secwatch.observer — SEC 8-K summary
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Issuer:     Sunrise Realty Trust, Inc. (SUNS)
CIK:        0002012706
Form:       8-K
Filed at:   2026-10-13T12:12:32+00:00
Accession:  0001829126-26-011033
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Sunrise Realty Trust authorizes $20M buyback, contingent on closing Southern Realty Trust merger
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- Board authorized repurchase of up to $20.0 million of SUNS common stock on Oct 12, 2026, running through December 31, 2027.
- Program will not take effect until the merger with Southern Realty Trust Inc. (SRT) closes; no shares bought before then.
- Post-close, SUNS intends to repurchase at least $10.0 million as soon as practicable; remaining $10.0 million subject to pricing parameters.
- Repurchases expected via Rule 10b5-1 trading plan under Rule 10b-18 volume limits; may be modified, suspended or terminated at any time.
- Additional details to be filed in an 8-K and a supplement to the definitive proxy statement for the Special Meeting on Oct 13, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012706/000182912626011033/0001829126-26-011033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012706/000182912626011033/sunriserealty_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-011033

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