AFC Gamma To Spin Off Non-Cannabis Business [MarketWatch]
AFC Gamma, Inc. (AFCG)
Company Research
Source: MarketWatch
The West Palm Beach, Fla.-based company said Thursday that the spin-off would create two pure-play loan providers, one of which services the cannabis industry and one which focuses on the commercial real-estate industry in the southern U.S. Advertisement The real-estate business will become a publicly traded company called Sunrise Realty Trust. The split is expected to be completed in mid-2024. AFC Gamma said the two separate companies would have some overlapping corporate management but would have distinct investment teams and boards. Brian Sedrish, current chief executive of Southern Realty Trust, is expected to become CEO of Sunrise Realty Trust. Write to Ben Glickman at ben.glickman@wsj.com
Show less
Read more
Impact Snapshot
Event Time:
AFCG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AFCG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AFCG alerts
High impacting AFC Gamma, Inc. news events
Weekly update
A roundup of the hottest topics
AFCG
News
- AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate Portfolio [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate PortfolioGlobeNewswire
- AFC Gamma, Inc. (NASDAQ:AFCG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- AFC Gamma, Inc. Announces Financial Results for First Quarter 2024GlobeNewswire
- Insider Stock Buying Reaches US$2.26m On AFC Gamma [Yahoo! Finance]Yahoo! Finance
AFCG
Earnings
- 5/9/24 - Beat
AFCG
Sec Filings
- 5/20/24 - Form 8-K
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- AFCG's page on the SEC website