{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-050279","form_type":"8-K","ticker":"AFCG","cik":"0001822523","company_name":"Advanced Flower Capital Inc.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.622260+00:00","generated_at":"2026-05-16T23:57:19.235343+00:00","sec_items":["5.07","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"confidence":"high","headline":"Advanced Flower Capital shareholders approve conversion to BDC, expected Q1 2026","bullets":["Shareholders voted 13.2M for, 0.5M against to approve new 1940 Act-compliant investment advisory agreement.","Shareholders voted 12.9M for, 0.8M against to approve reduced asset coverage (200% to 150%) for leverage.","Conversion remains subject to Board approval; targeted completion in Q1 2026; ticker AFCG unchanged.","Chairman Leonard Tannenbaum says BDC structure allows expansion beyond real estate-backed loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-050279","json":"https://secwatch.observer/filing/0001628280-25-050279.json","markdown":"https://secwatch.observer/filing/0001628280-25-050279.md","text":"https://secwatch.observer/filing/0001628280-25-050279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822523/000162828025050279/0001628280-25-050279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822523/000162828025050279/afcg-20251106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:57:19.235343+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"}