REFI CHICAGO ATLANTIC REAL ESTATE FINANCE INC

Chicago Atlantic Real Estate Finance Raises $6 Million in Direct Offering of Common Stock

Chicago Atlantic Real Estate Finance Raises $6 Million in Direct Offering of Common Stock

CHICAGO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced that it completed a registered direct offering of 395,779 shares of common stock at a price of $15.16 per share, raising net proceeds of approximately $6 million.

Chicago Atlantic sold shares of common stock directly, without the use of underwriters or placement agents, to institutional investors registered pursuant to its effective shelf registration statement. The Company expects to deploy the proceeds to fund its loan pipeline and for general corporate purposes.

John Mazarakis, Executive Chairman of Chicago Atlantic, noted, “The execution on this equity raise at an accretive value demonstrates our commitment to a disciplined approach to capital raising and deployment. With our strong loan pipeline of higher yielding loans, we expect to continue funding new loan opportunities on an accretive and opportunistic basis.”

About Chicago Atlantic Real Estate Finance, Inc.

(NASDAQ: REFI) is a market-leading mortgage REIT utilizing significant real estate, credit and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including statements about our future growth and strategies for such growth, are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. More information on these risks and other potential factors that could affect our business and financial results is included in our filings with the SEC. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect us. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Tripp Sullivan

SCR Partners

(615) 942-7077



EN
15/02/2023

Underlying

Reports on CHICAGO ATLANTIC REAL ESTATE FINANCE INC

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Weekly Report: October 18, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

 PRESS RELEASE

Directors and Officers of Chicago Atlantic Real Estate Finance Purchas...

Directors and Officers of Chicago Atlantic Real Estate Finance Purchase 54,000 Shares of Common Stock on the Open Market CHICAGO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today announced that its Officers and Directors have purchased approximately 54,000 shares at an approximate value of $673,000 in the last three weeks. Chicago Atlantic Officers and Directors now beneficially own approximately 1,770,000 shares representing approximately 8.2% of ful...

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights.com Daily Ratings Report: October 16, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

 PRESS RELEASE

Chicago Atlantic Real Estate Finance Schedules Third Quarter 2025 Earn...

Chicago Atlantic Real Estate Finance Schedules Third Quarter 2025 Earnings Release and Conference Call Date CHICAGO, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced details for the release of its results for the third quarter ended September 30, 2025. The Company plans to issue its earnings release and supplemental financial information before the market opens on Tuesday, November 4, 2025. Chicago Atlantic will host a conference call and live au...

 PRESS RELEASE

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of...

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2025 CHICAGO, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the third quarter of 2025. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on October 15, 2025, to shareholders of record as of the close of business on September 30, ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch