Offerings // Advanced Flower Capital Inc.

AFCG offering history

Every offering-related filing in Advanced Flower Capital Inc.’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 335 filings back to Aug 27, 2020.

Last executed offering

May 10, 2022

424B5 — priced deal (shares or notes)

Last registration (announced)

Apr 17, 2025

S-3 — capacity, not a sale

Executed, last 12 months

424B pricings + 8-K 3.02 sales

Registered, last 12 months

S-1/S-3/F-series registrations

Date	Filing		What it means
Apr 25, 2025	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Apr 17, 2025	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
May 10, 2022	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Apr 18, 2022	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Apr 5, 2022	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
Jan 7, 2022	424B4 →	EXECUTED	Final prospectus — offering priced (typical for IPOs and marketed share deals)
Jan 5, 2022	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jan 3, 2022	S-11 →	REGISTERED	S-11 registration — capacity to sell shares, not a sale yet
Jun 24, 2021	424B4 →	EXECUTED	Final prospectus — offering priced (typical for IPOs and marketed share deals)
Jun 23, 2021	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jun 21, 2021	S-11 →	REGISTERED	S-11 registration — capacity to sell shares, not a sale yet
Mar 19, 2021	424B4 →	EXECUTED	Final prospectus — offering priced (typical for IPOs and marketed share deals)
Mar 18, 2021	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Mar 16, 2021	S-11/A →	REGISTERED	S-11/A registration — capacity to sell shares, not a sale yet
Feb 24, 2021	S-11/A →	REGISTERED	S-11/A registration — capacity to sell shares, not a sale yet
Feb 16, 2021	S-11/A →	REGISTERED	S-11/A registration — capacity to sell shares, not a sale yet
Feb 11, 2021	S-11/A →	REGISTERED	S-11/A registration — capacity to sell shares, not a sale yet
Feb 3, 2021	S-11/A →	REGISTERED	S-11/A registration — capacity to sell shares, not a sale yet
Jan 22, 2021	S-11/A →	REGISTERED	S-11/A registration — capacity to sell shares, not a sale yet
Dec 28, 2020	S-11 →	REGISTERED	S-11 registration — capacity to sell shares, not a sale yet

AFCG offering-related filings from SEC EDGAR, newest first (capped at 40). Each links to the original document.

Two honest limits. (1) A 424B takedown can price shares or notes— EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.

Is a shelf active now? →Do they need money? →Red flags →Full AFCG workspace →

AFCG offering FAQ

When did AFCG last execute an offering?

Per SEC filings, Advanced Flower Capital Inc.'s most recent priced offering document is a 424B5 filed 2022-05-10. Note a 424B takedown can price shares or notes (debt) — the linked document says which.

When did AFCG last announce or register an offering?

The most recent registration is a S-3 filed 2025-04-17. A registration is capacity to sell shares — not a sale.

Does an offering always mean dilution?

Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.