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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.
Insights
Disclosure clarifies related-party holdings and voting/dispositive power.
The schedule lists direct and shared voting and dispositive powers for affiliated entities, with precise share counts: 1,445,577 (Stoney Lonesome), 227,515 (Drake Helix), and an aggregated 1,673,092 associated with CDC Financial/Clint Coghill as of March 31, 2026. The filing ties percentages to a disclosed outstanding share base of 23,528,844 shares as of March 30, 2026.
The primary dependency is the issuer's disclosed outstanding share count; percentage figures derive from that metric. The filing preserves the Reporting Persons' disclaimer language. Subsequent filings or exhibits referenced (Exhibit 99.1) may further define group relationships.
Filing is a routine beneficial ownership amendment, not a transaction notice.
The document amends a Schedule 13G to report ownership positions and the allocation of voting/dispositive power among related entities. It records principal business address and CUSIP 00109K105. Percentages are explicitly tied to the issuer's proxy-disclosed outstanding shares.
Materiality is procedural: this clarifies who may be deemed a beneficial owner for Section 13 purposes while including the Reporting Persons' explicit disclaimer of indirect ownership where not direct. No cash-flow or transaction terms are disclosed.
Key Figures
Shares outstanding:23,528,844 sharesStoney Lonesome holdings:1,445,577 sharesDrake Helix holdings:227,515 shares+3 more
6 metrics
Shares outstanding23,528,844 sharesas of March 30, 2026
Stoney Lonesome holdings1,445,577 sharesdirectly owned as of March 31, 2026
Drake Helix holdings227,515 sharesdirectly owned as of March 31, 2026
CDC Financial/Clint Coghill aggregated1,673,092 sharesmay be deemed beneficially owned as of March 31, 2026
Stoney Lonesome % of class6.1%based on outstanding shares as of March 30, 2026
CDC Financial/Clint Coghill % of class7.1%based on outstanding shares as of March 30, 2026
"As of the close of business on March 31, 2026: (i) Stoney Lonesome directly beneficially owned 1,445,577 Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"6 | Shared Dispositive Power 1,445,577.00"
Schedule 13G/Aregulatory
"This statement is filed by: ... the Reporting Persons"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake does AFCG show for Stoney Lonesome on March 31, 2026?
Stoney Lonesome directly owned 1,445,577 shares, representing approximately 6.1% of the class based on 23,528,844 shares outstanding as of March 30, 2026. The percentage is calculated using the issuer's disclosed outstanding share count.
How many shares does CDC Financial or Clint D. Coghill beneficially own in AFCG?
CDC Financial and Clint D. Coghill may be deemed to beneficially own 1,673,092 shares, or about 7.1%, reflecting combined interests in Stoney Lonesome and Drake Helix as stated in the filing.
Does this Schedule 13G/A indicate a sale or purchase of AFCG shares?
No. The amendment reports beneficial ownership positions as of March 31, 2026. It does not disclose purchases, sales, or cash proceeds; it is a holdings disclosure rather than a transaction notice.
What voting and dispositive powers are reported for these holders in AFCG?
The cover data shows shared voting power and shared dispositive power for the listed entities (e.g., 1,445,577 shared for Stoney Lonesome/CCM). Sole voting/dispositive power entries are reported as 0.00 where applicable in the filing.
What outstanding share count does AFCG use to compute percentages?
The filing uses 23,528,844 shares outstanding as of March 30, 2026, cited from the issuer's Definitive Proxy Statement on Schedule 14A filed April 17, 2026, to calculate the reported percentages.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Advanced Flower Capital Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
00109K105
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
00109K105
1
Names of Reporting Persons
Stoney Lonesome HF LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,445,577.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,445,577.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,445,577.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
00109K105
1
Names of Reporting Persons
COGHILL CAPITAL MANAGEMENT LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,445,577.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,445,577.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,445,577.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
00109K105
1
Names of Reporting Persons
Drake Helix Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
WYOMING
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
227,515.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
227,515.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
227,515.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
00109K105
1
Names of Reporting Persons
CDC Financial, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ILLINOIS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,673,092.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,673,092.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,673,092.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.1 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
00109K105
1
Names of Reporting Persons
COGHILL CLINT D
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,673,092.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,673,092.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,673,092.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.1 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Advanced Flower Capital Inc.
(b)
Address of issuer's principal executive offices:
477 S. ROSEMARY AVE., SUITE 301, WEST PALM BEACH, FL, 33401
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) Stoney Lonesome HF LP, a Delaware limited partnership ("Stoney Lonesome"), with respect to the shares of Common Stock, par value $0.01 per share, of the Issuer (the "Shares") directly and beneficially owned by it;
(ii) Coghill Capital Management, LLC, a Delaware limited liability company ("CCM"), as the general partner of Stoney Lonesome;
(iii) The Drake Helix Holdings, LLC, a Wyoming limited liability company ("Drake Helix"), with respect to the Shares directly and beneficially owned by it;
(iv) CDC Financial, Inc., an Illinois corporation ("CDC Financial"), as the managing member of each of CCM and Drake Helix; and
(v) Clint D. Coghill, as the President and sole shareholder of CDC Financial.
Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is 222 S Riverside Plaza, 15th Floor, Chicago, Illinois 60606.
(c)
Citizenship:
Each of Stoney Lonesome and CCM is organized under the laws of the State of Delaware. Drake Helix is organized under the laws of the State of Wyoming. CDC Financial is organized under the laws of the State of Illinois. Mr. Coghill is a citizen of the United States of America.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
00109K105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the close of business on March 31, 2026:
(i) Stoney Lonesome directly beneficially owned 1,445,577 Shares;
(ii) CCM, as the general partner of Stoney Lonesome, may be deemed the beneficial owner of the 1,445,577 Shares directly beneficially owned by Stoney Lonesome;
(iii) Drake Helix directly beneficially owned 227,515 Shares;
(iv) CDC Financial, as the managing member of each of CCM and Drake Helix, may be deemed the beneficial owner of the 1,445,577 Shares directly beneficially owned by Stoney Lonesome and the 227,515 Shares directly beneficially owned by Drake Helix; and
(v) Mr. Coghill, as the President and sole shareholder of CDC Financial, may be deemed the beneficial owner of the 1,445,577 Shares directly beneficially owned by Stoney Lonesome and the 227,515 Shares directly beneficially owned by Drake Helix.
The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that such Reporting Person does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)
Percent of class:
The following percentages are based on 23,528,844 Shares outstanding as of March 30, 2026, which is the total number of Shares outstanding as disclosed in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 17, 2026.
As of the close of business on March 31, 2026, (i) Stoney Lonesome beneficially owned approximately 6.1% of the outstanding Shares, (ii) CCM may be deemed to beneficially own approximately 6.1% of the outstanding Shares, (iii) Drake Helix beneficially owned approximately 1.0% of the outstanding Shares, (iv) CDC Financial may be deemed to beneficially own approximately 7.1% of the outstanding Shares and (v) Mr. Coghill may be deemed to beneficially own approximately 7.1% of the outstanding Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on February 10, 2026.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Stoney Lonesome HF LP
Signature:
/s/ Clint D. Coghill
Name/Title:
Clint D. Coghill, President and sole shareholder of the managing member of its general partner
Date:
05/15/2026
COGHILL CAPITAL MANAGEMENT LLC
Signature:
/s/ Clint D. Coghill
Name/Title:
Clint D. Coghill, President and sole shareholder of its managing member
Date:
05/15/2026
Drake Helix Holdings, LLC
Signature:
/s/ Clint D. Coghill
Name/Title:
Clint D. Coghill, President and sole shareholder of its managing member
