secwatch.observer — SEC 8-K summary
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Issuer:     Sunrise Realty Trust, Inc. (SUNS)
CIK:        0002012706
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001628280-24-031514
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunrise Realty Trust completes spin-off from AFC Gamma; begins trading on Nasdaq under ticker SUNS
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012706/000162828024031514/0001628280-24-031514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012706/000162828024031514/suns-20240708.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-031514

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