Chicago Atlantic BDC Inc 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the Quarterly Period Ended March 31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934Commission file number: 001-40564 CHICAGO ATLANTIC BDC, INC.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of May 13, 2026, the registrant had 22,820,590 shares of common stock ($0.01 par value per share) outstanding. CHICAGO ATLANTIC BDC, INC.FORM 10-Q TABLE OF CONTENTS NO.PART IFINANCIAL INFORMATIONItem 1Financial Statements (unaudited)2Statements of Assets and Liabilities2Statements of Operations3Statements of Changes in Net Assets4Statements of Cash Flows5Schedule of Investments6Notes to Financial Statements13Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations35Item 3Quantitative and Qualitative Disclosures About Market Risk51Item 4Controls and Procedures52PART IIOTHER INFORMATIONItem 1Legal Proceedings53Item 1ARisk Factors53Item 2Unregistered Sales of Equity Securities and Use of Proceeds53Item 3Defaults Upon Senior Securities53Item 4Mine Safety Disclosures53Item 5Other Information53Item 6Exhibits54SIGNATURES55 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Except where the context suggests otherwise, the terms “we,” “us,” “our,” “the Company,” and “LIEN” refer to Chicago AtlanticBDC, Inc. In addition, the terms “Adviser,” “investment adviser” and “administrator” refer toChicago Atlantic BDC Advisers,LLC, our external investment adviser and administrator. Some of the statements in this quarterly report on Form 10-Q constitute forward-looking statements because they relate to futureevents or our future performance or financial condition. The forward-looking statements contained in this quarterly report on Form10-Q may include statements as to: •uncertainties related to the potential impact of tariff enactment and tax reductions, and the risk of recession or ashutdown of government services, which could impact our business prospects and the prospects of our portfoliocompanies;•our future operating results and distribution projections;•the ability of the Adviser to attract and retain highly talented professionals;•our business prospects and the prospects of our portfolio companies;•the impact of interest and inflation rates on our business prospects and the prospects of our portfolio companies;•the impact of the investments that we expect to make;•the ability of our portfolio companies to achieve their objectives;•our expected financings and investments and the timing of our investments in our initial portfolio;•changes in regulation impacting the cannabis industry;•the adequacy of our cash resources and working capital; and•the timing of cash flows, if any, from the operations of our portfolio companies. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicateforward-looking statements, although not all forward-looking statements include these words. The forward-looking statementscontained in this quarterly report on Form 10-Q involve risks and uncertainties. Our actual results could differ materially from thoseimplied or expressed in the forward-looking statements for any reason, including the factors set forth in “Item 1A. Risk Factors” inour annual report on Form 10-K for the fiscal year ended December 31, 2025 and elsewhere in this quarterly report on Form 10-Q.Other factors that could cause actual results to differ material