# EDGAR Filing Document

**Accession Number:** 0001822523
**File Stem:** 0001829126-25-007874
**Filing Date:** 2025-10
**Character Count:** 7838
**Document Hash:** a667c46eabc55720212360afc79913dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-25-007874.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0001829126-25-007874

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251003

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advanced Flower Capital Inc.
- **CENTRAL INDEX KEY:** 0001822523
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 851807125
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39995
- **FILM NUMBER:** 251373655

**BUSINESS ADDRESS:**
- **STREET 1:** 477 S. ROSEMARY AVE., SUITE 301
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 561.510.2390

**MAIL ADDRESS:**
- **STREET 1:** 477 S. ROSEMARY AVE., SUITE 301
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AFC Gamma, Inc.
- **DATE OF NAME CHANGE:** 20200825

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14A**

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934

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| | |
|:---|:---|
| Filed by the Registrant ☒ | Filed by the Registrant ☒ |
| Filed by a Party other than the Registrant ☐ | Filed by a Party other than the Registrant ☐ |
| Check the appropriate box: | Check the appropriate box: |
| ☐ | Preliminary Proxy Statement |
| ☐ | **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** |
| ☐ | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials |
| ☐ | Soliciting Material under §240.14a-12 |

---

**ADVANCED FLOWER CAPITAL INC.**

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14(a)-6(i)(1) and 0-11.

![](proxy_001.jpg)

V O T E T O D A Y O N T H E E N C L O S E D P R O X Y C A R D S e p t e m b e r 30 , 202 5 A F C S h a r e h o l d e r s – t h i s i s a r e m i nd e r t h a t y ou r a ffi r m a t i v e v o t e i s r e qu e s t e d t o a pp r o v e c e r t a i n m a tt e r s t o h e l p f a c ili t a t e A d v a nc e d F l o w e r C a p i t a l I nc . ' s (" A FC ") con v e r s i on f r om a RE I T t o a B u s i n e ss D e v e l opm e n t Comp a n y (" B D C ") r e gu l a t e d und e r t h e I n v e s t m e n t Comp a n y A c t o f 1940 (t h e " 1940 A c t ") . T h e Comp a n y i s ho l d i ng a s p e c i a l m ee t i ng o f s h a r e ho l d e r s on N o v e mb e r 6, 2025 t o s ee k s h a r e ho l d e r a pp r o v a l o f t h e p r opo s a l s d e s c r i b e d b e l o w . Y ou c a n f o ll o w t h e ea s y i n s t r uc t i on s ou t li n e d on t h e e nc l o s e d p r o xy c a r d . Tw o P r opo s a l s R e qu i r e Y ou r A tt e n t i on & S uppo r t: A pp r o v a l o f a n e w 1940 A c t - c om p li a n t i n v e s t m e n t a d v i s or y a g r ee m e n t w i t h A FC M a n a g e m e n t , LL C T h e 1940 A c t r e qu i r es s h a r e ho l d e r a pp r o v a l o f a n i n v es t m e n t a d v i s o ry a g r ee m e n t b e t w ee n a B D C a nd i t s i n v es t m e n t a d v i se r . A pp r o v a l o f r e d u ce d a ss e t c o v e r a g e r e q u i r e m e n t s und e r S e c t i on 61 (a)(2) o f t h e 1940 A c t A s a B D C , A FC w ou l d b e com e s ub j e c t t o li m i t s on i t s u se o f l e v e r a g e . U nd e r t h e 1940 A c t , a B D C ' s s h a r e ho l d e r s c a n v o t e t o r e duc e t h i s li m i t . T h e A F C B o a r d o f D i r ec t o r s (t h e " B o a r d ") un a n i mou s l y r ec omm e n d s s h a r e ho l d e r s v o t e " F O R " ea c h o f t h e p r o p o s a l s . F a il u r e t o a pp r o v e t h e p r o p o s a l s w ou l d p r oh i b i t u s f r om m o v i n g f or w a r d w i t h t h e c o n v e r s i on f r om a R E I T t o a B D C . S h a r e ho l d e r s s hou l d ca r e f u ll y r ea d t h e p r o x y s t a t e m e n t f or a dd i t i on a l d e t a il a n d i n f orm a t i on a b ou t ea c h o f t h e p r o p o s a l s . T h a nk y ou f o r y ou r con t i nu e d s uppo r t o f A F C . S i nc ere ly , L e on a r d M . T a nn e n b a u m Ch a i r m a n o f t h e B o a r d A d v a nc e d F l o w e r C a p i t a l I nc . Y O U R V O T E I S R E Q U E S T E D A F C S P E C I A L M EE T I N G O F S H A R E H O L D E R S

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Y O U R V O T E I S I M P O R T A N T , N O M A TT E R H O W M A N Y S H A R E S Y O U O W N . I f y o u h a v e a n y qu es t i on s , o r n ee d ass i s t a n c e i n v o t i n g y ou r s h a r e s o n t h e e n c l o se d p r o x y c a r d , p l eas e c a l l ou r p r o x y s o li c i t o r : I NN I S F R E E M & A I N C O R P O R A T E D S H A R E H O L D E R S I N T H E U . S . A N D C A N A D A C A L L T O LL - FR EE : + 1 (877) 750 - 826 9 B A N K S A N D BR O K E R S C A L L CO LL E C T : + 1 (212) 750 - 583 3 H O W T O V O T E : U s e t h e e n c l o se d p r o x y c a r d a n d v o t e F O R bo t h p r opo sa l s t od a y . F O R WA R D - L OO K I N G S T A T E M E N T S T h i s r e l eas e con t a i n s f o rw a r d - l oo k i n g s t a t e m e n t s w i t h i n t h e m ea n i n g o f t h e P r i v a t e S e cu r i t i e s Li t i g a t i o n R e f o r m A c t o f 199 5 t h a t r e fl e c t ou r cu rr e n t v i e w s a n d p r o j e c t i on s w i t h r es p e c t t o , a mon g o t h e r t h i ng s , f u t u r e e v e n t s a n d fi n a nc i a l p e r f o r m a nc e . W o r d s s uc h a s " b e li e v es , " " e x p e c t s , " " w ill , " " i n t e nd s , " " p l a n s , " " gu i d a nc e , " " es t i m a t es , " " p r o j e c t s , " " a n t i c i p a t es , " a n d " f u t u r e " o r s i m il a r e x p r ess i on s a r e i n t e nd e d t o i d e n t if y f o rw a r d - l oo k i n g s t a t e m e n t s . T h es e f o rw a r d - l oo k i n g s t a t e m e n t s , i nc l ud i n g a n y s t a t e m e n t s a bou t ou r f u t u r e g r o w t h a n d s t r a t e g i e s f o r s uc h g r o w t h , a r e s ub j e c t t o t h e i nh e r e n t unc e r t a i n t i e s i n p r e d i c t i n g f u t u r e r es u l t s a n d cond i t i on s a n d a r e no t gu a r a n t ee s o f f u t u r e p e r f o r m a nc e , cond i t i on s o r r es u l t s . I n f o r m a t i o n a bou t c e r t a i n r i s k s a n d po t e n t i a l f a c t o r s t h a t cou l d c a u s e r es u l t s a n d p e r f o r m a nc e t o d iff e r m a t e r i a ll y f r o m p r o j e c t i on s con t a i n e d h e r e i n , i f a n y , a n d t h a t cou l d a ff e c t ou r bu s i n es s a n d fi n a nc i a l r es u l t s i s i nc l ud e d i n A FC ' s fili ng s w i t h t h e S EC , i nc l ud i n g i n t h e " R i s k F a c t o r s " a n d " M a n a g e m e n t ' s D i s cu ss i o n a n d A n a l y s i s o f F i n a nc i a l Cond i t i o n a n d R es u l t s o f Op e r a t i on s " se c t i on s o f A FC ' s mo s t r e c e n t l y fil e d p e r i od i c r e po r t s o n Fo r m 10 - K , Fo r m 10 - Q a n d s ub se qu e n t fili ng s . N e w r i s k s a n d unc e r t a i n t i e s a r i s e o v e r t i m e , a n d i t i s no t po ss i b l e t o p r e d i c t t ho s e e v e n t s o r ho w t h e y m a y a ff e c t A FC . W e d o no t und e r t a k e a n y ob li g a t i o n t o pub li c l y upd a t e o r r e v i s e a n y f o rw a r d - l oo k i n g s t a t e m e n t s , w h e t h e r a s a r es u l t o f n e w i n f o r m a t i on , f u t u r e e v e n t s o r o t h e rw i se , e x c e p t a s r e qu i r e d b y l a w .