secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001493152-24-036041
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Beneficient sells 150,000 shares at $1.58 to director-affiliated entity in private placement
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- Entered subscription agreement with Cangany Capital Management (controlled by director Peter T. Cangany Jr.) to sell 150,000 shares of Class A common stock at $1.58 per share.
- Total offering size approx $237,000; exempt under Section 4(a)(2) as sale to accredited investor.
- Shares acquired for investment purposes; no underwriter or public offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315224036041/0001493152-24-036041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315224036041/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036041

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