secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bloom Energy Corp (BE)
CIK:        0001664703
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001193125-23-077383
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bloom Energy secures ~$311M from SK ecoplant via preferred stock and loan agreement
--------------------------------------------------------------------------------

- Issued 13,491,701 Series B preferred shares at $23.05 each to SK ecoplant for ~$311M; closing by March 24, 2023.
- Preferred stock automatically converts to Class A common six months after closing, has liquidation preference, no voting rights.
- Entered $310.96M loan agreement with SK ecoplant at 4.6% interest, 5-year maturity, for working capital and general corporate needs.
- SK ecoplant's board designation right deferred until conversion of preferred shares, assigned to Econovation LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1664703/000119312523077383/0001193125-23-077383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1664703/000119312523077383/d464373d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-077383

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