9.10
+0.28%
Close of 9 Nov 2026, in USD
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About Chicago Atlantic BDC
From its filings with the US Securities and Exchange Commission
Chicago Atlantic BDC is based in New York, New York and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker LIEN. In the fiscal year to 31 December 2025, it reported net income of $33.3m. At that date it held total assets of $342.0m and shareholders' equity of $303.4m.
Chicago Atlantic BDC, Inc., incorporated in Maryland on January 25, 2021, is structured as an externally managed, closed-end, non-diversified management investment company. We have elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (“1940 Act”). In addition, for U.S. federal income tax purposes, we have elected to be treated, and intend to qualify annually to be treated, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with our taxable year ended March 31, 2022. See “—Material U.S. Federal Income Tax Considerations—Taxation as a Regulated Investment Company.” Also, we are an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"), and intend to take advantage of certain exemptions for emerging growth companies allowing us to temporarily forego the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act").
On February 8, 2022, we completed our initial public offering (“IPO”) and commenced operations.
Quoted from its 10-K, filed 19 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 31 Jan 2022
- Employees
- 1,200
- Website
- ssic.silverspikecap.com ↗
- Head office
- 600 MADISON AVE, SUITE 1800, NEW YORK, NY, 10022
- Incorporated in
- MD
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Scott GordonExecutive Chairman of the Board, Co-Chief Investment Officer, since 2021
- Mr. Dino ColonnaPresident
- Mr. Peter SackChief Executive Officer
- Mr. Thomas GeoffroyInterim Chief Financial Officer
- Mr. Umesh MahajanCo-Chief Investment Officer, Secretary
- Mr. Alex WoodcockChief Compliance Officer
- Mr. Michael ChorskeLead Independent Director$65,723
- Mr. Vivek BohraIndependent Director$32,007
- Mr. Americo Da CorteIndependent Director$61,745
- Mr. Patrick MccauleyIndependent Director
- Ms. Supurna VedbratIndependent Director
- Ms. Tracey WarsonIndependent Director$67,785
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Chicago Atlantic BDC Inc employs 1200 employees in New York City for Financial Services.
- Silver Spike Investment Corp. focuses on secured debt and equity investments in cannabis companies.
- The company's investment objective targets risk-adjusted returns for shareholders through middle-market cannabis investments.
Weaknesses
- Silver Spike Investment Corp. has 0 full-time employees despite being headquartered in New York City.
- The firm's focus on cannabis ecosystem investments may face regulatory challenges in the US.
- Silver Spike Capital, LLC, manages the company with no mention of additional staff.
Opportunities
- The cannabis sector in the US offers growth potential for secured debt investments.
- Middle-market cannabis companies represent a niche for Silver Spike's investment strategy.
- Health and wellness sector investments align with expanding market trends.
Threats
- Regulatory changes in the US cannabis industry could impact Silver Spike's investment portfolio.
- The lack of full-time employees may hinder operational efficiency.
- Cannabis investments face public perception challenges in the Financials sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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