Chicago Atlantic BDC, Inc 8-K, filed Oct 22, 2024
Chicago Atlantic BDC, Inc. (LIEN)
About this 8-K
Chicago Atlantic BDC, Inc filed this 8-K on October 22, 2024, reporting on events of October 21, 2024.
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM
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CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition.
On October 21, 2024, Chicago Atlantic BDC, Inc. (“Chicago Atlantic BDC”) issued a press release announcing that it will (i) report its financial results for the third quarter ended September 30, 2024 before market open on Friday, November 8, 2024, and (ii) discuss those financial results in an earnings conference call and webcast at 8:00 a.m. Eastern Time on Friday, November 8, 2024. This press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | |
| Number | ||
| 99.1 | Press Release dated October 21, 2024. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Chicago Atlantic BDC, Inc. | ||
| October 22, 2024 | ||
| By: | /s/ Umesh Mahajan | |
| Name: | Umesh Mahajan | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
Chicago Atlantic BDC, Inc. Schedules Third Quarter 2024 Financial Results Conference Call
NEW YORK, October 21, 2024 (GLOBE NEWSWIRE)—
Chicago Atlantic BDC, Inc. (“Chicago Atlantic BDC” or the “Company”)
(NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced it will
report financial results for its third quarter ended September 30, 2024, before market open on Friday, November 8, 2024.
Chicago Atlantic BDC will host a conference call and webcast to discuss the Company's financial
results at 8:00 a.m. Eastern Time on Friday, November 8, 2024. Participants may register for the call here.
A live webcast of the call will also be available on the Chicago Atlantic BDC website at lien.chicagoatlantic.com.
A replay of the call will be available at lien.chicagoatlantic.com by
the end of day November 8, 2024.
Call Details – Chicago Atlantic
BDC, Inc. Third Quarter 2024 Financial Results:
| · | When: Friday, November 8, 2024 |
| · | Time: 8:00 a.m. ET |
| · | Webcast Live Stream: https://edge.media-server.com/mmc/p/525dhocn |
| · | Replay: lien.chicagoatlantic.com |
About Chicago Atlantic BDC, Inc.
The Company is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, and has elected to be treated as a regulated investment company for U.S. federal income tax purposes. The Company’s investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a focus on cannabis companies. The Company is managed by Chicago Atlantic BDC Advisers, LLC, an investment manager focused on the cannabis and other niche or underfollowed sectors. For more information, please visit lien.chicagoatlantic.com.
Forward-Looking Statements
Certain information contained herein may constitute “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about the Company, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in the
Company’s filings with the Securities and Exchange Commission. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which the Company makes them. The Company does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Contact:
Tripp Sullivan
SCR Partners
LIEN@chicagoatlantic.com