secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001822523-25-000028
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AFC reports Q2 GAAP net loss of $13.2M; proposes conversion from REIT to BDC
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- Q2 GAAP net loss of $13.2M ($0.60 per share); Distributable Earnings of $3.4M ($0.15 per share).
- Board expanded investment mandate to include non-cannabis middle market loans and ancillary cannabis businesses.
- Intends to convert from mortgage REIT to BDC, subject to shareholder approval of a new advisory agreement.
- Paid Q2 dividend of $0.15 per share on July 15, 2025; same as prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252325000028/0001822523-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252325000028/afcg-20250814.htm
  HTML page:      https://secwatch.observer/filing/0001822523-25-000028

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