{"filings":[{"id":95353,"accession_number":"0001493152-26-016035","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-04-10T23:59:59+00:00","items":["3.02","5.03","3.03","7.01","9.01"],"status":"ready","headline":"Beneficient closes $8.75M primary capital commitment in Quartus AI Fund LP","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 875,214 shares of Series B-10 Preferred Stock, convertible at $3.5479/share with a floor of $1.2418.","Company records $1.2M unrealized gain from pro rata interest in existing portfolio appreciation.","Collateral for ExAlt loan portfolio and tangible book value each expected to increase ~$9.77M.","Conversion of preferred stock capped at 7,047,947 shares; stockholder approval needed to exceed exchange cap.","Quartus Capital Partners, investing in growth-stage vertical AI, has top-quartile performance and was Best Emerging Manager 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108361,"accession_number":"0001493152-26-013672","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-03-30T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Stockholders approve LTIP amendment increasing share reserve by 1M shares plus 15% of outstanding","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment adds 1,000,000 shares plus 15% of outstanding shares to the 2023 LTIP pool.","Quarterly adjustment caps total available shares at lesser of 200M shares or 1M + 15% of outstanding.","Directors Peter T. Cangany, Patrick J. Donegan, Karen J. Wendel reelected to 2027 meeting.","Ratification of Weaver and Tidwell as independent auditor for fiscal year ending March 31, 2026.","Approximately 91.7% of total voting power represented at March 27, 2026 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108360,"accession_number":"0001493152-26-009772","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-03-12T23:59:59+00:00","items":["1.01","3.02","5.02","7.01","9.01"],"status":"ready","headline":"Beneficient appoints Mack Hicks to board; settles $1.66M credit liability with equity and deferred cash","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Mack Hicks appointed to board effective March 10, 2026; CEO of Hicks Holdings, a family office.","Credit agreement amended: $1.66M interest/fees settled via 149,904 shares of Class A stock ($572,588) and deferred cash of $94,365 (due 3/31/26) and $1M (due 9/30/26).","Principal of $27.5M under the credit agreement had been repaid in full earlier in 2026.","HH-BDH (affiliate of Hicks) holds 11.7M shares of Class A and related partnership interests; piggyback registration rights granted for the new shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108359,"accession_number":"0001775734-26-000010","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Beneficient posts $3.9M GAAP operating income in Q3; resolves GWG litigation, regains Nasdaq compliance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP operating income of $3.9M vs loss of $17.9M prior quarter; revenue $18.7M.","GWG Holdings litigation resolved with court-approved settlement; Nasdaq compliance fully regained.","HH-BDH Credit Agreement principal fully repaid (excl $1.7M deferred interest); $50.2M in YTD asset sale proceeds.","Ben Custody NAV $230.2M; Ben Liquidity interest income $8.2M, operating loss $29.2M on higher credit losses.","Basic Class A EPS $1.19 (diluted $0.04); adjusted operating loss $36.8M vs $7.3M loss year-ago."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":3284000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108358,"accession_number":"0001493152-26-002993","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-01-21T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Court approves GWG litigation settlement; claims against Beneficient resolved","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["District Court approved settlement of all GWG-related claims against Beneficient and its directors/officers.","Settlement amount within insurance policy limits; no admission of fault or wrongdoing.","Bankruptcy Court previously approved settlement in June 2025; now final with District Court approval.","Remaining GWG-related claims against former CEO's entities may trigger indemnification obligations for Beneficient.","Interim CEO James Silk says company can now focus on business strategy and creating shareholder value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108357,"accession_number":"0001493152-26-002735","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Beneficient repays ~$27.5M in debt early; still owes $1.66M in deferred interest","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Completed repayment of ~$27.5M aggregate principal to Texas state bank and Hicks Holdings ~10 months early.","Remaining $1.66M in deferred interest/fees owed to Hicks Holdings; expects to pay over time on mutual terms.","CEO James Silk stated the early payoff strengthens balance sheet and positions for strategic priorities.","All obligations under the lender credit agreement are satisfied; final payment will clear Hicks Holdings agreement.","Company believes eliminated debt improves capital structure flexibility and ability to pursue business objectives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108356,"accession_number":"0001493152-26-000893","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-01-08T23:59:59+00:00","items":["3.02","5.03","3.03","7.01","9.01"],"status":"ready","headline":"Beneficient closes $3M GP primary capital transaction, issues Series B-9 convertible preferred stock","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Transaction funded Jan 5, 2026; customer received 302,273 Series B-9 Preferred Stock for NAV of $3,022,728.","Series B-9 conversion price initially $7.1332, floor $5.3499; max 565,007 common shares issuable upon conversion.","Preferred stock ranks pari passu with common, junior to Series A through B-8 preferred shares.","Press release identifies fund as Cork & Vines Fund I LP; collateral for ExAlt loan portfolio increases by ~$3M.","Second closing with same GP; program targets up to $330B potential demand for GP primary commitments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108355,"accession_number":"0001493152-26-000259","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2026-01-05T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Beneficient regains full Nasdaq compliance after bid price and warrants deficiency resolved","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Beneficient on Jan 2, 2026, that it regained compliance with Listing Rule 5550(a)(2) (bid price) and 5560(a) (warrants).","Company is now in full compliance with all Nasdaq Capital Market listing requirements.","Prior deficiency related to minimum bid price and warrant listing standards has been cured.","Press release issued Jan 5, 2026, confirming the compliance status."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124815,"accession_number":"0001493152-25-028060","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-12-17T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Beneficient appoints Peter T. Cangany Jr. as Chairman of the Board effective Dec 15, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Peter T. Cangany Jr. appointed Chairman of the Board, effective December 15, 2025.","Cangany has served as Director and Audit Committee Chair since 2019; retired EY partner with 40 years at firm.","Cangany holds CPA, B.A. from Franklin College, MBA from Texas A&M; brings financial services and governance expertise.","Appointment announced via press release on December 17, 2025; Cangany succeeds prior chairman role."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124814,"accession_number":"0001493152-25-027152","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-12-11T23:59:59+00:00","items":["3.03","5.03","7.01","9.01"],"status":"ready","headline":"Beneficient announces 1-for-8 reverse stock split effective Dec 15 to regain Nasdaq compliance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["1-for-8 reverse stock split of Class A and Class B common stock effective December 15, 2025.","Authorized shares reduced: Class A from 5B to 625M, Class B from 250K to 31,250.","Outstanding shares expected to decrease from ~111M to ~13.8M (Class A) and ~239K to ~29.9K (Class B).","No fractional shares; stockholders receive an additional share instead of a fractional share.","Split intended to regain compliance with Nasdaq minimum bid price requirement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124813,"accession_number":"0001493152-25-027096","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Beneficient announces death of Chairman Thomas O. Hicks at age 79","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Thomas O. Hicks passed away on December 6, 2025, at age 79; he was Chairman since July 2025.","Hicks co-founded Hicks & Haas (1984) and Hicks Muse Tate & Furst (1989), private equity pioneer.","He served on Beneficient Board since 2017 and was appointed Chairman in July 2025.","Board and management committed to continuing the company's mission in his honor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124812,"accession_number":"0001493152-25-025739","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-12-02T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Beneficient shareholders approve reverse stock split authorization at special meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Proposal 1 approved with ~104.35M votes for, 590K against, 15.8K abstain; ratio range 1:5 to 1:100 set by board.","Proposal 2 (adjournment) also approved; ~104.3M for, 578K against.","Meeting held Dec 1, 2025; ~92.8% of total voting power represented.","Exact reverse split ratio and timing to be determined by board; no effective date announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124811,"accession_number":"0001775734-25-000050","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Beneficient Q2 GAAP revenue $(2.8M), operating loss $(17.9M); insiders convert $52.6M preferred","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue negative $(2.8M) vs positive $8.6M in prior year; diluted EPS $(0.37) vs $0.03.","Operating expenses (ex-special items) down 38.8% to $13.4M, reflecting cost discipline.","Insider conversion: Chairman and interim CEO converted $52.6M of BCH Preferred to common stock.","Regained Nasdaq compliance for periodic filing and market value of listed securities.","Loan portfolio net $223M backed by $244M investments; cash $4.9M, debt $104M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":-15386000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124810,"accession_number":"0001493152-25-020822","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Beneficient discloses indictment of former CEO Brad Heppner by SDNY","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["United States Attorney for SDNY indicted former Chairman and CEO Brad Heppner on November 5, 2025.","Company issued press release confirming indictment; no charges or potential liability detailed.","Heppner is a former executive; no statement on current operational or financial impact.","No remedial actions or estimated exposure disclosed in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124809,"accession_number":"0001493152-25-020271","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Beneficient regains compliance with two Nasdaq rules, but remains noncompliant on bid price","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Beneficient on Oct 29, 2025 that it regained compliance with periodic filing and $35M MVLS requirements.","Company remains noncompliant with $1.00 bid price requirement and must comply within Panel extension period to avoid delisting.","Beneficient plans to seek stockholder approval for reverse stock split to meet $1.00 bid price requirement.","Compliance achieved by filing FY2025 10-K and Q1 2026 10-Q, and meeting $35M MVLS alternative to equity standard."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124808,"accession_number":"0001493152-25-018825","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["3.02","7.01","9.01"],"status":"ready","headline":"Beneficient Chairman and Interim CEO Convert $52.6M in Preferred Units for 101.3M Class A Shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Chairman Hicks converted $48M for 92.5M shares; CEO Silk converted $4.6M for 8.8M shares; total 101.3M shares issued.","Conversion shares locked up until Oct 1, 2028; insiders forfeit appreciation to avoid near-term market dilution.","Conversion addresses Nasdaq minimum equity deficiency; company now seeks compliance via market value of listed securities (MVLS).","Insiders gave up liquidation preference, preferred return, and other senior rights, becoming common-equity aligned."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124807,"accession_number":"0001775734-25-000040","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-10-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Beneficient Q1 fiscal 2026 GAAP operating loss of $92.6M; revenue negative $12.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue negative $12.6M (prior year $10.0M); GAAP operating loss $92.6M vs income $44.3M YoY.","EPS (Class A) basic and diluted -$7.19; prior year $12.11 basic, $0.17 diluted.","Operating expenses $80.0M include $62.8M loss contingency accrual; adjusted expenses $17.2M.","Three primary capital transactions added $11.7M (fair value); asset sales generated $38.1M gross proceeds.","Board Chairman and interim CEO converted $52.6M of BCH Preferred Series A-1 into Class A common stock."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":-15386000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124806,"accession_number":"0001493152-25-017597","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-10-09T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Beneficient receives Nasdaq delisting notice for negative stockholders' equity of $34.9M","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Beneficient on Oct 3, 2025 of non-compliance with Listing Rule 5550(b)(1) due to stockholders' equity of ($34,925,000) as of March 31, 2025.","Company already faces outstanding delisting risks for late 10-Q filing (Rule 5250(c)(1)) and bid price below $1 (Rule 5550(a)(2)).","A Nasdaq hearing panel considered the company's compliance plan on August 26, 2025; new equity deficiency will factor in that decision.","Beneficient plans to file its June 30, 2025 10-Q and seek stockholder approval for a reverse stock split to regain bid price compliance.","No assurance the company can timely regain compliance with all Nasdaq listing criteria."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141509,"accession_number":"0001775734-25-000020","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-09-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Beneficient reports fiscal 2025 Q4 negative revenue $31.0M, operating loss $45.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP revenue negative $31.0M, adjusted operating loss $42.9M; basic EPS $8.51, diluted $0.06.","Operating expenses fell 91% to $14.3M in Q4 vs $151.9M prior year, driven by non-cash items.","Loan portfolio net $244.1M at March 31, 2025, down from $256.2M; cash $1.3M, debt $117.9M.","Post-year-end: Thomas O. Hicks appointed Chairman, James G. Silk interim CEO (July 21, 2025).","GWG lawsuit settlement approved by bankruptcy court; investigating validity of HCLP credit agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141508,"accession_number":"0001493152-25-013630","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-09-16T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Beneficient (BENF) gets Nasdaq extension to file delinquent reports and regain bid price compliance","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Panel granted extension by letter dated Sept 9, 2025; hearing held Aug 26.","Conditions: file 10-K for FY ended March 31, 2025 and 10-Q for quarter ended June 30, 2025.","Company must also demonstrate $1.00 bid price compliance; plans reverse stock split if needed.","Company continues to work with auditor to complete delinquent reports within extension period.","Failure to comply could lead to delisting; no assurance of timely compliance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141507,"accession_number":"0001641172-25-025249","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-08-22T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Beneficient receives additional Nasdaq delisting notice for late Q1 10-Q filing","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Beneficient on August 18, 2025 of non-compliance with Listing Rule 5250(c)(1) for delayed Q1 FY2026 10-Q filing.","This is an additional basis for delisting; the company already faces delisting for bid price <$1.00 and late annual report (10-K).","A hearing before the Nasdaq Hearings Panel has been requested; no assurance of continued listing.","Company's Class A common stock (BENF) and warrants (BENFW) trade on Nasdaq Capital Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141506,"accession_number":"0001641172-25-022297","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.04"],"status":"ready","headline":"Beneficient defaults on $94.4M credit agreements; cross-defaults $11.6M; former CEO investigated for fraud","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["HCLP declared defaults on First Lien and Second Lien Credit Agreements; $94.4M principal and $20.8M interest accelerated as of July 30, 2025.","Cross-default triggered on HH-BDH Credit Agreement; $11.6M term loan potentially accelerated.","Company investigating former CEO Brad Heppner for fabricating fake HCLP documents; evaluating debt validity and considering litigation.","Interest rate on past-due amounts increased to 11.5% per annum effective April 14, 2025.","Pledgors prohibited from selling or transferring certain collateral including equity interests in investment funds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141505,"accession_number":"0001641172-25-020350","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-07-21T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Beneficient appoints James Silk as interim CEO, Thomas Hicks as Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James G. Silk appointed interim CEO effective July 20, 2025; base salary $750,000, eligible for equity awards.","Thomas O. Hicks named Chairman of the Board, separating roles from CEO.","Silk is former EVP and Chief Legal Officer (Jan 2020-May 2024), previously partner at Willkie Farr.","Silk succeeds Brad Heppner, who resigned as CEO and Chairman on June 19, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141504,"accession_number":"0001641172-25-020277","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-07-18T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Beneficient receives Nasdaq delisting notice for bid price non-compliance and delinquent 10-K","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Beneficient on July 16, 2025 that securities are subject to delisting due to bid price below $1.00 for over 180 days and failure to file FY2025 10-K.","Company plans to request a hearing before the Nasdaq Hearings Panel and a stay of suspension pending the hearing outcome.","No assurance that the Panel will grant continued listing or any extension; delisting could follow.","The company's Class A common stock (BENF) and warrants (BENFW) trade on The Nasdaq Capital Market.","Annual Report for fiscal year ended March 31, 2025 remains unfiled, cited as a separate delisting basis."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159353,"accession_number":"0001641172-25-016507","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-06-25T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Beneficient CEO/Chairman Brad Heppner resigns amid audit interview dispute","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brad Heppner resigned as CEO and director effective June 19, 2025, after refusing a formal interview about documents provided to auditors in 2019.","Resignation follows request from Audit Committee; Heppner's counsel alleges company threatened 8-K to pressure concessions.","Heppner rejected proposals including conversion of preferred shares held by BHI to meet Nasdaq equity requirements.","Heppner stated only viable course for company is orderly wind down of operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159352,"accession_number":"0001641172-25-016351","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-06-25T23:59:59+00:00","items":["3.02","5.03","3.03","7.01","9.01"],"status":"ready","headline":"Beneficient closes $1.91M GP primary capital transaction, issues Series B-8 convertible preferred stock","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Exchanged $1,910,370 limited partner interest in Mendoza Ventures Growth Fund III for 191,037 Series B-8 convertible preferred shares.","Series B-8 Preferred converts into Class A common at an initial price of $0.3397/share; subject to monthly resets with a floor of $0.2548.","Up to 7,497,528 shares of Class A common stock may be issued upon conversion of the Series B-8 Preferred.","Series B-8 Preferred ranks junior to eight existing series of convertible preferred stock and pari passu to common stock.","Transaction is third GP primary of fiscal year 2025 and increases ExAlt loan portfolio collateral by ~$1.91M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159351,"accession_number":"0001641172-25-015332","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-06-17T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Bankruptcy Court approves GWG litigation settlement; Beneficient resolves all claims within insurance limits","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Bankruptcy Court approved settlement resolving all GWG-related claims against Beneficient, subsidiaries, and current/former directors and officers.","Settlement amount is within applicable insurance policy limits; no admission of fault, liability, or wrongdoing by any defendant.","Settlement is final subject to 14-day appeal period and remains subject to approval by District Court for Northern District of Texas.","Other outstanding GWG-related claims against entities related to founder/CEO remain; Beneficient holds indemnification obligations and supports defense.","Company states the settlement allows renewed focus on executing business strategy and creating shareholder value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159350,"accession_number":"0001641172-25-014440","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-06-10T23:59:59+00:00","items":["1.02"],"status":"ready","headline":"Sellers terminate Beneficient's agreement to acquire Mercantile Bank International","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sellers delivered notice on June 3, 2025, terminating the Purchase Agreement effective immediately.","The termination did not cause Beneficient to incur any additional liability.","Original agreement was entered on December 4, 2024, for acquisition of MBI from MGH.","No break-up fees or financial penalties disclosed in connection with the termination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159349,"accession_number":"0001641172-25-013609","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-06-04T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Beneficient holds 2025 annual meeting; elects seven directors and ratifies auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Votes represented 5,509,937 shares (~51% of total voting power) as of Feb 28, 2025 record date.","Class B directors (Heppner, Fletcher, Hicks, Schnitzer) elected with 2,392,570 votes each, no withhold.","Class A directors (Cangany, Donegan, Wendel) elected with over 4.2M votes for; broker non-votes 814,300.","Weaver and Tidwell, LLP ratified as auditor for FY ending Mar 31, 2025: 4,971,981 for, 223,639 against, 314,317 abstain.","Both proposals approved; no other matters voted on."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159348,"accession_number":"0001641172-25-006079","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-04-25T23:59:59+00:00","items":["3.02","5.03","3.03","7.01","9.01"],"status":"ready","headline":"Beneficient closes $233K GP primary capital deal for Cork & Vines Fund I, issues Series B-7 convertible preferred","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed GP primary capital transaction: acquired LP interest in Cork & Vines Fund I for $233,333 NAV, issued 23,333 Series B-7 Preferred shares.","Series B-7 Preferred convertible into Class A at $0.2979/share, subject to monthly reset (floor $0.2234) and 4.99% beneficial ownership limit.","Collateral backing ExAlt loan portfolio increased by ~$233,333; entered Preferred Liquidity Provider Program with the fund.","Expected to add ~$77,777 tangible book value (aggregate ~$10.54M) upon closing of previously announced Public Stockholder Enhancement Transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159347,"accession_number":"0001641172-25-002895","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-04-07T23:59:59+00:00","items":["3.02","5.03","3.03","7.01","9.01"],"status":"ready","headline":"Beneficient closes $9.6M GP primary capital transaction, issues Series B-6 convertible preferred","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed $9.6M primary capital transaction for Pulse Pioneer Fund; received LP interest in exchange for 965,576 Series B-6 preferred shares.","Series B-6 preferred convertible at $0.3151/share, monthly resets to VWAP with floor $0.2363; max 40,862,294 Class A shares issuable.","Transaction expected to add ~$1.28M (aggregate ~$10.46M) of tangible book value upon closing prior stockholder enhancement deals.","Collateral for ExAlt loan portfolio expected to increase by ~$9.6M from acquired alternative asset interests; first GP Primary of fiscal year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177753,"accession_number":"0001493152-25-009619","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-03-10T23:59:59+00:00","items":["1.01","7.01","8.01","9.01"],"status":"ready","headline":"Beneficient settles GWG litigation for insurance-funded cash; enters subscription agreement with Hatteras","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Binding settlement of all GWG Litigation claims against Beneficient and its directors/officers, including CEO; no admission of liability.","Settlement amount paid entirely from applicable insurance policy limits; subject to court approval and other conditions.","Executed subscription agreement with Hatteras Master Fund for issuance of FLP-4 Unit Accounts as part of Master Agreement recapitalization.","Stockholder approval required to increase authorized Class B common shares and Nasdaq clearance for related issuances.","Other GWG-related claims against non-company entities remain; Beneficient will support defense of CEO-related entities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177752,"accession_number":"0001493152-25-008726","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-02-28T23:59:59+00:00","items":["5.08","8.01"],"status":"ready","headline":"Beneficient schedules 2025 annual meeting for March 31; record date Feb 28","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board set annual meeting date as March 31, 2025.","Record date for voting eligibility is February 28, 2025.","Stockholder proposals for proxy inclusion due by March 10, 2025.","Director nominations under Rule 14a-19 also due by March 10, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177751,"accession_number":"0001493152-25-006210","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-02-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Beneficient Q3 revenues $4.4M; permanent equity positive $14.3M; proposes BCH restructuring and Mercantile Bank buy","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenues $4.4M, up from $(10.2)M prior year; operating expenses (ex-gw impairment) down 38% to $13.9M.","Permanent equity turned positive $14.3M from deficit $148.3M via redesignation of $160.5M temporary equity.","Proposed BCH restructuring adds $9.2M tangible book value to public stockholders; pro forma shares 8.4M.","Agreement to acquire Mercantile Bank for $1.5M to expand digital asset and custody services.","Closed first primary capital transaction of $1.4M on Dec 31, 2024."],"consensus_eps_estimate":-2.5296,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":23026000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177750,"accession_number":"0001493152-25-003146","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-01-22T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Beneficient furnishes investor presentation for Sequire summit; no material updates","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Presentation attached as Exhibit 99.1 for use at Sequire Investor Summit on January 22, 2025.","No new financial or operational results disclosed in the filing or exhibit.","Company notes presentation is summary information with no obligation to update.","Trading symbols BENF and BENFW listed on Nasdaq."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177749,"accession_number":"0001493152-25-002772","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-01-17T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Beneficient receives Nasdaq delisting notice for bid price below $1.00; 180 days to comply","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Beneficient on Jan 13, 2025 that its common stock bid price was below $1.00 for 30 consecutive business days.","Company has until July 14, 2025 to regain compliance; stock continues trading under symbol BENF.","Options include reverse stock split; no assurance of regaining compliance.","Potential delisting if unable to cure; company can appeal to Nasdaq Panel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177748,"accession_number":"0001493152-25-000368","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2025-01-06T23:59:59+00:00","items":["3.02","5.03","3.03","7.01","9.01"],"status":"ready","headline":"Beneficient closes $1.36M GP primary capital transaction; issues convertible preferred stock","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed $1.36M primary commitment for 8F Fund LP, an aquaculture fund managed by 8F Asset Management.","Issued 136,193 shares of Series B-5 Convertible Preferred Stock, convertible into common at $0.6940/share.","Up to 1,962,435 common shares may be issued upon conversion of Series B-5 Preferred Stock.","ExAlt loan portfolio collateral increases by ~$1.36M of alternative asset interests.","Expects ~$450K addition to tangible book value (aggregate ~$10.23M) from Public Stockholder Enhancement Transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194461,"accession_number":"0001493152-24-051222","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-12-23T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Beneficient restructuring grants public stockholders 33.3% of up to $5B in alternative asset value","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Public stockholders get 10% of first $100M and 33.3% of up to $5B of alternative assets in subsidiary liquidation.","Founders/CEO Brad Heppner entities to receive 42.67% voting power via Class B Common Stock, subject to shareholder approval.","Guaranteed payment to preferred A-0 unit accounts waived until Nov 15, 2025, contingent on audit committee going-concern review.","Subscription agreements with customers like Hatteras create new FLP-4 unit accounts that dilute existing preferred economic rights.","Closing conditions include stockholder vote on charter amendment to increase authorized Class B shares and Nasdaq approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194460,"accession_number":"0001493152-24-048880","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-12-05T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Beneficient agrees to acquire Mercantile Bank International for $1.5M in stock/cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price of $1.5M payable in up to 2.1M shares of Class A common stock and cash.","Mercantile Bank is a Puerto Rico IFE licensed to offer custody, clearing, and digital services.","Acquisition positions Ben to expand alternative asset custody services to large institutions, ATS, and foreign exchanges.","Companion custody/depositary receipt business expected to generate fee revenue and cash flow in 2025.","Closing subject to OCIF approval, anticipated in Q2 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194459,"accession_number":"0001493152-24-048583","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-12-04T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Beneficient furnishes investor presentation for Emerging Growth Conference on Dec 4","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filing discloses use of an investor presentation at the Emerging Growth Conference on December 4, 2024.","No specific financial figures, guidance, or material developments are provided in the text of the filing.","This is a routine Regulation FD disclosure; the presentation content is not summarized in the filing.","The presentation is furnished as Exhibit 99.1; no new material information is extracted from it."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194458,"accession_number":"0001493152-24-047711","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-11-26T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Beneficient regains Nasdaq compliance on stockholders' equity and audit committee requirements","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq confirmed compliance with minimum stockholders' equity (Rule 5550(b)(1)) and audit committee (Rule 5605(c)(2)).","Company's securities will continue to be listed on Nasdaq; delisting risk averted for now.","Compliance achieved via pro forma equity of $26.9M, including $5.1M Yorkville share sale and $35M account redesignation.","Board appointments of Patrick J. Donegan and Karen J. Wendel restored audit committee composition.","Warning that failure to maintain compliance upon next periodic report may lead to delisting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194457,"accession_number":"0001493152-24-047273","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-11-22T23:59:59+00:00","items":["3.01","5.02","7.01","9.01"],"status":"ready","headline":"Beneficient converts $35M preferred to permanent equity, believes it regains Nasdaq compliance","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Converted $35M of Preferred A-0 Redeemable Accounts to non-redeemable permanent equity.","Pro forma stockholders' equity $26.9M as of Sept 30, 2024, above Nasdaq's $2.5M minimum (subject to final determination).","Raised ~$5.1M via sale of 3.274M shares to Yorkville on Nov 15.","Appointed Karen Wendel (CEO of TrustChains) as independent director, with options for 100K shares and 207K RSUs.","Company believes it now meets Minimum Stockholders' Equity Requirement; final Nasdaq decision pending."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194456,"accession_number":"0001775734-24-000071","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Beneficient reports Q2 fiscal 2025 GAAP net income; revenue $8.6M vs $(42.8M) prior year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Second consecutive GAAP net income quarter; basic EPS $2.98, diluted EPS $0.03.","Revenues of $8.6M vs $(42.8M) in Q2 fiscal 2024; adjusted revenues $8.7M.","Operating expenses ex-goodwill declined 31.9% YoY to $22.0M from $32.3M.","Reclassified ~$125.5M of preferred equity to permanent equity; permanent equity deficit improved to -$13.2M from -$148.3M.","Patrick J. Donegan appointed independent director effective September 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":18607000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194455,"accession_number":"0001493152-24-042993","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Beneficient furnishes investor presentation for LD Micro Main Event conference","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Company provided a presentation for the LD Micro Main Event XVII conference on October 30, 2024.","Presentation attached as Exhibit 99.1; no specific financial data or material updates disclosed in the filing text.","No new material information beyond the presentation itself was included in the report."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194454,"accession_number":"0001493152-24-039514","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-10-04T23:59:59+00:00","items":["1.02","5.03","5.07","9.01"],"status":"ready","headline":"Beneficient terminates forward purchase deal, boosts authorized shares to 5B","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Terminated Forward Purchase Agreement with RiverNorth; ~23,651 unsold Class A shares returned to company.","Stockholders approved amendment increasing authorized Class A common stock from 18.75M to 5B.","Special Meeting on Oct 2, 2024 had 55.01% voting power represented; Proposal 1 passed with 3,603,437 for and 32,277 against.","Class B common stockholders also approved the amendment by written consent before the meeting.","No other matters were voted on at the special meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194453,"accession_number":"0001493152-24-039473","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-10-04T23:59:59+00:00","items":["1.01","5.02","7.01","9.01"],"status":"ready","headline":"Beneficient reclassifies $126M to permanent equity, appoints Patrick Donegan to board","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Appointed Patrick J. Donegan as independent director, effective Sept 30, 2024; serves on Audit, Credit, Risk, and Related Party committees.","Donegan granted 100,000 stock options at $1.23/share and 138,212 RSUs, vesting quarterly over two and one years respectively.","Subsidiary BCH redesignated 50% of preferred equity as non-redeemable, reclassifying ~$126M from temporary to permanent equity.","Redesignation approved by founders holding majority of preferred equity; effective Sept 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210798,"accession_number":"0001493152-24-036041","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-09-12T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"Beneficient sells 150,000 shares at $1.58 to director-affiliated entity in private placement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Entered subscription agreement with Cangany Capital Management (controlled by director Peter T. Cangany Jr.) to sell 150,000 shares of Class A common stock at $1.58 per share.","Total offering size approx $237,000; exempt under Section 4(a)(2) as sale to accredited investor.","Shares acquired for investment purposes; no underwriter or public offering."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210797,"accession_number":"0001493152-24-035181","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-09-05T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Beneficient submits Nasdaq compliance plan; expects $125.5M equity reclassification to address deficiency","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Filed plan with Nasdaq Staff on Aug 30 to regain compliance with minimum stockholders' equity requirement of $2.5M.","Entered letter agreement with affiliates to redesignate 50% of Preferred A-0 Accounts as non-redeemable, reclassifying ~$125.5M to permanent equity.","Redesignation and compliance plan must be completed by Sept 30, 2024.","No assurance Staff will accept the plan or that compliance will be regained.","Company remains at risk of delisting if it fails to satisfy Nasdaq rules."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210796,"accession_number":"0001493152-24-034478","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-08-30T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"Beneficient raises $325k via private placement of 165k shares to board members at $1.97/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board members and affiliates purchased 165k shares of Class A common stock at $1.97 per share, raising ~$325k.","Cangany Capital Management (controlled by director Peter T. Cangany, Jr.) bought 65,000 shares.","Thomas O. Hicks and CFH Ventures (his entity) each purchased 50,000 shares.","Proceeds to be used for general corporate purposes; shares exempt under Section 4(a)(2)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210795,"accession_number":"0001493152-24-033447","cik":1775734,"company_name":"Beneficient","ticker":"BENF","form_type":"8-K","filed_at":"2024-08-21T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Beneficient amends credit agreement, adds $1.68M loan, waives defaults; director buys shares","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amendment adds $1,675,000 fully drawn term loan from HH-BDH LLC (affiliate of director Thomas O. Hicks); waives payment, naming, and reporting defaults.","Borrower must cure payment defaults by Nov 1, 2024 or two business days after resale registration effective; failure triggers automatic event of default.","Mandatory prepayments: $200k on each of Sep 7, Oct 7, Nov 7, Dec 7, 2024 and $875k on Dec 31, 2024; plus minimum monthly payments and $4M liquidity covenant.","Director Peter Cangany's affiliate purchased 47,500 Class A shares at $2.33/share in unregistered offering exempt under Section 4(a)(2)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":51880117.227011494,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2024-08-21T23:59:59+00:00|210795"}