Chicago Atlantic Real Estate Finance, Inc. (REFI) and Chicago Atlantic BDC, Inc. (LIEN) have agreed to merge, with REFI electing to become a business development company (BDC) and merging into LIEN in an all-stock deal. The combined company will operate as LIEN on Nasdaq, aiming to enhance scale, diversify its portfolio, and improve access to capital, particularly focusing on lending to cannabis and lower middle-market companies. The merger, expected to close in Q4 2026 pending approvals, is projected to create a stronger platform with a pro-forma net asset value of $613 million and a portfolio of $771 million. The boards believe this strategic move will unlock value, improve liquidity, and support earnings growth over time.
Man Group PLC disclosed a reduction in its long position in Senior Plc, holding 1.58% of relevant securities as of June 17, 2026. The firm sold shares and reduced its equity swap positions, signaling a strategic adjustment in its investment. This dis...
The S&P 500 fell 1.21% to 7,420.10 after the Federal Reserve signaled a possible interest rate increase later this year, causing investor jitters. Despite the decline, Polymarket traders predict a 98% chance the index will open higher on Thursday, re...
Zalando, Europe's largest online retailer with over 62 million active users, uses the European AI platform Hopsworks to power its demanding AI services. Hopsworks provides a high-performance, secure, and compliant AI Lakehouse infrastructure capable ...
Sompo International has named Henry MacHale as Chief Underwriting Officer and Head of Strategy for its International Markets, covering 22 countries across the UK, Asia-Pacific, Europe, and Brazil. MacHale will focus on enhancing underwriting performa...
Burckhardt Compression has secured a milestone order to supply compressor solutions for the first industrial-scale liquid CO₂ (LCO₂) carrier, part of the Northern Lights Carbon Capture and Storage (CCS) project. This carrier enables efficient, flexib...
