Advanced Flower Capital (AFCG) group led by Coghill reports 8.6% ownership

Rhea-AI Filing Summary

Advanced Flower Capital Inc. (AFCG) has a Schedule 13G/A reporting a group led by Clint D. Coghill and affiliated entities holding a significant stake of the company’s common stock. As of June 30, 2026, Stoney Lonesome HF LP directly beneficially owned 1,713,363 shares, equal to 7.3% of the outstanding shares, with Coghill Capital Management LLC potentially deemed to own the same shares as its general partner. Drake Helix Holdings, LLC directly beneficially owned 320,438 shares, or 1.4%. Through its roles as managing member of both CCM and Drake Helix, CDC Financial, Inc. and, in turn, Clint D. Coghill may each be deemed to beneficially own an aggregate 2,033,801 shares, representing 8.6% of AFCG’s common stock, based on 23,528,844 shares outstanding as of May 1, 2026. The reporting persons disclaim beneficial ownership of securities they do not directly own.

Key Figures

Stoney Lonesome shares: 1,713,363 shares Stoney Lonesome ownership: 7.3% Drake Helix shares: 320,438 shares +4 more

7 metrics

Stoney Lonesome shares 1,713,363 shares Shares of AFCG common stock directly beneficially owned as of June 30, 2026

Stoney Lonesome ownership 7.3% Percentage of AFCG outstanding common stock beneficially owned by Stoney Lonesome

Drake Helix shares 320,438 shares Shares of AFCG common stock directly beneficially owned by Drake Helix

Drake Helix ownership 1.4% Percentage of AFCG outstanding common stock beneficially owned by Drake Helix

Aggregate Coghill-related shares 2,033,801 shares Shares of AFCG that CDC Financial and Clint D. Coghill may be deemed to beneficially own

Aggregate Coghill-related ownership 8.6% Percentage of AFCG outstanding common stock that CDC Financial and Clint D. Coghill may be deemed to own

Shares outstanding 23,528,844 shares AFCG common shares outstanding as of May 1, 2026, used for percentage calculations

Key Terms

beneficially owned, Schedule 13G, Sole Voting Power, Shared Dispositive Power, +1 more

5 terms

beneficially owned financial

"Stoney Lonesome directly beneficially owned 1,713,363 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.

Schedule 13G regulatory

"The filing of this shall not be deemed an admission under Section 13(d)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Sole Voting Power financial

"5 | Sole Voting Power 0.00 6 | Shared Voting Power 1,713,363.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Shared Dispositive Power financial

"8 | Shared Dispositive Power 1,713,363.00"

percent of class financial

"The following percentages are based on 23,528,844 Shares outstanding"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 07:26 PM Accepted by SEC EDGAR 07/29/2026 - 07:25 PM Learn about SEC filing dates

FAQ

What percentage of Advanced Flower Capital Inc. (AFCG) does Stoney Lonesome HF LP own?

Stoney Lonesome HF LP directly beneficially owns 1,713,363 shares of AFCG, representing approximately 7.3% of the outstanding common stock, based on 23,528,844 shares outstanding as of May 1, 2026.

How many Advanced Flower Capital Inc. (AFCG) shares are attributed to Clint D. Coghill?

Clint D. Coghill may be deemed to beneficially own 2,033,801 shares of AFCG, representing approximately 8.6% of the common stock, through his ownership of CDC Financial and its control of CCM and Drake Helix.

What is Drake Helix Holdings, LLC’s stake in Advanced Flower Capital Inc. (AFCG)?

Drake Helix Holdings, LLC directly beneficially owns 320,438 shares of AFCG common stock, which equals approximately 1.4% of the company’s outstanding shares as of June 30, 2026.

What share count did Advanced Flower Capital Inc. (AFCG) use to calculate ownership percentages?

Ownership percentages are based on 23,528,844 shares of AFCG common stock outstanding as of May 1, 2026, as disclosed in AFCG’s Quarterly Report on Form 10-Q filed on May 7, 2026.

Who are the reporting persons in the AFCG Schedule 13G/A amendment?

The reporting persons are Stoney Lonesome HF LP, Coghill Capital Management LLC, Drake Helix Holdings, LLC, CDC Financial, Inc., and Clint D. Coghill, all reporting beneficial ownership of AFCG common stock as a group.

Do the reporting persons claim full beneficial ownership of all AFCG shares reported?

No. Each reporting person disclaims beneficial ownership of AFCG securities that he or it does not directly own, stating that inclusion in the filing does not admit beneficial ownership under Section 13(d).

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Advanced Flower Capital Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

00109K105

(CUSIP Number)

06/30/2026

(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 1,713,363.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,713,363.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,713,363.00

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)

7.3 %

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 1,713,363.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,713,363.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,713,363.00

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)

7.3 %

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 320,438.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 320,438.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

320,438.00

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)

1.4 %

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 2,033,801.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,033,801.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,033,801.00

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)

8.6 %

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 2,033,801.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,033,801.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,033,801.00

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)

8.6 %

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 June 30, 2026: (i) Stoney Lonesome directly beneficially owned 1,713,363 Shares; (ii) CCM, as the general partner of Stoney Lonesome, may be deemed the beneficial owner of the 1,713,363 Shares directly beneficially owned by Stoney Lonesome; (iii) Drake Helix directly beneficially owned 320,438 Shares; (iv) CDC Financial, as the managing member of each of CCM and Drake Helix, may be deemed the beneficial owner of the 1,713,363 Shares directly beneficially owned by Stoney Lonesome and the 320,438 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 1,713,363 Shares directly beneficially owned by Stoney Lonesome and the 320,438 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 May 1, 2026, which is the total number of Shares outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 7, 2026. As of the close of business on June 30, 2026, (i) Stoney Lonesome beneficially owned approximately 7.3% of the outstanding Shares, (ii) CCM may be deemed to beneficially own approximately 7.3% of the outstanding Shares, (iii) Drake Helix beneficially owned approximately 1.4% of the outstanding Shares, (iv) CDC Financial may be deemed to beneficially own approximately 8.6% of the outstanding Shares and (v) Mr. Coghill may be deemed to beneficially own approximately 8.6% 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:	07/29/2026

COGHILL CAPITAL MANAGEMENT LLC

Signature:	/s/ Clint D. Coghill
Name/Title:	Clint D. Coghill, President and sole shareholder of its managing member
Date:	07/29/2026

Drake Helix Holdings, LLC

Signature:	/s/ Clint D. Coghill
Name/Title:	Clint D. Coghill, President and sole shareholder of its managing member
Date:	07/29/2026

CDC Financial, Inc.

Signature:	/s/ Clint D. Coghill
Name/Title:	Clint D. Coghill, President and sole shareholder
Date:	07/29/2026

COGHILL CLINT D

Signature:	/s/ Clint D. Coghill
Name/Title:	Clint D. Coghill
Date:	07/29/2026