secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001493152-24-039514
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beneficient terminates forward purchase deal, boosts authorized shares to 5B
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- Terminated Forward Purchase Agreement with RiverNorth; ~23,651 unsold Class A shares returned to company.
- Stockholders approved amendment increasing authorized Class A common stock from 18.75M to 5B.
- Special Meeting on Oct 2, 2024 had 55.01% voting power represented; Proposal 1 passed with 3,603,437 for and 32,277 against.
- Class B common stockholders also approved the amendment by written consent before the meeting.
- No other matters were voted on at the special meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315224039514/0001493152-24-039514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315224039514/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-039514

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