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.
Insider purchases increased Robyn Tannenbaum's direct stake in Advanced Flower Capital Inc. (AFCG). The Form 4 shows Ms. Tannenbaum, President and CIO, bought 2,000 shares on 08/22/2025 at an average price of $4.10 and 4,000 shares on 08/25/2025 at an average price of $4.13, for a total of 6,000 newly acquired shares. After these purchases she directly owns 127,667 shares. The filing also reports indirect holdings: 4,335,023 shares held by her spouse and 180,400 shares held by the Tannenbaum Family Foundation, of which she disclaims beneficial ownership except for any pecuniary interest. The report is signed by an attorney-in-fact on 08/26/2025.
Leonard M. Tannenbaum, a director and reported 10% owner of Advanced Flower Capital Inc. (AFCG), filed a Form 4 disclosing multiple open-market purchases of common stock on August 22, 25 and 26, 2025. The filings report acquisitions of 216,117 shares at a weighted average price of $4.03 on August 22, 61,862 shares at $4.08 on August 25, and 97,168 shares at $4.17 on August 26, bringing his directly held shares to 4,335,023.
The report also shows 127,667 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 those holdings except to the extent of any pecuniary interest. The Form 4 is signed by an attorney-in-fact on August 26, 2025.
Advanced Flower Capital Inc. provides a fragmented excerpt of its proposed proxy materials showing capital-definition text, expense and hypothetical performance tables and pro forma leverage scenarios. The filing states $201.4 million in net assets and actual total assets of $402.1 million with $190.0 million of outstanding indebtedness as of December 31, 2024, and a weighted average effective interest rate on outstanding debt of 6.93%. The document models two pro forma leverage frameworks: a 200% asset coverage scenario with $201.3 million of debt and a 150% asset coverage scenario with $402.5 million of debt.
The tables show hypothetical pre-incentive net investment income rates and expense estimates under each coverage scenario and provide estimated annual interest payments and incentive fee assumptions tied to the Proposed Investment Advisory Agreement. The filing clarifies certain expense assumptions and states that maximum borrowings presented are for comparative informational purposes only.
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.
Advanced Flower Capital Inc. (AFCG) reported a continuing operations net loss of $(13,164,651) for the three months ended June 30, 2025, compared with net income of $15,206,224 in the prior-year quarter. Interest income declined to $8.06 million from $17.98 million and net interest income fell to $6.20 million. Total assets decreased to $290.59 million from $402.06 million and cash fell to $3.41 million from $103.61 million at year-end. The Company recorded a CECL reserve of $43.96 million (about 14.61% of loans) and holds a fair-value senior loan to Private Company A with an approximate $21.47 million unrealized loss. Revolver borrowings were $10.4 million and $90.0 million principal of 2027 senior notes remain outstanding. The Board approved an expansion of the investment strategy, subject to shareholder approval.