Chicago Atlantic Loan Portfolio Files 13D/A Amendment
Ticker: LIEN · Form: SC 13D/A · Filed: Oct 15, 2024 · CIK: 1843162
| Field | Detail |
|---|---|
| Company | Chicago Atlantic Bdc, Inc. (LIEN) |
| Form Type | SC 13D/A |
| Filed Date | Oct 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 13d-amendment, ownership-disclosure
TL;DR
Chicago Atlantic Loan Portfolio updated its 13D filing for Chicago Atlantic BDC, Inc. on Oct 15.
AI Summary
Chicago Atlantic Loan Portfolio, LLC filed an amendment (No. 1) to its Schedule 13D on October 15, 2024, regarding its holdings in Chicago Atlantic BDC, Inc. The filing indicates a change in the reporting person's information and confirms the subject company's name and CUSIP number. The filing date of the event requiring this statement was October 9, 2024.
Why It Matters
This filing is an update to a previous disclosure regarding significant ownership in Chicago Atlantic BDC, Inc., potentially signaling changes in the investor's stake or strategy.
Risk Assessment
Risk Level: low — This is a routine amendment to a Schedule 13D filing, primarily updating contact information and confirming existing details.
Key Players & Entities
- Chicago Atlantic Loan Portfolio, LLC (company) — Reporting person filing the amendment
- Chicago Atlantic BDC, Inc. (company) — Subject company
- October 15, 2024 (date) — Filing date of the amendment
- October 9, 2024 (date) — Date of event requiring filing
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is Amendment No. 1 to Schedule 13D, primarily updating information related to the reporting person and confirming details about the subject company.
Who is the reporting person in this filing?
The reporting person is Chicago Atlantic Loan Portfolio, LLC.
What company is the subject of this filing?
The subject company is Chicago Atlantic BDC, Inc.
When was the event that required this filing to be made?
The date of the event which requires filing of this statement was October 9, 2024.
What is the CUSIP number for Chicago Atlantic BDC, Inc. mentioned in the filing?
The CUSIP number for Chicago Atlantic BDC, Inc. is 828174102.
Filing Stats: 739 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-10-15 06:18:38
Key Financial Figures
- $0.01 — , Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of
Filing Documents
- ea0217502-13da1chicago_chica.htm (SC 13D/A) — 34KB
- 0001213900-24-087417.txt ( ) — 36KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration.
of this Schedule 13D is hereby amended and
Item 3 of this Schedule 13D is hereby amended and supplemented as follows: On October 9, 2024, the Reporting Person distributed 1,510,593 shares of the Issuer’s restricted common stock to certain of its members. As of October 9, 2024, the Reporting Person was the beneficial owner of 14,338,594 shares of the Issuer’s common stock.
Purpose of Transaction
Item 4. Purpose of Transaction.
of this Schedule 13D is hereby amended and
Item 4 of this Schedule 13D is hereby amended and supplemented as follows: The Reporting Person has no present plans, proposals or intentions which relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
(a)-(c) of this Schedule 13D is hereby amended and
Item 5(a)-(c) of this Schedule 13D is hereby amended and supplemented as follows: (a) The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by the Reporting Person is stated in Items 11 and 13 on the cover page hereto . (b) The number of shares as to which the Reporting Person has sole power to vote or dispose of is stated in Items 7 and 9 on the cover page hereto. (c) Except as disclosed in this Schedule 13D, the Reporting Persons have not effected any transaction in common stock of the Issuer during the past 60 days. 3 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: October 15, 2024 Chicago Atlantic Loan Portfolio, LLC By: /s/ John Mazarakis Name: John Mazarakis Title: Authorized Person 4