8-K
filed July 3, 2024, 7:59 PM ET
ticker SUNS
CIK 0002012706
other material
confidence high
sentiment positive
materiality 0.85
Sunrise Realty Trust announces spin-off from AFC Gamma, expects Nasdaq listing July 9
Sunrise Realty Trust, Inc.
- Distribution of 1 SUNS share per 3 AFC Gamma shares; record date July 8, distribution July 9.
- Forward stock split 68,890.31-for-1 increases shares to ~6.9M; takes effect pre-spin-off.
- SUNS expected to trade on Nasdaq under symbol SUNS: when-issued July 9, regular July 10.
- New $35.2M senior secured loan for Austin multi-family; SUNS committed $14.1M at SOFR+4.25%.
- Board expanded to five directors; officers: Sedrish CEO, Tannenbaum Executive Chairman, Hetzel CFO.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian Sedrish was elected as Director at Sunrise Realty Trust, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Fagan was elected as Director at Sunrise Realty Trust, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jodi Hanson Bond was elected as Director at Sunrise Realty Trust, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Leonard Tannenbaum was appointed as Executive Chairman at Sunrise Realty Trust, Inc..
- Action
- appointed
- Role
- Executive Chairman
Exact text from the filing
• Leonard Tannenbaum, Executive Chairman;
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alexander Frank was elected as Director at Sunrise Realty Trust, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robyn Tannenbaum was appointed as President at Sunrise Realty Trust, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
• Robyn Tannenbaum, President.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian Sedrish was appointed as Chief Executive Officer at Sunrise Realty Trust, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
• Brian Sedrish, Chief Executive Officer;
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brandon Hetzel was appointed as Chief Financial Officer at Sunrise Realty Trust, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
• Brandon Hetzel, Chief Financial Officer and, for purposes of Section 16 and filings with the Securities and Exchange Commission, Principal Accounting Officer;
View on SEC.gov
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