Sec Form 4 Filing - Silver Spike Capital, LLC @ Chicago Atlantic BDC, Inc. - 2024-12-19

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Silver Spike Capital, LLC 2. Issuer Name and Ticker or Trading Symbol Chicago Atlantic BDC, Inc. [ LIEN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 600 MADISON AVE, SUITE 1800 3. Date of Earliest Transaction (MM/DD/YY) 12/19/2024 (Street) NEW YORK, NY10022 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/19/2024 J( 1 ) 684,611 D $ 0 ( 1 ) 3,815,776 I See footnotes ( 2 ) ( 3 ) ( 4 ) ( 5 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

< td style="text-align: center; vertical-align: bottom;"> Officer Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Other Silver Spike Capital, LLC 600 MADISON AVE, SUITE 1800 NEW YORK, NY10022 X Silver Spike Holdings, LP 600 MADISON AVENUE, SUITE 1800 NEW YORK, NY10022 X Silver Spike Holdings GP, LLC 600 MADISON AVENUE, SUITE 1800 NEW YORK, NY10022 X Signatures Chicago Atlantic BDC Advisers, LLC, By: /s/ Scott Gordon, Name: Scott Gordon, Title: Manager 12/20/2024 Signature of Reporting Person Date Silver Spike Holdings, LP, By: Silver Spike Holdings GP, LLC, its General Partner, By: /s/ Scott Gordon, Name: Scott Gordon, Title: Manager 12/20/2024 Signature of Reporting Person Date Silver Spike Holdings GP, LLC, By: /s/ Scott Gordon, Name: Scott Gordon, Title: Manager 12/20/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents an in-kind distribution of shares of Common Stock to a limited partner of Silver Spike Holdings, LP for no consideration. ( 2 )Represents the shares of Common Stock held directly by Chicago Atlantic BDC Advisers, LLC (formerly, Silver Spike Capital, LLC). ( 3 )Silver Spike Holdings, LP owns over 25% of the ownership interests of Chicago Atlantic BDC Advisers, LLC. Silver Spike Holdings GP, LLC is the general partner of Silver Spike Holdings, LP. ( 4 )Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. ( 5 )Each of the Reporting Persons (other than Chicago Atlantic BDC Advisers, LLC to the extent that it directly holds shares of Common Stock) disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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