{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-122340","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2022-11-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.408519+00:00","generated_at":"2026-06-21T12:49:33.495679+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 $35M in common and convertible preferred stock","bullets":["Issued ~1.3M common shares and ~16K Series A convertible preferred shares for ~$35.0M aggregate price.","Preferred shares convertible into common at 66.67-to-1 based on $15.00 common price; conversion at Company's option after a Liquidity Event.","Sales to accredited investors under subscription agreements, exempt from registration under Section 4(a)(2) and Regulation D.","Liquidity Event defined as merger, IPO, or asset sale; investor conversion option starts six months after such event."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-122340","json":"https://secwatch.observer/filing/0001104659-22-122340.json","markdown":"https://secwatch.observer/filing/0001104659-22-122340.md","text":"https://secwatch.observer/filing/0001104659-22-122340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000110465922122340/0001104659-22-122340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000110465922122340/tm2231287d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:49:33.495679+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"}