secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001104659-21-088471
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Capital issues 1.67M shares for $25M in unregistered sale; annual meeting elects directors
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- On June 29, 2021, issued 1,666,667 shares of common stock at approx. $15/share for $25M aggregate.
- Shares sold through drawdown under subscription agreements to existing accredited investors, exempt from registration.
- Annual meeting held June 30, 2021; directors Richard J. Byrne and Lee S. Hillman elected with over 1.2M votes for each.
- Ratified Ernst & Young as independent auditor for FY2021 with 1,289,641 votes for, 8,794 against.
- No guidance or financial results reported; capital raise typical for BDC structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000110465921088471/0001104659-21-088471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000110465921088471/tm2121242d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-088471

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer