Chicago Atlantic Real Estate Finance to Merge with Chicago Atlantic BDC
Chicago Atlantic Real Estate Finance (NASDAQ:REFI) has agreed to merge into its sister company, Chicago Atlantic BDC (NASDAQ:LIEN), in an all-stock transaction. The merger will allow REFI shareholders to receive shares of LIEN based on a net asset value ratio and result in the combined entity having a pro-forma NAV of $613 million.
Topics: business_development_company real_estate stock_merge