Form 4: Chicago Atlantic Loan Portfolio Distributes Shares of Chicago Atlantic BDC
SEC Form 4 Filing
Chicago Atlantic Loan Portfolio, LLC distributed 1,510,593 shares of Chicago Atlantic BDC, Inc.'s restricted common stock to its members on October 9, 2024.
Summary
- On October 9, 2024, Chicago Atlantic Loan Portfolio, LLC distributed 1,510,593 shares of Chicago Atlantic BDC, Inc.'s restricted common stock to certain of its members.
- The distribution was pro rata and for no consideration.
- Following the transaction, Chicago Atlantic Loan Portfolio, LLC beneficially owns 14,338,594 shares of Chicago Atlantic BDC, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a share distribution, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when significant changes in beneficial ownership occur, providing transparency to the market.
Stakeholder Impact
- The share distribution may have a minor impact on shareholders due to the change in ownership structure.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of the share distribution by Chicago Atlantic Loan Portfolio, LLC |
| 10/15/2024 | Date of signature on the Form 4 filing |
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