Chicago Atlantic BDC, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
LIEN$9.07-0.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Operations
| For the Three Months Ended · For the Six Months Ended | |||||
|---|---|---|---|---|---|
| June 30, 2025 · June 30, 2024 · June 30, 2025 · June 30, 2024 | |||||
| INVESTMENT INCOME | |||||
| Non-control/non-affiliate investment income | |||||
| Interest income | $11,906,066 | $2,790,333 | $23,185,522 | $5,516,830 | |
| Fee income | 1,173,972 | 291,000 | 1,817,518 | 324,750 | |
| Total investment income | 13,080,038 | 3,081,333 | 25,003,040 | 5,841,580 | |
| EXPENSES | |||||
| Income-based incentive fees | 1,968,637 | 328,503 | 3,884,914 | 328,503 | |
| Management fee | 1,345,331 | 246,324 | 2,606,206 | 492,455 | |
| General and administrative expense | 1,366,783 | - | 2,341,260 | - | |
| Legal expenses | 313,139 | 81,822 | 564,065 | 139,873 | |
| Professional fees | 275,860 | 100,787 | 491,586 | 120,136 | |
| Interest expense | 301,260 | - | 446,641 | - | |
| Audit expense | 153,750 | 96,925 | 343,752 | 203,550 | |
| Other expenses | 169,717 | 113,688 | 314,139 | 199,158 | |
| Sub-administrator fees | 128,805 | 101,187 | 286,590 | 199,643 | |
| Capital gains incentive fees | 183,932 | (46,555) | 177,119 | 73,369 | |
| Transaction expenses related to the Loan Portfolio Acquisition | - | 533,019 | ` | - | 2,639,069 |
| Total expenses | 6,207,214 | 1,555,700 | 11,456,272 | 4,395,756 | |
| Waiver of General and administrative expense (Note 6) | - | - | (658,477) | - | |
| Expense limitation agreement (Note 6) | (791,783) | - | (1,107,783) | - | |
| Net expenses | 5,415,431 | 1,555,700 | 9,690,012 | 4,395,756 | |
| NET INVESTMENT INCOME (LOSS) | 7,664,607 | 1,525,633 | 15,313,028 | 1,445,824 | |
| NET REALIZED GAIN (LOSS) FROM INVESTMENTS | |||||
| Non-controlled non-affiliate investments | - | - | - | - | |
| Net realized gain (loss) from investments | - | - | - | - | |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | |||||
| Non-controlled non-affiliate investments | 919,658 | (232,772) | 885,594 | 366,848 | |
| Net change in unrealized appreciation (depreciation) on investments | 919,658 | (232,772) | 885,594 | 366,848 | |
| Net realized and unrealized gains (losses) | 919,658 | (232,772) | 885,594 | 366,848 | |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $8,584,265 | $1,292,861 | $16,198,622 | $1,812,672 | |
| NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC AND DILUTED | $0.34 | $0.25 | $0.67 | $0.23 | |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC AND DILUTED | $0.38 | $0.21 | $0.71 | $0.29 | |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED | 22,820,405 | 6,214,949 | 22,820,396 | 6,214,945 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.