ITEM 8.01 Other Events.
Pursuant to the terms of the underwriting agreement, dated as of January 5,
2022, by and among AFC Gamma, Inc. (the "Company"), AFC Management, LLC, and
Jefferies LLC and Cowen and Company, LLC for themselves and as representatives
of the underwriters named in Schedule A thereto (collectively, the
"Underwriters"), the Underwriters were granted an over-allotment option to
purchase up to an additional 450,000 shares of the Company's common stock (the
"Optional Shares") in connection with the Company's previously announced public
offering of 3,000,000 shares of common stock. On January 14, 2022, the
Underwriters partially exercised such option with respect to 291,832 Optional
Shares. The Company completed the sale of the Optional Shares on January 19,
2022.
After giving effect to the partial exercise of the over-allotment option, the
total number of shares sold by the Company in the public offering was 3,291,832
shares and total gross proceeds, before deducting underwriting discounts and
commissions, a structuring fee and other offering expenses payable by the
Company, were approximately $67.5 million.
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AFC GAMMA, INC. 
