Risk factors

Chicago Atlantic BDC (LIEN) risk factors

Item 1A of every Chicago Atlantic BDC, Inc. 10-K on file, and what changed from one year to the next.

  • FY2025 10-K risk factors

    74 risks, 74 new, 125 dropped since the prior year. Chicago Atlantic BDC expanded its risk disclosures following significant portfolio growth and loan acquisitions. Risks center heavily on lower-middle market debt, esoteric lending, and cannabis industry compliance under federal law.

    Filed Mar 19, 2026
  • FY2024 10-K risk factors

    125 risks. Concentrated risk exposure to the federally illegal cannabis industry, including changing state regulations and enforcement threats.

    Filed Mar 31, 2025