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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(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)

SCHEDULE 13D/A 0001213900-24-087323 0002041022 XXXXXXXX LIVE 2 Common Stock, $0.01 par value per share 04/09/2025 false 0001843162 828174102 Chicago Atlantic BDC, Inc. 600 Madison Ave, Suite 1800 New York NY 10022 John Mazarakis (312) 809-7002 420 N. Wabash Avenue Suite 500 Chicago IL 60611 0002041022 N Chicago Atlantic Loan Portfolio, LLC OO N DE 0.00 0.00 0.00 0.00 0.00 N 0 OO Chicago Atlantic BDC, Inc. 600 Madison Ave, Suite 1800 New York NY 10022 This Amendment No. 2 ("Amendment No. 2") to Schedule 13D relates to the shares of common stock of Chicago Atlantic BDC, Inc. (the "Issuer"), and amends and supplements the initial statement on Schedule 13D filed on October 11, 2024 (as amended on October 15, 2024, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 2 shall have the same meanings ascribed to them in the Schedule 13D. On April 9, 2025, the Reporting Person distributed 14,338,594 shares of the Issuer's common stock to certain of its members. As of April 9, 2025, the Reporting Person was the beneficial owner of 0 shares of the Issuer's common stock. The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by the Reporting Person is stated in Items 11 and 13 on the cover page hereto. The number of shares as to which the Reporting Person has sole power to vote or dispose of is stated in Items 7 and 9 on the cover page hereto. Except as disclosed in this Schedule 13D, the Reporting Persons have not effected any transaction in common stock of the Issuer during the past 60 days. No other person is known to the Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of common stock of the Issuer covered by this Schedule 13D. On April 9, 2025, the Reporting Person ceased to be the owner of more than five percent of the Issuer's common stock. Chicago Atlantic Loan Portfolio, LLC /s/ John Mazarakis John Mazarakis 04/11/2025