{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-097050","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.042452+00:00","generated_at":"2026-06-03T22:20:39.894197+00:00","sec_items":["1.01","3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Beneficient to effect 1-for-80 reverse stock split on April 18 to regain Nasdaq compliance","bullets":["Reverse stock split at ratio 1-for-80 effective April 18, 2024; Nasdaq minimum bid price compliance goal.","Authorized shares reduced: Class A from 1.5B to 18.75M, Class B from 20M to 250K.","Outstanding shares expected to decrease from ~287.9M to ~3.6M post-split.","Trading symbol BENF unchanged; new CUSIP 08178Q309; fractional shares rounded up to full share."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-097050","json":"https://secwatch.observer/filing/0001193125-24-097050.json","markdown":"https://secwatch.observer/filing/0001193125-24-097050.md","text":"https://secwatch.observer/filing/0001193125-24-097050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/0001193125-24-097050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/d774956d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:20:39.894197+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":"cac42b6c41994b097bf00f9b3a5e98517141b28a","claim":"Beneficient: Reverse stock split at ratio of 1-for-80 and proportionate reduction in authorized shares via Certificate of Change (effective 2024-04-18).","evidence_excerpt":"On April 15, 2024, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect the Reverse Stock Split at a ratio of 1-for-80 and a simultaneous proportionate reduction in the authorized shares of each class of Common Stock. The Reverse Stock Split is expected to become effective at 12:01 a.m. Eastern Time on April 18, 2024 (the “Effective Time”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/0001193125-24-097050-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-04-18"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}