secwatch.observer — SEC 8-K summary
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Issuer:     Benson Hill, Inc. (—)
CIK:        0001830210
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001104659-25-052703
Event type: m_and_a
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.01, 1.03, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Benson Hill sells substantially all assets in Chapter 11; no proceeds for stockholders
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- Sale closed May 23, 2025; total consideration includes $1M wind-down cash and $11M DIP credit facility credit bid.
- No proceeds expected to be available for distribution to common stockholders.
- Board of directors resigned effective May 22, 2025; Daniel Cosgrove named sole director and interim CEO as independent contractor.
- Cosgrove to be paid $278/hour for wind-down services, not expected to exceed 40 hours/month.
- Nasdaq suspended trading on March 27, 2025, and delisting proceeding underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830210/000110465925052703/0001104659-25-052703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830210/000110465925052703/tm2515920d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-052703

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer