Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that has elected to be regulated as a business development company, acquired a portfolio of loans (the “CALP Loan Portfolio”) from Chicago Atlantic Loan Portfolio, LLC (“CALP”), a Chicago Atlantic-managed fund, in exchange for newly issued shares of the Company’s common stock (the “Loan Portfolio Acquisition”). As a result of the Loan Portfolio Acquisition, CALP and legacy SSIC stockholders own approximately 72.8% and 27.2%, respectively, of the outstanding shares of the Company’s common stock.The Company is the only publicly listed BDC focused on lending to cannabis companies. As a result of the Loan Portfolio Acquisition, the Company has net assets of approximately $300 million and investments in 28 portfolio companies.In connection wi
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News
- WisdomTree, Inc. (WT) Q3 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Chicago Atlantic Real Estate Finance Closes on $50 Million Unsecured Term Loan to Fund Deployment of New InvestmentsGlobeNewswire
- Institutions own 30% of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) shares but retail investors control 53% of the company [Yahoo! Finance]Yahoo! Finance
- Chicago Atlantic Real Estate Finance Schedules Third Quarter 2024 Earnings Release and Conference Call DateGlobeNewswire
- Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2024GlobeNewswire
REFI
Earnings
- 8/7/24 - Miss
REFI
Sec Filings
- 10/23/24 - Form 8-K
- 8/7/24 - Form 8-K
- 8/7/24 - Form 10-Q
- REFI's page on the SEC website