SSIC 2025 vote: VedBrat keeps board seat; BDO ratified

Rhea-AI Filing Summary

Chicago Atlantic BDC (Nasdaq:LIEN) filed a routine Form 8-K reporting the results of its 2025 annual meeting held on June 25, 2025.

Shareholders re-elected director Supurna VedBrat with 11,567,432 votes FOR and ratified BDO USA, P.C. as independent auditor with 13,278,878 votes FOR. Approximately 58 % of the 22,820,408 outstanding shares were represented. No other business or material changes were disclosed.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 25, 2025

Chicago Atlantic BDC, Inc.

(Exact name of Registrant as Specified in Its Charter)

Maryland		001-40564		86-2872887
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

600 Madison Avenue, Suite 1800 New York, New York		10022
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (212) 905-4923

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value per share		LIEN		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07. Submission of Matters to a Vote of Security Holders.

On June 25, 2025, Chicago Atlantic BDC, Inc. (the “Company”) held its 2025 annual meeting of stockholders (the “Annual Meeting”). The Company submitted two matters to the vote of its stockholders, which are described in detail in the Company’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on April 30, 2025. As of the close of business on April 25, 2025, the record date for the Annual Meeting, there were 22,820,408 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting. A summary of the matters voted upon by the Company’s stockholders at the Annual Meeting is set forth below.

Proposal 1: Election of Director

The Company’s stockholders re-elected one member of the board of directors of the Company to serve until the 2028 annual meeting of stockholders and until her successor is duly elected and qualified. The following votes were taken in connection with this proposal:

Name		For		Withhold		Broker  Non-Votes
Supurna VedBrat		11,567,432		78,584		1,705,332

Proposal 2: Ratification of Selection of BDO USA, P.C.

The Company’s stockholders ratified the selection of BDO USA, P.C. to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The following votes were taken in connection with this proposal:

For		Against		Abstain
13,278,878		71,179		1,291

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit Number		Description
104		Coverage Page Interactive Data File (embedded within the Inline XRBL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Chicago Atlantic BDC, Inc.
June 27, 2025	By:	/s/ Umesh Mahajan
		Name:	Umesh Mahajan
		Title:	Secretary

FAQ

What matters did [[SSIC]] shareholders vote on at the 2025 annual meeting?

They voted on the re-election of director Supurna VedBrat and the ratification of BDO USA, P.C. as independent auditor for 2025.

What were the vote totals for [[SSIC]]’s director election?

Supurna VedBrat received 11,567,432 FOR and 78,584 WITHHOLD votes; there were 1,705,332 broker non-votes.

Did [[SSIC]] shareholders approve BDO USA, P.C. as auditor for 2025?

Yes. The proposal passed with 13,278,878 FOR, 71,179 AGAINST and 1,291 ABSTAIN votes.

How many [[SSIC]] shares were entitled to vote at the meeting?

A total of 22,820,408 common shares were outstanding and eligible as of the April 25, 2025 record date.