Business Context and Reporting Period
This Form 8-K is a current report filed by Chicago Atlantic BDC, Inc. on April 13, 2026, regarding an event that occurred on April 10, 2026. The company is a Business Development Company (BDC) incorporated in Maryland, with its common stock trading on the Nasdaq Stock Market under the symbol LIEN.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
The primary material change reported is the departure of a director:
- Resignation: Patrick McCauley resigned as a director of the Board effective immediately on April 10, 2026.
- Reason: Mr. McCauley stated he is resigning to pursue other opportunities.
- Disagreement: The resignation was not accompanied by any disagreement regarding the Company's operations, policies, or practices.
- Board Composition: Following the resignation, the Board consists of five members, four of whom are independent.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on future performance, specific risks, contingencies, or unusual items beyond the director resignation.
Investor Verification Checklist
- Verify the updated composition of the Board of Directors and the independence status of the remaining members.
- Confirm whether the Board has initiated a search for a replacement director to fill the vacancy left by Mr. McCauley.
- Review subsequent filings (e.g., 10-Q or 10-K) for financial metrics, as this 8-K contains no financial data.