{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-037793","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.840663+00:00","generated_at":"2026-06-17T13:20:53.009759+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 $49.4M in common and preferred stock via drawdowns","bullets":["Issued 532,871 shares of common stock and 41,353 shares of Series A convertible preferred stock on March 27, 2023.","Aggregate offering price of approximately $49.4 million from drawdowns under existing subscription agreements.","Preferred stock liquidation preference is $1,000 per share; convertible at company's option into 66.01 common shares per preferred share.","Conversion rate based on common price of $15.15; investor optional conversion begins six months after a liquidity event.","Sales exempt under Section 4(a)(2) and Regulation D; all investors represented as accredited."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-037793","json":"https://secwatch.observer/filing/0001104659-23-037793.json","markdown":"https://secwatch.observer/filing/0001104659-23-037793.md","text":"https://secwatch.observer/filing/0001104659-23-037793.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000110465923037793/0001104659-23-037793-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000110465923037793/tm2310802d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T13:20:53.009759+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"}