Sunrise Realty Trust launches underwritten public offering of 5.5M shares

Sunrise Realty Trust, Inc.

Offering of 5,500,000 shares of common stock, plus 825,000 share overallotment option for underwriters.
Use of proceeds: fund loans for existing unfunded commitments, originate new CRE loans, and for working capital/debt repayment.
Joint book-running managers: Raymond James, KBW, BTIG, Oppenheimer; co-lead: B. Riley, A.G.P.; co-manager: Seaport.
Portfolio as of Dec 31, 2024: aggregate outstanding principal of approximately $132.6 million.
Registration statement on Form S-11 filed but not yet effective; offering subject to market conditions.

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