---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-031185"
form_type: "8-K"
ticker: "SUNS"
cik: "0002012706"
company_name: "Sunrise Realty Trust, Inc."
filed_at: "2024-07-03T23:59:59+00:00"
generated_at: "2026-05-31T23:37:17.589806+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sunrise Realty Trust announces spin-off from AFC Gamma, expects Nasdaq listing July 9

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-031185
- form_type: 8-K
- ticker: SUNS
- cik: 0002012706
- company_name: Sunrise Realty Trust, Inc.
- filed_at: 2024-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.03, 5.02, 5.03, 5.05, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/suns-20240702.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-031185
- JSON: https://secwatch.observer/filing/0001628280-24-031185.json
- Plain text: https://secwatch.observer/filing/0001628280-24-031185.txt

## Key facts
- Executive change
  Brian Sedrish was elected as Director at Sunrise Realty Trust, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- Executive change
  James Fagan was elected as Director at Sunrise Realty Trust, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- Executive change
  Jodi Hanson Bond was elected as Director at Sunrise Realty Trust, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- Executive change
  Leonard Tannenbaum was appointed as Executive Chairman at Sunrise Realty Trust, Inc..
  - Action: appointed
  - Role: Executive Chairman
  source text: • Leonard Tannenbaum, Executive Chairman;
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- Executive change
  Alexander Frank was elected as Director at Sunrise Realty Trust, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- Executive change
  Robyn Tannenbaum was appointed as President at Sunrise Realty Trust, Inc..
  - Action: appointed
  - Role: President
  source text: • Robyn Tannenbaum, President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- Executive change
  Brian Sedrish was appointed as Chief Executive Officer at Sunrise Realty Trust, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: • Brian Sedrish, Chief Executive Officer;
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
- Executive change
  Brandon Hetzel was appointed as Chief Financial Officer at Sunrise Realty Trust, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: • Brandon Hetzel, Chief Financial Officer and, for purposes of Section 16 and filings with the Securities and Exchange Commission, Principal Accounting Officer;
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.