secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001104659-22-081573
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Capital raises $50M via private placement of common and preferred stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000110465922081573/0001104659-22-081573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000110465922081573/tm2221419d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-081573

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