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. (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. (AFCG) received an updated Schedule 13D/A from Leonard M. Tannenbaum reporting an increased beneficial ownership position in its common stock. Tannenbaum now reports beneficial ownership of 6,860,845 shares of common stock, representing 30.4% of the class, based on 22,541,928 shares outstanding as of August 25, 2026. The increase of approximately 1.1 percentage points since the prior amendment results from open market purchases funded with personal funds and from issuer share repurchases under AFCG's board-authorized share repurchase program. Of the reported amount, 6,680,445 shares are held directly by Tannenbaum, and 180,400 shares are held by the Tannenbaum Family Foundation, over which he disclaims beneficial ownership except to the extent of any pecuniary interest; shares held by his spouse are excluded and also disclaimed.
Advanced Flower Capital Inc. (AFCG) insider Leonard M. Tannenbaum, a director and ten percent owner, reported open-market purchases of AFCG common stock. He bought 30,000 shares on August 24, 2026 at a weighted average price of $3.41 per share and 30,000 shares on August 25, 2026 at a weighted average price of $3.40 per share, each executed in multiple trades within disclosed price ranges. The filing also reports 226,907 shares of common stock held indirectly by his spouse, for which he disclaims beneficial ownership, and 180,400 shares held by the Tannenbaum Family Foundation, where he serves as President and disclaims beneficial ownership except to the extent of his pecuniary interest.
Advanced Flower Capital Inc. (AFCG) reports that director and more-than-10% owner Leonard M. Tannenbaum purchased 25,000 shares of common stock on 2026-08-21 at a weighted average price of $3.28 per share in open-market trades. Following this purchase, he directly holds 6,620,445 shares. He also reports indirect holdings of shares held by his spouse and by the Tannenbaum Family Foundation, while disclaiming beneficial ownership of those indirect positions except to the extent of any pecuniary interest.
Advanced Flower Capital Inc. (AFCG) director and ten percent owner Leonard M. Tannenbaum reported an open-market purchase of 20,000 shares of common stock on 2026-08-20 at a weighted average price between $3.29 and $3.30 per share. After this transaction, he directly holds 6,595,445 shares of AFCG common stock. Additional indirect holdings include 226,907 shares held by his spouse and 180,400 shares held by the Tannenbaum Family Foundation, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Advanced Flower Capital Inc. (AFCG) insider Leonard M. Tannenbaum, a director and ten percent owner, reported purchasing 12,841 shares of common stock on August 19, 2026 at a $3.48 weighted average price in open-market or private transactions, bringing his directly held stake to 6,575,445 shares. Separately, 226,907 shares are reported as held by his spouse and 180,400 shares by the Tannenbaum Family Foundation, for which he disclaims beneficial ownership except for any pecuniary interest.
Advanced Flower Capital Inc. (AFCG) reported that President and CIO Robyn Tannenbaum purchased 1,000 shares of Common Stock on 2026-08-14 at $3.15 per share in an open-market or private transaction. Following this purchase, she directly holds 226,907 AFCG shares. In addition, 6,562,604 shares are reported as held indirectly through her spouse, for which she disclaims beneficial ownership, and 180,400 shares are held indirectly by the Tannenbaum Family Foundation, where her spouse is President; she disclaims beneficial ownership of those foundation shares except to the extent of her pecuniary interest.
Advanced Flower Capital Inc. insider Leonard M. Tannenbaum, a director and ten percent owner, purchased 45,829 shares of Common Stock on 2026-08-14 at a weighted average price of $3.06 per share in trades ranging from $3.01 to $3.13. Following this open-market purchase, he directly holds 6,562,604 shares. Additional indirect positions include 225,907 shares held by his spouse and 180,400 shares held by the Tannenbaum Family Foundation, for which he serves as President; he disclaims beneficial ownership of these indirect holdings except to the extent of any pecuniary interest.
Advanced Flower Capital Inc. executive Brandon Hetzel, the CFO and Treasurer, purchased 1,463 shares of AFCG common stock in a non-derivative open-market or private transaction at $3.00 per share on 2026-08-14. Following this buy, he directly owns 42,000 shares of common stock. The filing indicates the transaction was not made under a Rule 10b5-1 trading plan.
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.