{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-033447","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.486931+00:00","generated_at":"2026-05-31T08:17:21.935672+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Beneficient amends credit agreement, adds $1.68M loan, waives defaults; director buys shares","bullets":["Amendment adds $1,675,000 fully drawn term loan from HH-BDH LLC (affiliate of director Thomas O. Hicks); waives payment, naming, and reporting defaults.","Borrower must cure payment defaults by Nov 1, 2024 or two business days after resale registration effective; failure triggers automatic event of default.","Mandatory prepayments: $200k on each of Sep 7, Oct 7, Nov 7, Dec 7, 2024 and $875k on Dec 31, 2024; plus minimum monthly payments and $4M liquidity covenant.","Director Peter Cangany's affiliate purchased 47,500 Class A shares at $2.33/share in unregistered offering exempt under Section 4(a)(2)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-033447","json":"https://secwatch.observer/filing/0001493152-24-033447.json","markdown":"https://secwatch.observer/filing/0001493152-24-033447.md","text":"https://secwatch.observer/filing/0001493152-24-033447.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224033447/0001493152-24-033447-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224033447/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:17:21.935672+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}