Chicago Atlantic BDC, Inc. (the "Company") (NASDAQ:LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced that it has filed a shelf registration statement with the Securities and Exchange commission ("SEC"), that once declared effective, will allow the Company to issue up to $500 million of securities, including debt securities, from time to time in one or more offerings.
The shelf registration is intended to provide the Company with enhanced financial flexibility to efficiently access the capital markets to grow the Company's portfolio. Net proceeds from the sale of the securities may be used for general corporate purposes, which may include, among other things, investing in accordance with the Company's
investment objective and strategies, repayment of any outstanding indebtedness, paying operating expenses and other general corporate purposes.
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