---
schema_version: "secwatch.filing_event.v1"
accession: "0001822523-24-000022"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T13:12:41.457492+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001822523-24-000022
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000022/0001822523-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000022/afcg-20240520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822523-24-000022
- JSON: https://secwatch.observer/filing/0001822523-24-000022.json
- Plain text: https://secwatch.observer/filing/0001822523-24-000022.txt

## Key facts
- Executive change
  James Fagan resigned as Director at Advanced Flower Capital Inc..
  - Action: resigned
  - Role: Director
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000022/0001822523-24-000022-index.htm
- Executive change
  Jodi Hanson Bond resigned as Director at Advanced Flower Capital Inc..
  - Action: resigned
  - Role: Director
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182252324000022/0001822523-24-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.