Chicago Atlantic BDC, Inc. (LIEN)

Chicago Atlantic BDC, Inc. is an externally managed, closed-end investment company that has elected to be regulated as a business development company. Its objective is to generate current income, and to a lesser extent capital appreciation, by lending to private companies.

The company provides senior secured loans to lower middle market businesses, including operators in the regulated cannabis industry, a sector that has limited access to traditional bank financing. It was formerly known as Silver Spike Investment Corp. and took its current name after its adviser came under the Chicago Atlantic platform, which specializes in credit to cannabis and other underserved industries.

The company is advised by an affiliate of Chicago Atlantic Group and is based in Chicago. Its common stock trades on the Nasdaq under the ticker LIEN.