Brief: Afc Gamma To Separate Commercial Real Estate Lending Business Into Independent Public Company

Advanced Flower Capital

22/02/2024 23:23

Feb 22 (Reuters) - AFC Gamma Inc  AFCG.O :
    * AFC GAMMA TO SEPARATE COMMERCIAL REAL ESTATE LENDING
BUSINESS INTO INDEPENDENT PUBLIC COMPANY
    * AFC GAMMA INC - POST SEPARATION, AFC GAMMA TO REMAIN
SOLELY
FOCUSED ON LENDING IN CANNABIS INDUSTRY
    * AFC GAMMA INC - EXPECTS TO COMPLETE SEPARATION MID-2024
    * AFC GAMMA INC - UPON COMPLETION OF TRANSACTION, SUNRISE
REALTY
TRUST, INC'S COMMON STOCK IS EXPECTED TO BE LISTED ON NASDAQ
UNDER SYMBOL "SUNS."
    * AFC GAMMA - SUNS PLANS TO FILE REGISTRATION STATEMENT ON
FORM 10
TODAY, FEB 22 WITH SEC WITH RESPECT TO SHARES OF SUNS COMMON
STOCK BEING DISTRIBUTED
    * AFC GAMMA- APPROVED PLAN TO SPIN-OFF CRE PORTFOLIO INTO
PUBLICLY
TRADED COMPANY THAT INTENDS TO ELECT REIT STATUS, SUNRISE REALTY
TRUST INC
    * AFC GAMMA INC - UPON COMPLETION OF SPIN-OFF, BRIAN
SEDRISH,
CURRENT CEO OF SOUTHERN REALTY TRUST INC., IS EXPECTED TO LEAD
SUNS AS CEO

Source text for Eikon:  ID:nGNX66WlpD 
Further company coverage:  AFCG.O 

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