secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001822523-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC Gamma reports Q3 2023 GAAP net income $0.39/share; appoints Daniel Neville as CEO
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- GAAP net income $8.0M ($0.39 per basic share); Distributable Earnings $9.9M ($0.49 per share).
- Q3 2023 regular cash dividend of $0.48 per common share paid on Oct 13, 2023.
- Distributable Earnings of $0.49 per share covered the $0.48 dividend in Q3.
- Daniel Neville appointed CEO effective Nov 13, 2023; brings cannabis lending expertise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000033/0001822523-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252323000033/afcg-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001822523-23-000033

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