<SEC-DOCUMENT>0001829126-25-010370.txt : 20251231
<SEC-HEADER>0001829126-25-010370.hdr.sgml : 20251231
<ACCEPTANCE-DATETIME>20251231170345
ACCESSION NUMBER:		0001829126-25-010370
CONFORMED SUBMISSION TYPE:	N-54A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Advanced Flower Capital Inc.
		CENTRAL INDEX KEY:			0001822523
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				851807125
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-54A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	814-01950
		FILM NUMBER:		251617913

	BUSINESS ADDRESS:	
		STREET 1:		477 S. ROSEMARY AVE., SUITE 301
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33401
		BUSINESS PHONE:		561.510.2390

	MAIL ADDRESS:	
		STREET 1:		477 S. ROSEMARY AVE., SUITE 301
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AFC Gamma, Inc.
		DATE OF NAME CHANGE:	20200825
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-54A
<SEQUENCE>1
<FILENAME>advancedflower_n-54a.htm
<DESCRIPTION>N-54A
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<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center; margin: 0"><B>UNITED STATES</B><BR><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0"><B>Washington, D.C. 20549</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM N-54A</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0"><B>NOTIFICATION OF ELECTION TO BE SUBJECT TO SECTIONS 55<BR>THROUGH 65 OF THE INVESTMENT COMPANY ACT OF 1940 FILED<BR>PURSUANT TO SECTION 54(a) OF THE ACT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">The undersigned business development company hereby notifies the Securities and Exchange Commission that it elects, pursuant to the provisions of section&#160;54(a) of the Investment Company Act of 1940, as amended (the &ldquo;Act&rdquo;), to be subject to the provisions of sections 55 through 65 of the Act and, in connection with such notification of election, submits the following information:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0">Name: <B>Advanced Flower Capital Inc. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0">Address of Principal Business Office (No. &amp; Street, City, State,
Zip Code):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>477 S. Rosemary Avenue, Suite 301<BR>West Palm Beach, FL 33401</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Telephone number (including area code): <B>(561) 510-2390</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Name and address of agent for service of process:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Daniel Neville<BR>Advanced Flower Capital Inc.<BR>477 S. Rosemary Ave., Suite 301<BR>West Palm Beach, FL 33401</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0">Check one of the following:</P>

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    <TD STYLE="vertical-align: top; white-space: nowrap; width: 0.5in; text-align: justify">&#9746;</TD>
    <TD STYLE="vertical-align: top; text-align: left">The company has filed a registration statement for a class of equity securities pursuant to section&#160;12 of the Securities Exchange Act of 1934. Give the file number of the registration statement, or if the file number is unknown or has not yet been assigned, give the date on which the registration statement was filed: <B><U>333-286604</U></B></TD> </TR>
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    <TD STYLE="vertical-align: top; white-space: nowrap; width: 0.5in; text-align: justify">&#9744;</TD>
    <TD STYLE="vertical-align: top; text-align: left">The company is relying on rule&#160;12g-2 under the Securities Exchange Act of 1934 in lieu of filing a registration statement for a class of equity securities under that Act.</TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0">The file number of the registration as an investment company pursuant to section&#160;8(a) of the Act, if any, of the company: <B><U>Not&nbsp;Applicable</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">The file number of the registration as an investment company pursuant to section&#160;8(a) of the Act, if any, of any subsidiary of the company: <B><U>Not&nbsp;Applicable</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">The undersigned company certifies that it is a closed-end company organized
under the laws of the State of Maryland and with its principal place of business in the State of Florida; that it will be operated for
the purpose of making investments in securities described in section 55(a)(1) through (3) of the Act; and that it will make available
significant managerial assistance with respect to issuers of such securities to the extent required by the Act.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Pursuant to the requirements of the Act, the undersigned company has caused this notification of election to be subject to sections&nbsp;55 through 65 of the Act to be duly signed on its behalf in the City of West Palm Beach and State of Florida on the 31<SUP>st</SUP> day of December 2025.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; white-space: nowrap; text-align: left"><B>Advanced Flower Capital Inc.</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left"></TD>
    <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: left">/s/ Brandon Hetzel</TD> </TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left; width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left; width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 5%">Name:</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 41%">Brandon Hetzel</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Title:</TD>
    <TD STYLE="vertical-align: top; text-align: left">Chief Financial Officer and Treasurer</TD></TR>
  </TABLE>

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    <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">Attest:&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: left">/s/ Gabriel Katz</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD> </TR>
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    <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 5%">Name:</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 40%">Gabriel Katz</TD>
    <TD STYLE="text-align: left; vertical-align: top; width: 50%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; white-space: nowrap; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Title:</TD>
    <TD STYLE="vertical-align: top; text-align: left">Chief Legal Officer and Secretary</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
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