{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-047273","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.566473+00:00","generated_at":"2026-05-29T19:51:56.607077+00:00","sec_items":["3.01","5.02","7.01","9.01"],"event_type":"regulatory","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Beneficient converts $35M preferred to permanent equity, believes it regains Nasdaq compliance","bullets":["Converted $35M of Preferred A-0 Redeemable Accounts to non-redeemable permanent equity.","Pro forma stockholders' equity $26.9M as of Sept 30, 2024, above Nasdaq's $2.5M minimum (subject to final determination).","Raised ~$5.1M via sale of 3.274M shares to Yorkville on Nov 15.","Appointed Karen Wendel (CEO of TrustChains) as independent director, with options for 100K shares and 207K RSUs.","Company believes it now meets Minimum Stockholders' Equity Requirement; final Nasdaq decision pending."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-047273","json":"https://secwatch.observer/filing/0001493152-24-047273.json","markdown":"https://secwatch.observer/filing/0001493152-24-047273.md","text":"https://secwatch.observer/filing/0001493152-24-047273.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224047273/0001493152-24-047273-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224047273/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T19:51:56.607077+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":[{"claim_id":"88183c487e","claim":"Karen Wendel was appointed as Director at Beneficient.","evidence_excerpt":"On November 21, 2024, the board of directors (the “Board”) of the Company appointed Karen Wendel to serve as a director of the Company, effective November 21, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224047273/0001493152-24-047273-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}