Sunrise Realty Trust Stockholders Approve Merger with Southern Realty Trust

On October 23, 2026, stockholders of Sunrise Realty Trust, Inc. (Nasdaq: SUNS) approved the issuance of approximately 8,464,955 shares to facilitate its merger with Southern Realty Trust Inc. (SRT), with 91.6% of the votes in favor from 59.5% of outstanding shares. The merger is set to close on November 5, 2026, pending customary conditions, and will result in SRT merging into a wholly owned subsidiary of SUNS, enhancing their commercial real estate lending platform under Tannenbaum Capital Group.