Certain Common Stock of AFC Gamma, Inc. are subject to a Lock-Up Agreement Ending on 22-SEP-2021.
September 21, 2021
Share
Certain Common Stock of AFC Gamma, Inc. are subject to a Lock-Up Agreement Ending on 22-SEP-2021. These Common Stock will be under lockup for 91 days starting from 23-JUN-2021 to 22-SEP-2021.
Details:
The executive officers, directors and certain of stockholders have agreed, subject to specified exceptions, not to directly or indirectly, sell, offer, contract or grant any option to sell including any short sale, pledge, transfer, otherwise dispose of any shares of common stock, options or warrants to acquire shares of common stock, or securities exchangeable or exercisable for or convertible into shares of common stock currently or hereafter owned either of record or beneficially, or publicly announce an intention to do any of the foregoing for a period of 90 days after the date of this prospectus without the prior written consent of Jefferies LLC.
AFC Gamma, Inc. is an institutional lender to the commercial real estate sector. The Company primarily originates, structures, underwrites, invests in and manages senior secured loans and other types of commercial real estate loans and debt securities, with a specialization in loans to cannabis industry operators in states that have legalized medical and/or adult-use cannabis. The Companyâs objective is to provide attractive risk-adjusted returns over time through cash distributions and capital appreciation primarily by providing loans to real estate developers and state-law compliant cannabis companies. The loans it originates are primarily structured as senior loans secured by real estate, equipment, value associated with licenses (where applicable) and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The Company targets investing strategically across multiple real estate sectors.