{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-109383","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2021-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:04:19.908658+00:00","generated_at":"2026-06-29T07:57:33.256233+00:00","sec_items":["1.01","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Franklin BSP Capital raises $27.5M via Series A Convertible Preferred Stock","bullets":["Raised ~$27.5M in new capital commitments via private placement of Series A Convertible Preferred Stock.","Liquidation preference of $1,000 per share; dividends payable quarterly, initially linked to common dividends.","Conversion: Company can convert all or portion upon Liquidity Event (IPO, merger, asset sale); holders can convert six months post-event.","Redemption: Company or holders may redeem after August 23, 2029 at $1,000 per share on 90 days' notice.","Preferred stock ranks senior to common on liquidation and dividends; holders vote with common on as-converted basis."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-109383","json":"https://secwatch.observer/filing/0001104659-21-109383.json","markdown":"https://secwatch.observer/filing/0001104659-21-109383.md","text":"https://secwatch.observer/filing/0001104659-21-109383.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000110465921109383/0001104659-21-109383-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000110465921109383/tm2125906d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T07:57:33.256233+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}