<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001801082</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/31/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001794776</issuerCik>
        <issuerName>Palmer Square Capital BDC Inc.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>69702V107</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1900 SHAWNEE MISSION PARKWAY</com:street1>
          <com:street2>SUITE 315</com:street2>
          <com:city>MISSION WOODS</com:city>
          <com:stateOrCountry>KS</com:stateOrCountry>
          <com:zipCode>66205</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Alaris Master Fund LP</reportingPersonName>
      <citizenshipOrOrganization>MO</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <sharedVotingPower>2503411.00</sharedVotingPower>
        <sharedDispositivePower>2503411.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2503411.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.0</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Alaris Capital, LLC</reportingPersonName>
      <citizenshipOrOrganization>MO</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <sharedVotingPower>2503411.00</sharedVotingPower>
        <sharedDispositivePower>2503411.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2503411.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.0</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
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    <items>
      <item1>
        <issuerName>Palmer Square Capital BDC Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1900 SHAWNEE MISSION PARKWAY, SUITE 315, MISSION WOODS, KANSAS, 66205</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Alaris Master Fund LP
Alaris Capital, LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>4900 Main Street, Suite 600, Kansas City, Missouri 64112</principalBusinessOfficeOrResidenceAddress>
        <citizenship>USA - Missouri</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>2,503,411 shares deemed beneficially owned by Alaris Master Fund LP
2,503,411 shares deemed beneficially owned by Alaris Capital, LLC</amountBeneficiallyOwned>
        <classPercent>8.0 % deemed beneficially owned by Alaris Master Fund LP
8.0 % deemed beneficially owned by Alaris Capital, LLC</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>2,503,411 shares deemed beneficially owned by Alaris Master Fund LP
2,503,411 shares deemed beneficially owned by Alaris Capital, LLC</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>2,503,411 shares deemed beneficially owned by Alaris Master Fund LP
2,503,411 shares deemed beneficially owned by Alaris Capital, LLC</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Alaris Master Fund LP</reportingPersonName>
      <signatureDetails>
        <signature>Hunter Armistead</signature>
        <title>Chief Investment Officer</title>
        <date>05/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Alaris Capital, LLC</reportingPersonName>
      <signatureDetails>
        <signature>Hunter Armistead</signature>
        <title>Chief Investment Officer</title>
        <date>05/12/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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