---
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"
generated_at: "2026-06-27T21:44:17.713095+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Capital raises $80M through unregistered sale of common and preferred stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-154764
- JSON: https://secwatch.observer/filing/0001104659-21-154764.json
- Plain text: https://secwatch.observer/filing/0001104659-21-154764.txt

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