Welcome to our dedicated page for Advanced Flower Capital SEC filings (Ticker: AFCG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Advanced Flower Capital Inc. filings document the regulatory record of a Nasdaq-listed business development company that makes direct senior debt investments for lower middle-market borrowers. Its 8-K reports furnish operating results, financial presentations, net investment income, NAV, Distributable Earnings, distributions, investment fundings, and leverage disclosures.
The company’s filings also cover material definitive agreements and direct financial obligations, including revolving credit agreements and amendments to its loan and security agreement. Proxy and shareholder-vote materials document governance matters, director elections, auditor ratification, the investment advisory agreement with AFC Management, LLC, reduced asset coverage matters under the Investment Company Act of 1940, and capital-structure information for AFCG common stock.
Advanced Flower Capital Inc. reaffirmed its common stock repurchase program of up to $5.0 million at a price of $3.50 per share or less. The company may buy shares in the open market subject to its compliance policies and Rule 10b-18 trading constraints.
The program is expected to remain in place until the later of repurchasing $5.0 million of stock or May 4, 2027. As of June 17, 2026, the company has repurchased 719,780 shares, and following these transactions had 22,809,064 shares of common stock issued and outstanding.
Leonard M. Tannenbaum filed Amendment No. 7 to his Schedule 13D on Advanced Flower Capital Inc. (AFCG), updating his ownership in the company’s common stock. He now reports beneficial ownership of 6,697,175 shares, representing 29.4% of the common stock outstanding.
Of this amount, Tannenbaum holds 6,516,775 shares directly and 180,400 shares are held by the Tannenbaum Family Foundation, where he is President and disclaims beneficial ownership except for his pecuniary interest. The ownership increase of approximately 1.5 percentage points since the prior amendment reflects open market purchases with personal funds and the impact of the issuer’s share repurchases between May 11, 2026 and June 17, 2026. The percentage is based on 22,809,064 shares outstanding as of June 17, 2026.
Advanced Flower Capital Inc. reported results from its 2026 Annual Meeting of Shareholders held on May 28, 2026. Shareholders re‑elected Class III directors Alexander C. Frank and Marnie Sudnow to terms expiring at the 2029 Annual Meeting or until successors are elected and qualified.
Frank received 9,250,135 votes for and 59,231 withheld, and Sudnow received 9,234,815 votes for and 54,558 withheld, with 6,465,790 broker non‑votes for each. Shareholders also ratified the appointment of CohnReznick LLP as independent registered public accounting firm for the year ending December 31, 2026, with 16,311,616 votes for, 165,991 against and 103,697 abstentions.
Advanced Flower Capital director and 10% owner Leonard M. Tannenbaum reported an open-market purchase of 90,600 shares of Common Stock at a weighted average price of $2.84 per share on May 14, 2026. The trades were executed in multiple lots between $2.78 and $2.86. Following the purchase, he holds 6,516,775 shares directly. The filing also reports 180,400 shares held by the Tannenbaum Family Foundation and 225,907 shares held by his spouse, with beneficial ownership generally disclaimed except for any pecuniary interest.
Advanced Flower Capital Inc. reports beneficial ownership disclosures by a group of related reporting persons as of March 31, 2026. The filing shows that Stoney Lonesome HF LP directly owned 1,445,577 shares (about 6.1% of the class) and Drake Helix Holdings, LLC directly owned 227,515 shares (about 1.0%). Aggregated interests through affiliated entities mean CDC Financial, Inc. and Clint D. Coghill may be deemed to beneficially own 1,673,092 shares (about 7.1%), based on 23,528,844 shares outstanding as of March 30, 2026. The filing states the Reporting Persons "specifically disclaims beneficial ownership" of securities they do not directly own.
Advanced Flower Capital Inc. reported first quarter 2026 results, highlighting GAAP net investment income of $4.8 million, or $0.21 per basic share. Net asset value per share rose to $7.90 as of March 31, 2026, compared with $7.46 as of December 31, 2025.
GAAP net increase in net assets resulting from operations was $11.4 million, or $0.49 per basic share. Gross and net investment fundings were $80.9 million and $39.1 million, respectively, and net debt-to-equity stood at 0.48x.
The company paid a first quarter 2026 cash distribution of $0.05 per common share on April 15, 2026, and its board authorized a share repurchase program of up to $5.0 million of common stock, expected to remain in place until the later of full utilization or May 4, 2027.
Advanced Flower Capital Inc. reported stronger results for the three months ended March 31, 2026 and completed a major structural shift into a business development company. Net investment income was $4.8 million, and total net assets rose to $185.8 million, or $7.90 per share.
The company now carries its loan portfolio at fair value under investment company accounting, showing investments of $279.2 million against total assets of $394.9 million. The portfolio is concentrated in first lien senior term loans, with about 72% of fair value in cannabis-related borrowers and the rest in insurance and commercial services.
Leverage increased as borrowings on the revolving credit facility grew to $106.0 million and a new $20.0 million unsecured affiliate credit line was drawn, alongside $77.0 million of senior notes. Despite higher debt, net investment income per share reached $0.21, and a cash distribution of $0.05 per share was declared for common shareholders.
Advanced Flower Capital Inc. Schedules ownership update by BlackRock, Inc. This Schedule 13G/A (Amendment No. 2) states that BlackRock, Inc. and its reporting business units beneficially own 0 shares of Advanced Flower Capital Inc. (CUSIP 00109K105), representing 0.0% of the class as reported.
The filing lists BlackRock's business address and discloses that various other persons have rights to dividends or sale proceeds but that no single person's interest exceeds 5% of outstanding common shares. The form is signed by Spencer Fleming, Managing Director, on 04/27/2026.