---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-025322"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:22:43.078392+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Beneficient issues convertible preferred stock in two private placements

## Summary
- Issued 200,000 shares of Series B-2 Preferred (convertible at $0.40, floor $0.20) in exchange for a $2M NAV limited partner interest.
- Issued 20,000 shares of Series B-3 Preferred (convertible at $0.35, floor $0.175) to a consultant for investor relations services.
- Both issuances unregistered under Section 4(a)(2) and Regulation D; each has a 4.99% beneficial ownership limitation.
- Series B-2 convertible into up to 10M shares of Class A common; Series B-3 into up to 1.14M shares.

## SEC filing metadata
- accession: 0001193125-24-025322
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 5.03, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000119312524025322/0001193125-24-025322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000119312524025322/d72720d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-025322
- JSON: https://secwatch.observer/filing/0001193125-24-025322.json
- Plain text: https://secwatch.observer/filing/0001193125-24-025322.txt

## Key facts
- Governance Changes
  Beneficient: Filed certificate of designation for Series B-3 Preferred Stock, designating rights, preferences, privileges, and restrictions (effective 2024-01-31).
  - Change: charter amendment
  - Effective: 2024-01-31
  source text: On January 31, 2024, the Company filed a certificate of designation (the “B-3 Certificate of Designation”) with the Secretary of State of Nevada, effective as of the time of filing, designating the rights, preferences, privileges and restrictions of the shares of the Series B-3 Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312524025322/0001193125-24-025322-index.htm
- Governance Changes
  Beneficient: Filed certificate of designation for Series B-2 Preferred Stock, designating rights, preferences, privileges, and restrictions (effective 2024-01-31).
  - Change: charter amendment
  - Effective: 2024-01-31
  source text: On January 31, 2024, the Company filed a certificate of designation (the “B-2 Certificate of Designation”) with the Secretary of State of Nevada, effective as of the time of filing, designating the rights, preferences, privileges and restrictions of the shares of the Series B-2 Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312524025322/0001193125-24-025322-index.htm

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