AFC Gamma directors resign to join SUNS board upon spin-off completion

Advanced Flower Capital Inc.

Jodi Hanson Bond and Jim Fagan resign from AFCG board, effective upon spin-off completion in mid-2024.
Both expected to be appointed as independent directors of Sunrise Realty Trust (SUNS) post-spin.
Alexander Frank remains on AFCG board and will also join SUNS board as lead independent director.
Post-spin AFCG board includes Leonard Tannenbaum, Thomas Harrison, Alexander Frank, Robert Levy, Marnie Sudnow.
SUNS board expected to include Leonard Tannenbaum, Brian Sedrish, Alexander Frank, Jodi Hanson Bond, Jim Fagan.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

James Fagan

Director

AFCG · Advanced Flower Capital Inc.

Filed: May 20, 2024, 7:59 PM ET

On May 20, 2024, Jodi Hanson Bond and James Fagan notified AFC Gamma, Inc. (the “Company”) of their respective decisions to resign as directors of the Company, effective upon the completion of the Company’s spin-off of its separate commercial real estate portfolio into an independent, publicly-traded REIT, Sunrise Realty Trust, Inc. (“SUNS”).

Departed

Jodi Hanson Bond

Director

AFCG · Advanced Flower Capital Inc.

Filed: May 20, 2024, 7:59 PM ET

On May 20, 2024, Jodi Hanson Bond and James Fagan notified AFC Gamma, Inc. (the “Company”) of their respective decisions to resign as directors of the Company, effective upon the completion of the Company’s spin-off of its separate commercial real estate portfolio into an independent, publicly-traded REIT, Sunrise Realty Trust, Inc. (“SUNS”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

James Fagan resigned as Director at Advanced Flower Capital Inc..

Action: resigned
Role: Director

Exact text from the filing

On May 20, 2024, Jodi Hanson Bond and James Fagan notified AFC Gamma, Inc. (the “Company”) of their respective decisions to resign as directors of the Company, effective upon the completion of the Company’s spin-off of its separate commercial real estate portfolio into an independent, publicly-traded REIT, Sunrise Realty Trust, Inc. (“SUNS”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jodi Hanson Bond resigned as Director at Advanced Flower Capital Inc..

Action: resigned
Role: Director

Exact text from the filing

On May 20, 2024, Jodi Hanson Bond and James Fagan notified AFC Gamma, Inc. (the “Company”) of their respective decisions to resign as directors of the Company, effective upon the completion of the Company’s spin-off of its separate commercial real estate portfolio into an independent, publicly-traded REIT, Sunrise Realty Trust, Inc. (“SUNS”).

View on SEC.gov

Advanced Flower Capital Inc. filing history →

Source: SEC EDGAR

accession 0001822523-24-000022

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