other material
confidence high
sentiment neutral
materiality 0.75
Sunrise Realty Trust completes spin-off from AFC Gamma; begins trading on Nasdaq under ticker SUNS
Sunrise Realty Trust, Inc.
- AFC Gamma completed spin-off of SUNS on July 9, 2024; record date July 8, 2024.
- SUNS stockholders received one share of SUNS common stock for every three AFC Gamma shares.
- SUNS common stock began trading on Nasdaq Capital Market under symbol 'SUNS' on July 9, 2024.
- SUNS entered into Separation and Distribution, Tax Matters, Management, and Administrative Services Agreements with AFC Gamma and affiliates.
- SUNS adopted the 2024 Stock Incentive Plan as part of the separation.