Chicago Atlantic BDC, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
LIEN$9.10+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
| For the years ended December 31, · For the period from April 1, 2022 through December 31, 2022* | |||||
|---|---|---|---|---|---|
| 2024 · 2023 | |||||
| Cash flows from operating activities | |||||
| Net increase (decrease) in net assets resulting from operations | $9,622,538 | $7,340,108 | $1,923,639 | ||
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||||
| Net realized (gain) loss from investments | 74,483 | 210,767 | - | ||
| Net change in unrealized (appreciation) depreciation from investments | (246,004) | (922,031) | 273,348 | ||
| Net (accretion of discounts) and amortization of premiums | (1,101,295) | (810,554) | (165,398) | ||
| Purchase of investments | (29,943,975) | (8,442,000) | (50,362,500) | ||
| PIK interest capitalized | (743,775) | (115,725) | - | ||
| Proceeds from sales of investments and principal repayments | 21,410,831 | 6,214,093 | - | ||
| (Increase) Decrease in operating assets: | |||||
| Interest receivable | (1,827,250) | (196,279) | (1,549,867) | ||
| Receivable for investment sold | (4,122,500) | - | - | ||
| Due from affiliates | (2,361,019) | - | - | ||
| Prepaid expenses and other assets | (133,953) | (56,953) | 224,189 | ||
| Increase (Decrease) in operating liabilities: | |||||
| Income-based incentive fees payable | 487,692 | 1,511,253 | - | ||
| Management fee payable | 501,241 | 86,156 | 170,965 | ||
| Capital gains incentive fees payable | 34,304 | 87,583 | - | ||
| Professional fees payable | 26,856 | 221,639 | 54,810 | ||
| Transaction fees payable related to the Loan Portfolio Acquisition | 2,233,861 | 711,264 | - | ||
| Other payables | 32,397 | (19,841) | 8,305 | ||
| Due to affiliates | 905,129 | (37) | (48) | ||
| Excise tax payable | 78,054 | (69,911) | 80,566 | ||
| Deferred income payable | 37,752 | - | - | ||
| Offering cost payable | - | - | (264,581) | ||
| Organizational costs payable | - | - | (34,168) | ||
| Net cash (used in) provided by operating activities | (5,034,633) | 5,749,532 | (49,640,740) | ||
| Cash flows from financing activities | |||||
| Proceeds from issuance of common stock | 9,049,462 | - | - | ||
| Offering costs paid | (274,728) | - | - | ||
| Distributions paid | (12,419,330) | (8,263,217) | - | ||
| Net cash (used in) provided by financing activities | (3,644,596) | (8,263,217) | - | ||
| Net (decrease) increase in cash and cash equivalents | (8,679,229) | (2,513,685) | (49,640,740) | ||
| Cash and cash equivalents, beginning of period | 32,611,635 | 35,125,320 | 84,766,060 | ||
| Cash and cash equivalents, end of period | $23,932,406 | $32,611,635 | $35,125,320 | ||
| Supplemental disclosure and non-cash financing and investing activity | |||||
| Loans acquired for issuances of shares of common stock | $210,571,663 | $ | - | $ | - |
| Reinvestment of dividend distributions | 812 | 2,318 | - | ||
| Accrual for deferred financing costs (Note 2) | 47,881 | - | - | ||
| Accrual for deferred offering costs (Note 2) | 49,998 | - | - | ||
| Excise taxes paid | 41,969 | 80,566 | - | ||
| * | On November 8, 2022, our Board of Directors approved a change in our fiscal year end from March 31 to December 31. |
December 31, 2024
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.