Palmer Square Capital BDC Inc. reports amended Schedule 13G/A disclosing ownership stakes by affiliated entities and Martin Christopher Bicknell. The filing lists 31,120,814 shares outstanding as of May 5, 2026 and shows 3,139,713 shares (10.09%) deemed beneficially owned by Mr. Bicknell via affiliated entities. The filing identifies 1,562,896 shares (5.02%) for 1248 Holdings, 1,391,817 shares (4.47%) for BFFV19, and 185,000 shares (0.59%) for MCHC, with shared voting and dispositive power noted.
Positive
None.
Negative
None.
Insights
Ownership aggregation and manager attribution clarified for related LLCs and an individual.
The submission states 31,120,814 shares outstanding as of May 5, 2026 and attributes beneficial ownership across affiliated entities: 1248 Holdings 1,562,896, BFFV19 1,391,817, MCHC 185,000, totaling an aggregated 3,139,713 shares for Mr. Bicknell. The filing ties voting/dispositive power to affiliated structures and cites manager/member relationships.
Legal and proxy considerations depend on these attributions; subsequent filings should be checked for any changes in ownership percentages or attribution language.
Filing follows Rule 13d‑1(k) joint filing practice and specifies shared powers.
The document includes a joint filing agreement and discloses that Mr. Bicknell may be deemed an indirect beneficial owner because he is Elected Manager/sole member of the named entities. The submission records shared voting and dispositive power numbers for each entity as listed.
Regulatory focus: the exact share counts and the May 5, 2026 outstanding share anchor are the compliance anchors for percent calculations in this amendment.
Key Figures
Shares outstanding:31,120,814 sharesBicknell beneficial ownership:3,139,713 shares1248 Holdings ownership:1,562,896 shares+2 more
5 metrics
Shares outstanding31,120,814 sharesas of May 5, 2026
Bicknell beneficial ownership3,139,713 shares10.09% of class
1248 Holdings ownership1,562,896 shares5.02% of class
"1,562,896 shares are owned directly by 1248 Holdings"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Shared Dispositive Power 1,562,896.00"
joint filing agreementregulatory
"JOINT FILING AGREEMENT Pursuant to Rule 13(d)-1(k)(1)"
What stake does Martin Christopher Bicknell report in PSBD?
Mr. Bicknell is listed as the beneficial owner of 3,139,713 shares (10.09%). The filing attributes this position to his roles with affiliated entities and aggregates shared voting and dispositive power accordingly.
How many Palmer Square Capital BDC shares were outstanding for the percent calculations?
The filing uses 31,120,814 shares outstanding as of May 5, 2026 from the company's Form 10‑Q to compute the reported ownership percentages for the filing parties.
Which entities are included in the joint filing and their reported holdings?
The joint filing lists 1248 Holdings (1,562,896; 5.02%), BFFV19 (1,391,817; 4.47%), and MCHC (185,000; 0.59%) as the affiliated entities whose holdings are reported in the amendment.
Does the filing state who holds voting or dispositive power over the shares?
Yes. The amendment reports shared voting and dispositive power for each listed entity and explains Mr. Bicknell’s managerial/member roles that result in deemed indirect beneficial ownership and shared powers.
Is this filing a joint or single filer disclosure for PSBD?
It is a joint filing under Rule 13d‑1(k) accompanied by a joint filing agreement; multiple parties signed to have the statement filed on behalf of the undersigned filers.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Palmer Square Capital BDC Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
69702V107
(CUSIP Number)
05/27/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
69702V107
1
Names of Reporting Persons
1248 Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MISSOURI
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,562,896.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,562,896.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,562,896.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.02 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: 1248 Holdings, LLC ("1248 Holdings")
SCHEDULE 13G
CUSIP Number(s):
69702V107
1
Names of Reporting Persons
BFFV19, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MISSOURI
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,391,817.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,391,817.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,391,817.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.47 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: BFFV19, LLC ("BFFV19")
SCHEDULE 13G
CUSIP Number(s):
69702V107
1
Names of Reporting Persons
Martin Christopher Bicknell
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,139,713.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,139,713.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,139,713.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.09 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Martin Christopher Bicknell (Mr. Bicknell)
SCHEDULE 13G
CUSIP Number(s):
69702V107
1
Names of Reporting Persons
MCHC, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
185,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
185,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
185,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.59 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: MCHC, LLC ("MCHC")
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Palmer Square Capital BDC Inc.
(b)
Address of issuer's principal executive offices:
1900 Shawnee Mission Parkway, Suite 315, Mission Woods, Kansas 66205
Item 2.
(a)
Name of person filing:
1248 Holdings, LLC ("1248 Holdings")
BFFV, LLC ("BFFV")
MCHC, LLC ("MCHC")
Martin Christopher Bicknell (Mr. Bicknell)
1,562,896 shares are owned directly by 1248 Holdings. 1,391,817 shares are owned directly by BFFV. 185,000 shares are owned directly by MCHC. Mr. Bicknell is the Elected Manager of each of the entities that collectively own all of the outstanding membership interests of BFFV and has sole voting and dispositive power over the shares owned by 1248 Holdings. Mr. Bicknell is the sole member of MCHC. Thus, Mr. Bicknell may be deemed to be an indirect beneficial owner of the shares owned by each of BFFV, 1248 Holdings, and MCHC.
(b)
Address or principal business office or, if none, residence:
The address of the principal offices of 1248 Holdings and the business address of Mr. Bicknell is 4622 Pennsylvania Ave, Ste 600 Kansas City, MO 64112. The principal office of BFFV and MCHC is 5700 W. 112th St. Ste 500, Overland Park, KS 66211.
(c)
Citizenship:
1248 Holdings is a Missouri limited liability company.
BFFV is a Kansas limited liability company.
MCHC is a Kansas limited liability company.
Mr. Bicknell is a U.S. citizen.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
69702V107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Based on Palmer Square Capital BDC Inc.'s Form 10-Q for the quarter ending March 31,2026, there were 31,120,814 shares of common stock issued and outstanding as of May 5, 2026:
1,562,896 shares deemed beneficially owned by 1248 Holdings
1,391,817 shares deemed beneficially owned by BFFV
185,000 shares deemed beneficially owned by MCHC
3,139,713 shares deemed beneficially owned by Mr. Bicknell
(b)
Percent of class:
5.02% deemed beneficially owned by 1248 Holdings
4.47% deemed beneficially owned by BFFV
0.59% deemed beneficially owned by MCHC
10.09% deemed beneficially owned by Mr. Bicknell
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
1248 Holdings, LLC
Signature:
/s/ Christian Scharosch
Name/Title:
Christian Scharosch, Authorized Signatory
Date:
05/29/2026
BFFV19, LLC
Signature:
/s/ Martin C. Bicknell
Name/Title:
Martin C. Bicknell, Manager
Date:
05/29/2026
Martin Christopher Bicknell
Signature:
/s/ Martin C. Bicknell
Name/Title:
Martin Christopher Bicknell, Manager
Date:
05/29/2026
MCHC, LLC
Signature:
/s/ Martin C. Bicknell
Name/Title:
Martin Christopher Bicknell, Manager
Date:
05/29/2026
Exhibit Information
JOINT FILING AGREEMENT
Pursuant to Rule 13(d)-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned acknowledges and agrees that the foregoing statement on Schedule 13G is filed on behalf of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of the undersigned without the necessity of filing additional joint acquisition statements. Each of the undersigned acknowledges that it shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other persons making the filing, except to the extent that he or it knows or has reason to believe that such information is inaccurate. This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.
