secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001104659-22-032001
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Capital secures $50M in Series A Convertible Preferred commitments
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- Total commitments of approx. $50M from accredited investors for Series A Convertible Preferred Stock.
- Shares priced at $1,000 liquidation preference; drawdowns require 10 business days' notice.
- Issuance exempt from SEC registration under Section 4(a)(2) and Regulation D.
- Company relies on investor representations of accredited investor status.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000110465922032001/0001104659-22-032001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000110465922032001/tm228490d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-032001

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