secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001493152-25-000368
Event type: other_material
Sentiment:  positive
Materiality: 0.40
Item codes: 3.02, 5.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315225000368/0001493152-25-000368-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315225000368/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-000368

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer