---
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"
generated_at: "2026-06-29T07:57:33.256233+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Capital raises $27.5M via Series A Convertible Preferred Stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-109383
- JSON: https://secwatch.observer/filing/0001104659-21-109383.json
- Plain text: https://secwatch.observer/filing/0001104659-21-109383.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.