{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-176862","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2023-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.505994+00:00","generated_at":"2026-06-13T15:38:36.662369+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Beneficient signs $250M equity purchase agreement with YA II PN (Yorkville)","bullets":["Company can sell up to $250M of Class A common stock to Yorkville over 36 months.","Pricing at 95% (Option 1) or 97% (Option 2) of VWAP during specified pricing periods.","Commitment fee of $1.25M payable in shares; structuring fee of $25,000 paid.","Yorkville cannot purchase shares exceeding 9.99% beneficial ownership or 19.99% of outstanding.","Yorkville agrees not to engage in short-selling or hedging during the term."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-176862","json":"https://secwatch.observer/filing/0001193125-23-176862.json","markdown":"https://secwatch.observer/filing/0001193125-23-176862.md","text":"https://secwatch.observer/filing/0001193125-23-176862.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000119312523176862/0001193125-23-176862-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000119312523176862/d256904d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:38:36.662369+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":[{"claim_id":"fb057b6d7334e827537c5ac6c94faa1449488446","claim":"Beneficient entered into Standby Equity Purchase Agreement with YA II PN, Ltd. (\"Yorkville\") valued at $250,000,000 (effective 2023-06-27).","evidence_excerpt":"On June 27, 2023, Beneficient, a Nevada corporation (“ Beneficient ”), entered into a Standby Equity Purchase Agreement (the “ SEPA ”) with YA II PN, Ltd. (“ Yorkville ”). Pursuant to the SEPA, the Company shall have the right, but not the obligation, to sell to Yorkville up to $250,000,000 of Class A common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000119312523176862/0001193125-23-176862-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"YA II PN, Ltd. (\"Yorkville\")"},{"label":"Value","value":"$250,000,000"},{"label":"Effective","value":"2023-06-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}