{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-031187","form_type":"8-K","ticker":"AFCG","cik":"0001822523","company_name":"Advanced Flower Capital Inc.","filed_at":"2024-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.680966+00:00","generated_at":"2026-05-31T23:33:33.004413+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AFC Gamma to spin off CRE portfolio as Sunrise Realty Trust; distribution July 9, 2024","bullets":["Record date July 8, 2024; one SUNS share for every three AFCG shares held; distribution expected July 9, 2024.","SUNS to trade on Nasdaq under symbol 'SUNS'; when-issued trading begins July 9, regular way July 10.","AFC Gamma declares $0.15/share special dividend payable July 15 to holders of record July 8.","SUNS to have ~$115M in assets; ownership capped at 4.9% unless exempted (Tannenbaum exempt to 29.9%).","Distribution taxable to AFCG holders; SUNS intends to qualify as REIT for U.S. tax purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-031187","json":"https://secwatch.observer/filing/0001628280-24-031187.json","markdown":"https://secwatch.observer/filing/0001628280-24-031187.md","text":"https://secwatch.observer/filing/0001628280-24-031187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822523/000162828024031187/0001628280-24-031187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822523/000162828024031187/afcg-20240702.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:33:33.004413+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}