Chicago Atlantic BDC, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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 Operations
| For the years ended December 31, · For the period from April 1, 2022 through December 31, 2022* | |||
|---|---|---|---|
| 2024 · 2023 | |||
| INVESTMENT INCOME | |||
| Non-control/non-affiliate investment income | |||
| Interest income | $19,905,843 | $11,736,649 | $3,626,792 |
| Fee income | 1,759,910 | 196,251 | 410,000 |
| Total investment income | 21,665,753 | 11,932,900 | 4,036,792 |
| EXPENSES | |||
| Transaction expenses related to the Loan Portfolio Acquisition | 5,341,779 | 711,264 | - |
| Income-based incentive fees | 2,327,448 | 1,511,253 | - |
| Management fee | 1,504,239 | 1,013,764 | 336,432 |
| General and administrative expenses | 700,000 | - | - |
| Professional fees | 527,358 | 435,090 | 206,259 |
| Audit expense | 497,200 | 499,698 | 210,284 |
| Administrator fees | 449,974 | 335,253 | 171,494 |
| Other expenses | 430,254 | 355,672 | 350,358 |
| Legal expenses | 282,156 | 343,824 | 484,412 |
| Excise tax expense | 120,024 | 10,655 | 80,566 |
| Capital gains incentive fees | 34,304 | 87,583 | - |
| Total expenses | 12,214,736 | 5,304,056 | 1,839,805 |
| NET INVESTMENT INCOME (LOSS) | 9,451,017 | 6,628,844 | 2,196,987 |
| NET REALIZED GAIN (LOSS) FROM INVESTMENTS | |||
| Non-controlled non-affiliate investments | (74,483) | (210,767) | - |
| Net realized gain (loss) from investments | (74,483) | (210,767) | - |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) FROM INVESTMENTS | |||
| Non-controlled/non-affiliate investments | 246,004 | 922,031 | (273,348) |
| Net change in unrealized appreciation (depreciation) from investments | 246,004 | 922,031 | (273,348) |
| Net realized and unrealized gains (losses) | 171,521 | 711,264 | (273,348) |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | 9,622,538 | 7,340,108 | 1,923,639 |
| NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC AND DILUTED | $0.91 | $1.07 | $0.35 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC AND DILUTED | $0.93 | $1.18 | $0.31 |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED | 10,343,621 | 6,214,682 | 6,214,672 |
| * | On November 8, 2022, our Board of Directors approved a change in our fiscal year end from March 31 to December 31. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.