Advanced Flower Capital (AFCG) filed a registration statement Thursday for the potential sale of securities of up to $1 billion from time to time in one or more offerings.
The filing covers common stock, preferred stock, depositary shares, warrants and subscription rights, according to the filing.
The company plans to invest the proceeds in interest-bearing, short-term investments, until specified at the time of offerings.
Shares of Advanced Flower Capital were up more than 4% in after-hours trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.