SCHEDULE: Palmer Square Capital BDC Stake Update

Filers report a combined 10.09% stake in Palmer Square Capital BDC Inc. following an amendment to correct entity identification.

Summary

• This filing is an amendment (Amendment No. 3) to a Schedule 13G, which reports beneficial ownership of securities.
• The amendment corrects a previous administrative error where an incorrect entity (BFFV 19) was identified instead of the correct entity, BFFV, LLC.
• The reporting persons are 1248 Holdings, LLC, BFFV, LLC, MCHC, LLC, and Martin Christopher Bicknell.
• Collectively, these entities and Mr. Bicknell beneficially own 3,139,713 shares of Palmer Square Capital BDC Inc. common stock.
• This represents a total of 10.09% of the class of securities outstanding as of May 5, 2026.
• Specifically, 1248 Holdings, LLC owns 1,562,896 shares (5.02%), BFFV, LLC owns 1,391,817 shares (4.47%), and MCHC, LLC owns 185,000 shares (0.59%).
• Martin Christopher Bicknell is the Elected Manager of entities that collectively own all membership interests of BFFV and has sole voting and dispositive power over shares owned by 1248 Holdings. He is the sole member of MCHC, thus may be deemed an indirect beneficial owner of shares owned by BFFV, 1248 Holdings, and MCHC.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily serves to correct an administrative error in ownership reporting without providing new financial or strategic information.

Positives

• The amendment clarifies ownership structures, ensuring accurate reporting.
• The reporting persons collectively hold a significant stake (10.09%) in Palmer Square Capital BDC Inc., indicating substantial investor interest.
• The filing confirms that the securities are held in the ordinary course of business, suggesting no intent to disrupt company control.

Negatives

• The need for an amendment indicates a prior administrative error in reporting, which could raise minor concerns about internal controls.
• The filing does not provide any financial performance data or strategic updates for Palmer Square Capital BDC Inc., limiting insight into the company's health.

Risks

• Potential for further administrative errors in reporting, although this amendment aims to rectify a past one.
• The concentration of ownership among a few entities and an individual could lead to concentrated influence on corporate decisions.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• This Amendment No. 3 to the Schedule 13G filed on May 29, 2026 is being filed solely to correct an administrative error whereby the filing inadvertently identified BFFV 19, an entity that no longer owned the reported securities, instead of BFFV, LLC.
• This amendment reflects BFFV, LLC as the correct entity with respect to the reported securities.
• No other changes are being made hereby.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are crucial for tracking significant ownership stakes in publicly traded companies, particularly in sectors like Business Development Companies (BDCs) where investor concentration can influence strategy and governance.

Stakeholder Impact

• Shareholders: The clarification of ownership may provide greater transparency regarding significant stakeholders, though it does not alter the existing ownership structure.
• Management: The correction of the filing error may necessitate internal review of reporting processes.
• Regulators: Ensures accurate compliance with SEC reporting requirements.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership of Palmer Square Capital BDC Inc. shares.
• Future amendments to Schedule 13G will be filed if ownership levels change significantly or if other reporting requirements are triggered.

Key Dates

Keywords

Schedule 13G, Palmer Square Capital BDC Inc., Beneficial Ownership, 1248 Holdings, LLC, BFFV, LLC, MCHC, LLC, Martin Christopher Bicknell, Amendment, Common Stock, SEC Filing