---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-034478"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:49:44.709592+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Beneficient raises $325k via private placement of 165k shares to board members at $1.97/share

## Summary
- Board members and affiliates purchased 165k shares of Class A common stock at $1.97 per share, raising ~$325k.
- Cangany Capital Management (controlled by director Peter T. Cangany, Jr.) bought 65,000 shares.
- Thomas O. Hicks and CFH Ventures (his entity) each purchased 50,000 shares.
- Proceeds to be used for general corporate purposes; shares exempt under Section 4(a)(2).

## SEC filing metadata
- accession: 0001493152-24-034478
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000149315224034478/0001493152-24-034478-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000149315224034478/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-034478
- JSON: https://secwatch.observer/filing/0001493152-24-034478.json
- Plain text: https://secwatch.observer/filing/0001493152-24-034478.txt

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