AFC Gamma, Inc. (“AFC Gamma”), a commercial real estate finance company that provides loans to operators in the cannabis industry, today announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a public offering price of $19.00 per share. In addition, AFC Gamma has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the initial public offering price, with less underwriting discounts, and commissions. The Company’s common stock is expected to begin trading on The Nasdaq Global Market on March 19, 2021, under the ticker symbol “AFCG.” AFC Gamma anticipates total gross proceeds of approximately $118.8 million, before deducting underwriting discounts and commissions and other offering expenses and excluding any exercise of the underwriters’ option to purchase additional shares.
Published Ncv Newswire, New Cannabis Ventures, 03/18/2021 18:29:00