other material
confidence high
sentiment neutral
materiality 0.70
Franklin BSP Capital raises $50M via private placement of common and preferred stock
Franklin BSP Capital Corp
- Issued 2.6M common shares for $40M aggregate price on July 15, 2022.
- Issued 10,000 Series A Convertible Preferred shares for $10M aggregate price.
- Preferred shares convertible into common at conversion rate of 65.53 common per preferred after a Liquidity Event.
- Sales exempt from registration under Section 4(a)(2) and Regulation D; investors represented as accredited.