Mr. John Mazarakis notified the Board of Directors of Chicago Atlantic BDC, Inc. of his resignation as an interested Director, effective June 20, 2025. This change impacts the composition of the Company's governing body.
The Company stated that Mr. Mazarakis' decision to resign was solely for the purpose of ensuring compliance with Section 15(f) of the Investment Company Act of 1940, as amended. This indicates a proactive measure to adhere to regulatory requirements.
The resignation was not due to any disagreement on matters related to the Company's operations, policies, or practices. This clarification addresses potential concerns regarding internal disputes or strategic shifts.
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