Chicago Atlantic BDC, Inc.

Chicago Atlantic BDC, Inc. is an externally managed investment company incorporated in Maryland on January 25, 2021. The company operates as a business development company (BDC) under the Investment Company Act of 1940 and has elected to be treated as a regulated investment company (RIC) for U.S. federal income tax purposes, starting with its taxable year ended March 31, 2022. Chicago Atlantic BDC, Inc. is also an "emerging growth company" under the JOBS Act. The company completed its initial public offering (IPO) and began operations on February 8, 2022, with its common stock starting to trade on the Nasdaq Global Market on February 4, 2022. On October 1, 2024, the company acquired a portfolio of loans from Chicago Atlantic Loan Portfolio, LLC (CALP) in exchange for 16,605,372 newly issued shares of its common stock. The acquired Loan Portfolio had a fair value of $219,621,125 as of September 28, 2024.