{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-051222","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.567583+00:00","generated_at":"2026-05-28T23:43:49.442545+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Beneficient restructuring grants public stockholders 33.3% of up to $5B in alternative asset value","bullets":["Public stockholders get 10% of first $100M and 33.3% of up to $5B of alternative assets in subsidiary liquidation.","Founders/CEO Brad Heppner entities to receive 42.67% voting power via Class B Common Stock, subject to shareholder approval.","Guaranteed payment to preferred A-0 unit accounts waived until Nov 15, 2025, contingent on audit committee going-concern review.","Subscription agreements with customers like Hatteras create new FLP-4 unit accounts that dilute existing preferred economic rights.","Closing conditions include stockholder vote on charter amendment to increase authorized Class B shares and Nasdaq approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-051222","json":"https://secwatch.observer/filing/0001493152-24-051222.json","markdown":"https://secwatch.observer/filing/0001493152-24-051222.md","text":"https://secwatch.observer/filing/0001493152-24-051222.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224051222/0001493152-24-051222-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224051222/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:43:49.442545+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"}