Business Context and Reporting Period
Company: Advanced Flower Capital Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 17, 2026
Reporting Period: As of June 17, 2026
The Company, incorporated in Maryland and listed on The Nasdaq Stock Market LLC under the symbol AFCG, is an emerging growth company. This filing discloses a material update regarding a previously authorized share repurchase program.
Key Financial Metrics and Capital Structure
This filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, or debt levels. The primary financial data disclosed relates to capital structure and share repurchases:
- Repurchase Program Authorization: Up to $5.0 million.
- Repurchase Price Constraint: $3.50 per share or less.
- Shares Repurchased to Date: 719,780 shares (as of June 17, 2026).
- Shares Outstanding: 22,809,064 shares (after giving effect to repurchases).
Material Changes
The filing reports the execution of the Company's share repurchase program. As of the report date, the Company has repurchased 719,780 shares. The filing does not provide comparative data against a prior period to quantify the change in repurchase activity or outstanding share count relative to previous reporting dates.
Guidance, Outlook, and Management Commentary
Program Duration: The Repurchase Program is expected to remain in place until the later of the date $5.0 million of shares have been repurchased or May 4, 2027, unless amended or extended by the Board of Directors.
Constraints: Repurchases are subject to compliance with Rule 38a-1, Rule 17j-1, and Rule 10b-18, including specific price, market, volume, and timing constraints. The Company is not obligated to repurchase shares under the program.
Investor Verification Checklist
- Verify the remaining dollar amount available under the $5.0 million repurchase authorization.
- Confirm the average price paid per share for the 719,780 shares repurchased to date.
- Review the Company's most recent 10-Q or 10-K for liquidity and cash flow status to assess the impact of future repurchases.
- Monitor compliance with Rule 10b-18 constraints regarding trading windows and volume limits.