{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-154764","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2021-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:14.452516+00:00","generated_at":"2026-06-27T21:44:17.713095+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Franklin BSP Capital raises $80M through unregistered sale of common and preferred stock","bullets":["Issued ~4.9M shares of common stock at ~$15.39/share for aggregate $75M (Dec 27, 2021).","Issued 5,000 shares of Series A Convertible Preferred Stock (liquidation preference $1,000/share) for $5M, convertible to common at 64.98 shares per preferred share.","Preferred stock convertible at company's option after a Liquidity Event (IPO, merger, asset sale); holders have option 6 months post-closing.","Sales exempt from SEC registration under Section 4(a)(2) and Regulation D; purchasers were accredited investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-154764","json":"https://secwatch.observer/filing/0001104659-21-154764.json","markdown":"https://secwatch.observer/filing/0001104659-21-154764.md","text":"https://secwatch.observer/filing/0001104659-21-154764.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000110465921154764/0001104659-21-154764-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000110465921154764/tm2136600d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T21:44:17.713095+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"}