Chicago Atlantic BDC, Inc.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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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.
FY2025 · Filed Mar 19, 2026
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Item 15. Exhibits, Financial Statement Schedules
The following financial statements of the “Company” are filed herewith:
Report of Independent Registered Public Accounting Firm
Statements of Assets and Liabilities as of December 31, 2025 and 2024
Statements of Operations for the Years Ended December 31, 2025, 2024, and 2023
Statements of Changes in Net Assets for the Years Ended December 31, 2025, 2024, and 2023
Statements of Cash Flows for the Years Ended December 31, 2025, 2024, and 2023 of this annual report on Form
The following exhibits are as filed as part of this annual report on Form 10-K or hereby incorporated by reference to exhibits previously filed with the SEC:
| ExhibitNumber | Description of Exhibit |
| 2.1 | Purchase Agreement by and between Silver Spike Investment Corp. and Chicago Atlantic Loan Portfolio, LLC dated as of February 18, 2024 (1) |
| 3.1 | Articles of Amendment and Restatement of the Company (2) |
| 3.2 | Articles of Amendment of the Company (3) |
| 3.3 | Second Amended and Restated Bylaws of the Company (4) |
| 4.1 | Description of Securities (5) |
| 10.1 | Credit Agreement (6) |
| 10.2 | Investment Advisory Agreement by and between the Company and Chicago Atlantic BDC Advisers, LLC(7) |
| 10.3 | WATC Custody Agreement (8) |
| 10.4 | WAB Custody Agreement(9) |
| 10.5 | Administration Agreement by and between Registrant and Chicago Atlantic BDC Advisers, LLC (10) |
| 10.6 | License Agreement by and between Registrant and Chicago Atlantic BDC Advisers, LLC (11) |
| 10.7 | Services Agreement (12) |
| 10.8 | Expense Limitation Agreement, dated October 1, 2024, between the Company and Chicago Atlantic BDC Advisers, LLC (13) |
| 14.1 | Code of Ethics of the Company * |
| 19.1 | Insider Trading Policies and Procedures of the Company (14) |
| 24.1 | Power of Attorney (included on signature page hereto) |
| 31.1 | Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 31.2 | Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 32.1 | Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* |
| 32.2 | Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* |
| 97.1 | Clawback Policy of Chicago Atlantic BDC, Inc (15) |
| 101.INS | Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document. |
| 101.SCH | Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
- Filed herewith.
(1)
Incorporated by reference to Exhibit 2.1 of the Company’s current report on Form 8-K filed on February 23, 2024.
(2)
Incorporated by reference to Exhibit 3.1 of the Company’s annual report on Form 10-K/A, filed on June 30, 2022.
(3)
Incorporated by reference to Exhibit 3.2 of the Company’s quarterly report on Form 10-Q filed on November 8, 2024.
(4)
Incorporated by reference to Exhibit 3.3 of the Company’s current report on Form 8-K, filed on December 19, 2025.
(5)
Incorporated by reference to Exhibit 4.1 of the Company’s annual report on Form 10-K/A, filed on June 30, 2022.
(6)
Incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K, filed on February 18, 2025.
(7)
Incorporated by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed on October 7, 2024.
(8)
Incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed on February 18, 2025.
(9)
Incorporated by reference to Exhibit 10.3 of the Company’s current report on Form 8-K filed on February 18, 2025.
(10)
Incorporated by reference to Exhibit 10.4 of the Company’s annual report on Form 10-K/A, filed on June 30, 2022.
(11)
Incorporated by reference to Exhibit 10.2 of the Company’s current report on Form 8-K filed on October 7, 2024.
(12)
Incorporated by reference to Exhibit 10.6 of the Company’s annual report on Form 10-K/A, filed on June 30, 2022.
(13)
Incorporated by reference to Exhibit 10.3 of the Company’s current report on Form 8-K filed on October 7, 2024.
(14)
Incorporated by reference to Exhibit 19.1 of the Company’s annual report on Form 10-K filed on March 31, 2025.
(15)
Incorporated by reference to Exhibit 79 of the Company’s amended annual report on Form 10-K/A filed on April 18, 2025.
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