Every 8-K that Advanced Flower Capital Inc. (AFCG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow AFCG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AFCG filings page.
Advanced Flower Capital Inc. (AFCG) reports an update on its previously authorized common stock repurchase program of up to $5.0 million. The company may repurchase shares in the open market from time to time, subject to its compliance policies and applicable securities regulations.
Advanced Flower Capital states that, as of September 14, 2026, it has repurchased 1,060,089 shares under this program. After these repurchases, shares of common stock issued and outstanding total 22,468,755 as of that date. The repurchase program is expected to remain in place until the earlier of repurchasing $5.0 million of common stock or May 4, 2027, unless amended or extended by the board of directors.
Advanced Flower Capital Inc. (AFCG) provides an update on its common stock repurchase program authorized for up to $5.0 million of shares. The company may, but is not obligated to, repurchase shares in the open market subject to its compliance policies under the Investment Company Act of 1940 and the trading safeguards in Rule 10b-18.
The repurchase program is expected to remain in place until the earlier of repurchasing $5.0 million of common stock or May 4, 2027, unless amended or extended by the board. As of August 25, 2026, AFCG has repurchased 986,916 shares, and following these repurchases, common shares issued and outstanding total 22,541,928.
Advanced Flower Capital Inc. reported second quarter 2026 results for the period ended June 30, 2026. Total investment income was $8.7 million, with GAAP net investment income of $3.5 million, or $0.15 per weighted average share. Net unrealized gains on investments were $1.9 million, leading to a total net increase in net assets from operations of $5.4 million, or $0.23 per share.
Net asset value per share rose to $8.25 as of June 30, 2026, from $7.90 as of March 31, 2026. The investment portfolio stood at $289.8 million at fair value across 17 portfolio companies, entirely in senior secured first lien debt. During the quarter, the company funded $17.2 million of investments and had net fundings of $8.0 million.
Debt outstanding totaled $207.0 million, resulting in a debt-to-equity ratio of 1.10x and net debt-to-equity of 0.53x, with asset coverage of 190% and total available liquidity of over $70 million. The company repurchased 839,406 shares at a weighted average price of $3.29, generating $0.17 per share of NAV accretion, and paid a regular cash distribution of $0.05 per share for the quarter.
Advanced Flower Capital Inc. updated its main lending agreement to adjust loan terms and increase its revolving credit capacity. The Ninth Amendment to its Loan and Security Agreement raises aggregate revolver commitments to $110 million, including a $30 million temporary increase during a defined Temporary Increase Period.
After this period ends, total revolving commitments and the maximum revolver amount will automatically step down to $80 million. The amendment also aligns certain reporting requirements with typical business development company standards and sets conditions for when specific credit facilities can be included in the borrowing base.
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.
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 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. expanded its senior secured revolving credit facility by increasing aggregate revolver commitments under its loan agreement. The facility’s total commitments rose by $56 million, from $50 million to $106 million, including a $30 million permanent increase and a $26 million temporary increase from March 27, 2026 through April 10, 2026. After this temporary period ends, total revolving commitments will automatically adjust to $80 million. The company plans to use availability under the facility to fund existing borrower commitments, originate and participate in new commercial loans to U.S. lower middle-market companies, and for working capital and other general corporate purposes.
Advanced Flower Capital Inc. reported mixed results for the fourth quarter and full year 2025 while completing its transition to a business development company structure. For the fourth quarter, the company generated GAAP net income of $0.9 million, or $0.04 per basic share, but posted negative Distributable Earnings of $(2.8) million, or $(0.12) per basic share.
For full year 2025, AFC recorded a GAAP net loss of $(20.7) million, or $(0.95) per basic share, while Distributable Earnings were positive at $8.7 million, or $0.39 per basic share. Management highlighted its focus on resolving legacy positions and redeploying capital following the January 1, 2026 conversion from a REIT to a BDC.
The board declared a first quarter 2026 common stock dividend of $0.05 per share, payable on April 15, 2026 to shareholders of record on March 31, 2026. Total assets were $275.6 million and shareholders’ equity was $175.6 million as of December 31, 2025.
Advanced Flower Capital Inc. entered into an unsecured revolving credit agreement with TCGSL LLC, providing a committed borrowing capacity of $20,000,000 that matures on August 1, 2028. The lender is indirectly wholly owned by Chairman Leonard M. Tannenbaum and related family trusts, making it an affiliate transaction.
Borrowings under the facility may be used for general corporate purposes, including portfolio investments, giving the company additional flexibility to fund its investment activities and operations through 2028.
Advanced Flower Capital Inc. entered into Amendment Number Six to its existing Loan and Security Agreement originally dated April 29, 2022. In this amendment, the company remains the borrower, with the same group of lenders and the same lead arranger, bookrunner and administrative agent. The filing notes that the Sixth Amendment includes provisions that are relevant to the company’s recent conversion from a real estate investment trust to a business development company, aligning the credit agreement with its new regulatory and operating framework.
The company also reports that this amendment gives rise to a direct financial obligation or an obligation under an off-balance sheet arrangement, by cross-referencing the amended loan terms. The full text of the Sixth Amendment is filed as an exhibit, allowing readers to review the detailed changes to the loan documentation.
Advanced Flower Capital Inc. furnished an update on operations and financial condition by announcing it issued a press release for the quarter ended September 30, 2025. The press release is included as Exhibit 99.1. The information under Item 2.02, including the exhibit, is being furnished and is not deemed filed or incorporated by reference except as expressly set forth.
Advanced Flower Capital Inc. (AFCG) reported shareholder approvals tied to its planned conversion from a REIT to a business development company (BDC). Shareholders approved a new 1940 Act–compliant investment advisory agreement with AFC Management, LLC, and authorized applying the BDC reduced asset coverage standard.
The investment advisory agreement was approved with 13,174,530 votes for, 541,875 against, and 124,887 abstentions. The reduced asset coverage requirement—permitting leverage at a 150% asset coverage ratio instead of 200%—was approved with 12,903,849 votes for, 790,942 against, and 146,501 abstentions. As of the September 15, 2025 record date, 22,594,541 common shares were outstanding and entitled to vote.
Advanced Flower Capital Inc. (AFCG) furnished a press release on August 14, 2025 announcing its financial and operational results for the quarter ended June 30, 2025. The Form 8-K states the press release is included as Exhibit 99.1 and clarifies that the furnished information is not deemed "filed" under certain Exchange Act and Securities Act provisions.
The 8-K text does not include any numeric financial results or operational metrics; the press release itself (Exhibit 99.1) must be consulted for the company’s detailed figures and disclosures.