secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0001493152-24-034478
Event type: other_material
Sentiment:  positive
Materiality: 0.35
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315224034478/0001493152-24-034478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315224034478/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-034478

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