{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-044901","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2022-04-12T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.613749+00:00","generated_at":"2026-06-26T08:02:06.168344+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Franklin BSP Capital issues $5M of Series A Convertible Preferred Stock in private placement","bullets":["Issued 5,000 shares of Series A Convertible Preferred Stock at $1,000 liquidation preference per share, aggregating $5.0M.","Preferred converts into common at Company's option after a Liquidity Event (IPO, merger, asset sale) at 64.68 common shares per preferred.","Conversion rate based on $15.46 per common share, the price paid by investors at time of preferred purchase.","Holders may voluntarily convert Preferred starting six months after a Liquidity Event at the same conversion rate.","Issuance exempt from registration under Section 4(a)(2) and Regulation D; investors represented as accredited."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-044901","json":"https://secwatch.observer/filing/0001104659-22-044901.json","markdown":"https://secwatch.observer/filing/0001104659-22-044901.md","text":"https://secwatch.observer/filing/0001104659-22-044901.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000110465922044901/0001104659-22-044901-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000110465922044901/tm2212446d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T08:02:06.168344+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"}