REFI Reports Q3 Results, Merger Awaits Approval

Chicago Atlantic Real Estate Finance reported third-quarter 2026 results in a November 10 filing and disclosed a proposed merger with Chicago Atlantic BDC, subject to approval by stockholders of both companies. The filing says shareholders should review future proxy materials for the merger’s terms and information about insiders’ interests. A separate preview said REFI was expected to report quarterly earnings that day, with analysts forecasting earnings of $0.50 per share and revenue of $14.95 million; its prior quarter fell short of consensus estimates. Chicago Atlantic BDC, the proposed merger partner, was expected to report its results on November 12, with analysts projecting $0.40 per share in earnings and $15.42 million in revenue.






