- AFC Gamma (NASDAQ:AFCG) launches an underwritten public offering of 2.75M shares of its common stock.
- Underwriters' 30-day option to purchase up to an additional 412,500 shares.
- Net proceeds to fund loans related to unfunded commitments to its existing borrowers, to originate and participate in commercial loans to companies operating in the cannabis industry that are consistent with its investment strategy, and for working capital and other general corporate purposes.
- Shares decline 8% during after market hours
- Press Release