Advanced Flower Capital Inc. Announces $5M Stock Repurchase Program

What Happened

• Advanced Flower Capital Inc. filed an 8-K (dated June 18, 2026) announcing a board‑authorized repurchase program to buy up to $5.0 million of its common stock at a price of $3.50 per share or less.
• The company may repurchase shares in the open market from time to time, subject to compliance with Rule 38a‑1, Rule 17j‑1 and the Rule 10b‑18 trading guidelines.
• Unless amended, the program will remain in place until the later of the repurchase of $5.0 million of shares or May 4, 2027. As of June 17, 2026, AFCG has repurchased 719,780 shares; after those repurchases, shares outstanding total 22,809,064. The filing was signed by Brandon Hetzel, CFO and Treasurer.

Key Details

• Authorized repurchase amount: $5.0 million.
• Maximum per‑share price: $3.50 or less.
• Shares repurchased to date (through June 17, 2026): 719,780.
• Shares outstanding after repurchases: 22,809,064.
• Program duration: until $5.0M repurchased or May 4, 2027, unless the Board amends or extends it.
• At the $3.50 cap, $5.0M would cover up to ~1,428,571 shares (so ~708,791 additional shares remain available at that price, assuming no other purchases).

Why It Matters

• A repurchase program can reduce the number of shares outstanding, which may support per‑share metrics and potentially support the share price over time.
• The program size and the company’s disclosure to date are modest: AFCG has repurchased 719,780 shares so far and did not disclose amounts spent or average purchase price.
• Investors should watch subsequent 8‑Ks or quarterly filings for updates on progress, cash use, and any changes to the program.