secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001193125-23-176862
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000119312523176862/0001193125-23-176862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000119312523176862/d256904d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-176862

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