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EFFECT ·Filed Oct 1, 2026

LIEN

Chicago Atlantic BDC, Inc.
NEUTRAL
Impact 3/10
Horizonweeks Processed27d 3h ago SEC9999999995-26-003107
IPO/offering going effective
Actionable Insight • Neutral

Monitor for any subsequent prospectus supplement or takedown notice under the shelf, which would disclose the size, pricing, and terms of any offering. The effectiveness itself is a procedural step and does not indicate imminent issuance.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled: T+5d
LIEN ▼ -0.63% at T+5d
NEUTRAL call -0.63% · α vs SPY -1.94% · entry $9.45 → $9.39
Next anchor: T+20d tomorrow
Latest observation: T+16 -4.46% FF3 residual α
Entry = T+0 close
Oct 1, 2026
via day close
T+1d
+0.53%
call +0.53% · α -0.21%
$9.50
settled 26d ago
T+5d
-0.63%
call -0.63% · α -1.94%
$9.39
settled 20d ago
T+20d
Pending
tomorrow
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

Chicago Atlantic BDC, Inc. (LIEN) received SEC effectiveness for its shelf registration on Form N-2 (File No. 333-295756), effective September 30, 2026. This allows the BDC to offer and sell securities at times and prices it determines, creating potential dilution overhang for common shareholders.

Key Facts

  • Effectiveness date: September 30, 2026
  • Registration statement on Form N-2 under the 1933 Act (File No. 333-295756)
  • Company is a business development company (BDC) formerly known as Silver Spike Investment Corp.
  • Shelf registration enables future offerings of securities without additional SEC review

Financial Impact

No offering size or pricing disclosed; potential future dilution from shelf takedowns is not quantified in this filing.

dilution

Risk Factors

  • Future equity or debt offerings from the shelf could dilute existing common shareholders
  • No specific offering terms provided — uncertainty around timing and size of potential capital raise

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
EFFECT Filing (Primary)9999999995-26-003107
Document: 9999999995-26-003107-index.html9999999995-26-003107
Document: 9999999995-26-003107.txt9999999995-26-003107
13 reports for LIEN
Performance horizon
67% Hit rate @ T+5 6 of 9 directional calls Went positive at some point 9 of 9 best @ T+20▲ +3.99%Aug 19, 2026
Filters
Rows
Reports for LIEN, sortable and filterable
TypeNow
Oct 1, 2026
27d ago
EFFECT
NEUTRAL ★ 3/10
$9.45 $9.39▼ −0.63%▼ −1.94%$9.10 (−3.70%)
Aug 24, 2026
9w ago
Insider Cluster
BULLISH ★ 5/10
$10.19 $10.27▲ +0.79%▲ +1.32%$9.10 (−10.70%)
Aug 19, 2026
9w ago
Insider Cluster
BULLISH ★ 5/10
$9.78 $10.14▲ +3.68%▲ +2.57%$9.10 (−6.95%)
Aug 13, 2026
10w ago
DEFA14A
MIXED ★ 5/10
$9.44 $9.78▲ +3.60%▲ +5.57%$9.10 (−3.60%)
Jun 18, 2026
18w ago
DEFA14A
BULLISH ★ 7/10
$10.24 $10.40▲ +1.56%▲ +3.23%$9.10 (−11.13%)
Jun 18, 2026
18w ago
425
BULLISH ★ 7/10
$10.24 $10.40▲ +1.56%▲ +3.23%$9.10 (−11.13%)
Jun 18, 2026
18w ago
8-K
BULLISH ★ 7/10
$10.24 $10.40▲ +1.56%▲ +3.23%$9.10 (−11.13%)
Jun 18, 2026
18w ago
Press Release
BULLISH ★ 7/10
$10.24 $10.40▲ +1.56%▲ +3.23%$9.10 (−11.13%)
May 14, 2026
23w ago
8-K
BULLISH ★ 6/10
$9.83 $9.82▼ −0.10%▲ +0.62%$9.10 (−7.43%)
May 14, 2026
23w ago
Press Release
NEUTRAL ★ 2/10
$9.83 $9.82▼ −0.10%▲ +0.62%$9.10 (−7.43%)
Showing 10 of 13

US Market Status

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Report published Oct 1, 2026