other material
confidence high
sentiment neutral
materiality 0.50
Franklin BSP Capital raises $50M via unregistered sale of 3.3M shares
Franklin BSP Capital Corp
- Issued approximately 3.3 million shares of common stock at aggregate price of $50 million on September 28, 2022.
- Shares sold under subscription agreements using exemption under Section 4(a)(2) and Regulation D to accredited investors.
- Each investor is required to fund future drawdowns up to their capital commitments upon 10 business days' notice.