AFC Gamma (AFCG) to Offer 2.75M in Common Stock

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Go back to AFC Gamma (AFCG) to Offer 2.75M in Common Stock

AFC Gamma, Inc. Announces Launch of Common Stock Offering

June 21, 2021 5:07 PM EDT

WEST PALM BEACH, Fla., June 21, 2021 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (AFC Gamma) (Nasdaq: AFCG), a commercial real estate finance company that provides loans to operators in the cannabis industry, today announced that it has launched an underwritten public offering (the Offering) of 2,750,000 shares of its common stock. AFC Gamma intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional 412,500 shares of common stock.

AFC Gamma intends to use the net proceeds from the Offering to fund loans related to unfunded commitments to its existing borrowers,... More