{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-051325","form_type":"8-K","ticker":"AFCG","cik":"0001822523","company_name":"Advanced Flower Capital Inc.","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.622486+00:00","generated_at":"2026-05-16T21:26:31.570396+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"confidence":"high","headline":"AFCG Q3 2025: GAAP net loss $12.5M; shareholders approve REIT-to-BDC conversion","bullets":["GAAP net loss of $12.5M ($0.57/share); Distributable Earnings of $3.5M ($0.16/share).","Regular cash dividend of $0.15/share paid on Oct 15 for Q3 2025.","Shareholders approved conversion from mortgage REIT to BDC; expected completion in Q1 2026.","CEO cites progress resolving nonaccrual positions; limited new capital entering cannabis market."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-051325","json":"https://secwatch.observer/filing/0001628280-25-051325.json","markdown":"https://secwatch.observer/filing/0001628280-25-051325.md","text":"https://secwatch.observer/filing/0001628280-25-051325.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822523/000162828025051325/0001628280-25-051325-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822523/000162828025051325/afcg-20251112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T21:26:31.570396+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"}