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The latest announcement is out from AFC Gamma (AFCG).
AFC Gamma, Inc. has successfully spun off its commercial real estate portfolio into a new, independent REIT called Sunrise Realty Trust, Inc. (SUNS), now trading on the Nasdaq. Stockholders received one share of SUNS for every three shares of AFC Gamma held. The intricate Separation and Distribution Agreement outlines the division of assets, liabilities, and indemnification responsibilities, while the Tax Matters Agreement specifies the handling of taxation post-Spin-Off. Concurrently, executive and board member transitions have occurred, with key personnel assuming dual roles in both SUNS and AFC Gamma.
For detailed information about AFCG stock, go to TipRanks’ Stock Analysis page.
