---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-000368"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T11:13:58.280744+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Beneficient closes $1.36M GP primary capital transaction; issues convertible preferred stock

## Summary
- Closed $1.36M primary commitment for 8F Fund LP, an aquaculture fund managed by 8F Asset Management.
- Issued 136,193 shares of Series B-5 Convertible Preferred Stock, convertible into common at $0.6940/share.
- Up to 1,962,435 common shares may be issued upon conversion of Series B-5 Preferred Stock.
- ExAlt loan portfolio collateral increases by ~$1.36M of alternative asset interests.
- Expects ~$450K addition to tangible book value (aggregate ~$10.23M) from Public Stockholder Enhancement Transactions.

## SEC filing metadata
- accession: 0001493152-25-000368
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02, 5.03, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000149315225000368/0001493152-25-000368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000149315225000368/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-000368
- JSON: https://secwatch.observer/filing/0001493152-25-000368.json
- Plain text: https://secwatch.observer/filing/0001493152-25-000368.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.