{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-048880","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.567316+00:00","generated_at":"2026-05-29T07:21:00.946072+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Beneficient agrees to acquire Mercantile Bank International for $1.5M in stock/cash","bullets":["Purchase price of $1.5M payable in up to 2.1M shares of Class A common stock and cash.","Mercantile Bank is a Puerto Rico IFE licensed to offer custody, clearing, and digital services.","Acquisition positions Ben to expand alternative asset custody services to large institutions, ATS, and foreign exchanges.","Companion custody/depositary receipt business expected to generate fee revenue and cash flow in 2025.","Closing subject to OCIF approval, anticipated in Q2 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-048880","json":"https://secwatch.observer/filing/0001493152-24-048880.json","markdown":"https://secwatch.observer/filing/0001493152-24-048880.md","text":"https://secwatch.observer/filing/0001493152-24-048880.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224048880/0001493152-24-048880-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224048880/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T07:21:00.946072+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}