{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-26-000032","form_type":"8-K","ticker":"AFCG","cik":"0001822523","company_name":"Advanced Flower Capital Inc.","filed_at":"2026-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.354562+00:00","generated_at":"2026-05-16T11:42:27.980140+00:00","sec_items":["1.01","1.02","3.03","5.02","5.03","5.05","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"confidence":"high","headline":"Advanced Flower Capital completes conversion from REIT to BDC effective Jan 1, 2026","bullets":["Company now regulated under 1940 Act as BDC; investment flexibility expanded beyond real estate-backed loans.","New investment advisory agreement with AFC Management LLC replaces prior 2021 management agreement; base management fee 1.50% of avg gross assets, incentive fee with 6% hurdle and 17.5% catch-up.","Pete Sattelmair appointed assistant treasurer and principal financial officer effective March 16, 2026 via PINE Advisors services agreement.","Prior REIT ownership restrictions removed; new bylaws adopted with majority voting standard in contested director elections.","No change to Nasdaq listing under ticker AFCG; prior management agreement terminated without termination fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-26-000032","json":"https://secwatch.observer/filing/0001829126-26-000032.json","markdown":"https://secwatch.observer/filing/0001829126-26-000032.md","text":"https://secwatch.observer/filing/0001829126-26-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822523/000182912626000032/0001829126-26-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822523/000182912626000032/afc_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:42:27.980140+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"}