Business Summary
Chicago Atlantic BDC, Inc. (formerly Silver Spike Investment Corp., ticker changed from SSIC to LIEN in October 2024) is an externally managed, closed-end, non-diversified business development company (BDC) structured as a regulated investment company (RIC). The company is a specialty finance platform focused on lending to companies in highly complex and regulated industries typically underserved by traditional capital providers, with a primary emphasis on the cannabis ecosystem. It was incorporated in Maryland in January 2021, completed its IPO in February 2022, and was renamed following the October 2024 Loan Portfolio Acquisition from Chicago Atlantic Loan Portfolio, LLC and a joint venture between its adviser and Chicago Atlantic. Revenue is generated from interest income on secured debt investments, fees, and capital appreciation from equity warrants and direct equity investments.
Products & Services
- Cannabis lending: First and second lien secured loans to privately held cannabis companies, cannabis-enabling...
AI-generated summary of Item 1 (Business) from the 10-K filed Mar 19, 2026 — View filing on SEC.gov. May contain errors — refer to the filing for authoritative information.
Across SEC filings
Institutional holders · 13F
Q2 2026| Largest holders | Reported value |
|---|---|
| INTREPID CAPITAL MANAGEMENT INC | $7.4M |
| Sowell Financial Services LLC | $5.0M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd | $1.9M |
| CI Private Wealth LLC | $1.8M |
| CDC Financial Inc | $1.7M |
Annual results · 10-K
Fiscal 2025- Net income
- $33.3M
As reported in the fiscal 2025 annual report.
Funds & ETFs · N-PORT
3 funds| Fund | Value | % of fund |
|---|---|---|
| Intrepid Income Fund | $7.0M | 0.49% |
| Intrepid Capital Fund | $373.2K | 0.3% |
| Amplify Seymour Cannabis ETF CNBS | $293.3K | 0.35% |
3 funds reported holding $7.7M in total on their latest public Form N-PORT reports, the most recent dated June 2026. Security record
Insider trades · Form 4
Latest filings
- Scott Gordon 2026-09-01 Buy
- Bernardino Colonna 2026-09-01 Buy
- Bernardino Colonna 2026-08-27 Buy
- Scott Gordon 2026-08-27 Buy
- Scott Gordon 2026-08-24 Buy
5%+ holders · 13D/G
1 filer| Filer | % of class | Filed |
|---|---|---|
| Chicago Atlantic BDC Advisers LLC 13G | 16.9% | 2025-02-14 |
Latest Schedule 13D or 13G from each filer; stakes a filer has reported closed are left out.
Securities
| CUSIP | Security | Type |
|---|---|---|
| 828174102 | LIEN SILVER SPIKE INVESTMENT COR | Common stock |