secwatch.observer — SEC 8-K summary
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Issuer:     Sunrise Realty Trust, Inc. (SUNS)
CIK:        0002012706
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001628280-24-031185
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 3.03, 5.02, 5.03, 5.05, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/0001628280-24-031185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012706/000162828024031185/suns-20240702.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-031185

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer