of this Current Report, including Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Entry into a Material Definitive Agreement Amendment to Loan and Security Agreement On September 25, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into Amendment Number Ten to the Loan and Security Agreement (the “Tenth Amendment”), dated as of April 29, 2022 (as amended, supplemented or otherwise modified from time to time, including by the Tenth Amendment), by and among the Company, as a borrower, the other borrowers party thereto, the lenders party the…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant The information provided in

Regulation FD Disclosure As previously announced, the Board of Directors of Advanced Flower Capital Inc. (the “Company”) has authorized a program for the purpose of repurchasing up to $5.0 million of the Company's common stock (the “Repurchase Program”). Under the Repurchase Program, the Company may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time, provided that the Company complies with the prohibitions under its compliance policies and p…

Regulation FD Disclosure As previously announced, the Board of Directors of Advanced Flower Capital Inc. (the “Company”) has authorized a program for the purpose of repurchasing up to $5.0 million of the Company's common stock (the “Repurchase Program”). Under the Repurchase Program, the Company may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time, provided that the Company complies with the prohibitions under its compliance policies and p…

of this Current Report, including Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant The information provided in

Entry into a Material Definitive Agreement Amendment to Loan and Security Agreement On June 26, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into Amendment Number Nine to the Loan and Security Agreement (the “Ninth Amendment”), dated as of April 29, 2022 (as amended, supplemented or otherwise modified from time to time, including by the Ninth Amendment), by and among the Company, as borrower, the lenders party thereto and the lead arranger, bookrunner an…

Regulation FD Disclosure As previously announced, the Board of Directors of Advanced Flower Capital Inc. (the “Company”) has authorized a program for the purpose of repurchasing up to $5.0 million of the Company's common stock (the “Repurchase Program”) at a price equal to $3.50 per share or less. Under the Repurchase Program, the Company may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time, provided that the Company complies with the proh…

of this Current Report, including Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant The information provided in

Entry into a Material Definitive Agreement Amendment to Loan and Security Agreement On March 27, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into Amendment Number Eight to the Loan and Security Agreement (the “Eighth Amendment”), dated as of April 29, 2022 (as amended, supplemented or otherwise modified from time to time, including by the Eighth Amendment), by and among the Company, as borrower, the lenders party thereto and the lead arranger, bookrunne…

Results of Operations and Financial Condition. On March 4, 2026, Advanced Flower Capital Inc. (the “Company”) issued a press release announcing its financial and operational results for the fourth quarter and year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto. On March 4, 2026, the Company furnished a copy of an earnings presentation intended to be used by representatives of the Company announcing its financial and operational results for the fourth…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant The information provided in

Entry into a Material Definitive Agreement. On January 27, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into an unsecured revolving credit agreement (the “Credit Agreement”) with TCGSL LLC, acting as agent and lender (in such capacity, the “Lender”). TCGSL LLC is indirectly wholly-owned by Leonard M. Tannenbaum, Chairman of the Company’s Board of Directors, and certain members of his immediate family and certain trusts for their benefit, and an affiliate…

Entry into a Material Definitive Agreement Amendment to Loan and Security Agreement On January 13, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into Amendment Number Six to the Loan and Security Agreement (the “Sixth Amendment”), dated as of April 29, 2022 (as amended, supplemented or otherwise modified from time to time, including by the Sixth Amendment), by and among the Company, as borrower, the lenders party thereto and the lead arranger, bookrunner…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant The information provided in

assistant treasurer and principal financial officer (PFO) — Pete Sattelmair: Mr. Sattelmair was appointed as assistant treasurer and principal financial officer of the Company.

Entry into a Material Definitive Agreement. Investment Advisory Agreement In accordance with the foregoing, on the Conversion Date, the Company and the Manager entered into the Investment Advisory Agreement. The Investment Advisory Agreement replaced the Existing Management Agreement (as defined below) beginning on January 1, 2026. Pursuant to the Investment Advisory Agreement, the Company will pay a base management fee (“Base Management Fee”) calculated at an annual rate of 1.50% of the aver…

Material Modification to Rights of Security Holders. In connection with the Conversion, on the Conversion Date, the Company filed with the State Department of Assessments and Taxation of Maryland a Certificate of Notice disclosing that, pursuant to the charter of the Company (the “Charter”), the Board determined that it is no longer in the best interests of the Company for the Company to continue to qualify as a REIT for U.S. federal income tax purposes and that the ownership and transfer res…

Termination of a Material Definitive Agreement. On the Conversion Date, the Manager and the Company mutually agreed to terminate the Amended and Restated Management Agreement, dated as of January 14, 2021, as amended from time to time, between the Company and the Manager (the “Existing Management Agreement”). As noted above, the Investment Advisory Agreement replaced the Existing Management Agreement beginning on January 1, 2026. The Manager is not entitled to a Termination Fee (as defined in…

of this Current Report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

of this Current Report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Entry into a Material Definitive Agreement On June 6, 2025, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into an amendment (the “Amendment”) to that certain Loan and Security Agreement, dated as of April 29, 2022 (the “Agreement”), by and among the Company, the lender party thereto and the lead arranger, bookrunner and administrative agent party thereto. The Amendment, among other things, increases the commitment from the lender to $50 million. The foregoing d…

of this Current Report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.