Chicago Atlantic BDC, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 2025
LIEN$9.10+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| For the Nine Months Ended | |||
|---|---|---|---|
| September 30, 2025 · September 30, 2024 | |||
| Cash flows from operating activities | |||
| Net increase (decrease) in net assets resulting from operations | $25,032,683 | $1,647,660 | |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||
| Net change in unrealized (appreciation) depreciation from investments | (228,534) | (187,324) | |
| Net (accretion of discounts) and amortization of premiums | (2,105,692) | (501,303) | |
| Purchase of investments | (124,909,502) | (5,141,250) | |
| PIK interest capitalized | (1,499,341) | (182,634) | |
| Proceeds from sales of investments and principal repayments | 92,590,985 | 4,344,000 | |
| Amortization of deferred financing costs | 426,745 | - | |
| (Increase) Decrease in operating assets: | |||
| Interest receivable | (71,031) | 119,417 | |
| Receivable for investment sold | 4,122,500 | - | |
| Due from affiliates | 1,691,266 | - | |
| Prepaid expenses and other assets | 27,742 | (64,278) | |
| Other receivable | - | (401,313) | |
| Paydown receivable | - | (21,000) | |
| Increase (Decrease) in operating liabilities: | |||
| Income-based incentive fees payable | 348,529 | (1,511,253) | |
| Management fee payable | 641,483 | (3,700) | |
| Capital gains incentive fees payable | 45,707 | 37,465 | |
| Professional fees payable | 18,285 | (12,784) | |
| Transaction fees payable related to the Loan Portfolio Acquisition | (2,945,125) | 4,084,285 | |
| Other payables | 134,392 | 10,474 | |
| Due to affiliates | 80,753 | 51,142 | |
| Excise tax payable | (88,709) | (10,655) | |
| Unearned interest income | (22,253) | 42,550 | |
| Payable for investments purchased | - | - | |
| Net cash provided by (used in) operating activities | (6,709,117) | 2,299,499 | |
| Cash flows from financing activities | |||
| Offering costs paid | (1,090,931) | (138,933) | |
| Distributions paid | (15,515,682) | (4,660,638) | |
| Financing costs paid | (1,154,310) | - | |
| Proceeds from borrowings on revolving line of credit | 11,000,000 | - | |
| Net cash provided by (used in) financing activities | (6,760,923) | (4,799,571) | |
| Net increase (decrease) in cash and cash equivalents | (13,470,040) | (2,500,072) | |
| Cash and cash equivalents, beginning of period | 23,932,406 | 32,611,635 | |
| Cash and cash equivalents, end of period | $10,462,366 | $30,111,563 | |
| Supplemental disclosures | |||
| Excise taxes paid | $115,357 | $ | - |
| Non-cash operating, financing and investing activity | |||
| Reinvestment of dividend distribution | $2,189 | $579 | |
| Accrual for deferred financing costs (Note 2) | $1,106,429 | $41,061 | |
| Accrual for deferred offering costs (Note 2) | $101,286 | $1,127,739 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.