SCHEDULE 13G/A: Palmer Square Capital BDC: Key Shareholder Updates Beneficial Ownership Filing

An updated Schedule 13G filing for Palmer Square Capital BDC Inc. reveals an internal share transfer between related entities, with no change in overall beneficial ownership or control.

Summary

• The filing is Amendment No. 1 to the Schedule 13G for Palmer Square Capital BDC Inc.
• The reporting persons are 1248 Holdings, LLC, BFFV, LLC, and Martin Christopher Bicknell.
• The amendment reflects an internal transfer of shares from BFFV19, LLC to BFFV, LLC.
• Crucially, there has been no change in beneficial ownership, control, or percentage of shares held by the reporting persons as a result of this transfer.
• Martin Christopher Bicknell serves as the Elected Manager of the entities that collectively own all outstanding membership interests of BFFV, and he holds sole voting and dispositive power over shares owned by 1248 Holdings, making him an indirect beneficial owner of shares held by both BFFV and 1248 Holdings.
• As of February 28, 2024, Palmer Square Capital BDC Inc. had 32,552,794 shares of common stock issued and outstanding.
• 1248 Holdings, LLC beneficially owns 1,562,897 shares, representing 4.8% of the class.
• BFFV, LLC beneficially owns 1,391,878 shares, representing 4.28% of the class.
• Martin Christopher Bicknell beneficially owns an aggregate of 2,954,715 shares, representing 9.08% of the class.

Sentiment

Score: 5

Explanation: The document reports a routine beneficial ownership update due to an internal share transfer, explicitly stating no change in overall beneficial ownership or control. This indicates a neutral impact.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategy.

Management Comments

• "This Amendment No.1 to Schedule 13G is being filed solely to reflect an internal transfer of shares from BFFV19, LLC to BFFV, LLC."
• "There has been no change in beneficial ownership, control, or percentage of shares held."
• "All other information remains unchanged from the most recent filing."

Industry Context

This Schedule 13G filing is a routine disclosure of beneficial ownership and does not provide specific industry context or trends. It primarily details an internal ownership structure adjustment for a Business Development Company (BDC).

Stakeholder Impact

• Shareholders: Minimal direct impact as the filing indicates an internal transfer with no change in overall beneficial ownership or control by the reporting persons. It clarifies the structure of existing ownership.

Key Dates

Keywords

Palmer Square Capital BDC Inc., Schedule 13G, beneficial ownership, common stock, 1248 Holdings LLC, BFFV LLC, Martin Christopher Bicknell, SEC filing, share ownership