---
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"
generated_at: "2026-06-13T15:38:36.662369+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beneficient signs $250M equity purchase agreement with YA II PN (Yorkville)

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-176862
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-176862
- JSON: https://secwatch.observer/filing/0001193125-23-176862.json
- Plain text: https://secwatch.observer/filing/0001193125-23-176862.txt

## Key facts
- Material Agreements
  Beneficient entered into Standby Equity Purchase Agreement with YA II PN, Ltd. ("Yorkville") valued at $250,000,000 (effective 2023-06-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: YA II PN, Ltd. ("Yorkville")
  - Value: $250,000,000
  - Effective: 2023-06-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312523176862/0001193125-23-176862-index.htm

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