{"schema_version":"secwatch.filing_event.v1","accession":"0001822523-24-000011","form_type":"8-K","ticker":"AFCG","cik":"0001822523","company_name":"Advanced Flower Capital Inc.","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.744680+00:00","generated_at":"2026-06-05T20:46:24.293474+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AFC Gamma to spin off commercial real estate lending into standalone public REIT SUNS","bullets":["$115M of CRE loans and cash to be contributed to SUNS; AFC Gamma retains ~$330M cannabis loan portfolio.","Spin-off expected mid-2024; SUNS common stock to list on Nasdaq under \"SUNS\".","Shareholders to receive pro-rata distribution of SUNS shares plus $0.15 special cash dividend.","Brian Sedrish to serve as CEO of SUNS; overlapping management with AFC Gamma.","Management agreement amended to restrict AFC Gamma investments to cannabis loans only, effective upon spin-off."],"urls":{"canonical":"https://secwatch.observer/filing/0001822523-24-000011","json":"https://secwatch.observer/filing/0001822523-24-000011.json","markdown":"https://secwatch.observer/filing/0001822523-24-000011.md","text":"https://secwatch.observer/filing/0001822523-24-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822523/000182252324000011/0001822523-24-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822523/000182252324000011/afcg-20240222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T20:46:24.293474+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"}