Chicago Atlantic BDC, Inc.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
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, | ||||
|---|---|---|---|---|
| 2025 · 2024 · 2023 | ||||
| Cash flows from operating activities | ||||
| Net increase (decrease) in net assets resulting from operations | $33,279,179 | $9,622,538 | $7,340,108 | |
| 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 | (207,930) | (246,004) | (922,031) | |
| Net (accretion of discounts) and amortization of premiums | (2,700,864) | (1,101,295) | (810,554) | |
| Purchase of investments | (156,219,502) | (29,943,975) | (8,442,000) | |
| PIK interest capitalized | (2,558,891) | (743,775) | (115,725) | |
| Proceeds from sales of investments and principal repayments | 103,616,798 | 21,410,831 | 6,214,093 | |
| Amortization of deferred financing costs | 628,985 | - | - | |
| Net realized (gain) loss from investments | - | 74,483 | 210,767 | |
| (Increase) Decrease in operating assets: | ||||
| Interest receivable | 407,019 | (1,827,250) | (196,279) | |
| Receivable for investment sold | 4,122,500 | (4,122,500) | - | |
| Due from affiliates | 556,987 | (2,361,019) | - | |
| Prepaid expenses and other assets | 129,546 | (133,953) | (56,953) | |
| Increase (Decrease) in operating liabilities: | ||||
| Income-based incentive fees payable | 74,374 | 487,692 | 1,511,253 | |
| Management fee payable | 688,108 | 501,241 | 86,156 | |
| Capital gains incentive fees payable | 41,586 | 34,304 | 87,583 | |
| Professional fees payable | (2,193) | 26,856 | 221,639 | |
| Transaction fees payable related to the Loan Portfolio Acquisition | (2,945,125) | 2,233,861 | 711,264 | |
| Other payables | 238,555 | 32,397 | (19,841) | |
| Due to affiliates | 406,475 | 905,129 | (37) | |
| Excise tax payable | (19,100) | 78,054 | (69,911) | |
| Unearned interest income | (14,238) | 37,752 | - | |
| Net cash provided by (used in) operating activities | (20,477,731) | (5,034,633) | 5,749,532 | |
| Cash flows from financing activities | ||||
| Offering costs paid | (1,090,931) | (274,728) | - | |
| Distributions paid | (23,274,682) | (12,419,330) | (8,263,217) | |
| Financing costs paid | (1,154,310) | - | - | |
| Proceeds from borrowings on revolving line of credit | 51,500,000 | - | - | |
| Principal payments under revolving line of credit | (26,500,000) | - | - | |
| Proceeds from issuance of common stock | - | 9,049,462 | - | |
| Net cash provided by (used in) financing activities | (519,923) | (3,644,596) | (8,263,217) | |
| Net increase (decrease) in cash and cash equivalents | (20,997,654) | (8,679,229) | (2,513,685) | |
| Cash and cash equivalents, beginning of period | 23,932,406 | 32,611,635 | 35,125,320 | |
| Cash and cash equivalents, end of period | $2,934,752 | $23,932,406 | $32,611,635 | |
| Supplemental disclosures | ||||
| Excise taxes paid | $115,357 | $41,969 | $80,566 | |
| Interest expense paid | 37,979 | - | - | |
| Non-cash operating, financing and investing activity | ||||
| Accrual for deferred financing costs (Note 2) | $1,106,429 | $47,881 | $ | - |
| Accrual for deferred offering costs (Note 2) | 101,286 | 49,998 | - | |
| Reinvestment of dividend distribution | 2,189 | 812 | 2,318 | |
| Loans acquired for issuances of shares of common stock | - | 210,571,663 | - | |
December 31, 2025
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.