---
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"
generated_at: "2026-06-21T12:49:33.495679+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Capital issues $35M in common and convertible preferred stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-122340
- JSON: https://secwatch.observer/filing/0001104659-22-122340.json
- Plain text: https://secwatch.observer/filing/0001104659-22-122340.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.