{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-006210","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.814438+00:00","generated_at":"2026-05-26T22:22:43.238934+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Beneficient Q3 revenues $4.4M; permanent equity positive $14.3M; proposes BCH restructuring and Mercantile Bank buy","bullets":["Q3 revenues $4.4M, up from $(10.2)M prior year; operating expenses (ex-gw impairment) down 38% to $13.9M.","Permanent equity turned positive $14.3M from deficit $148.3M via redesignation of $160.5M temporary equity.","Proposed BCH restructuring adds $9.2M tangible book value to public stockholders; pro forma shares 8.4M.","Agreement to acquire Mercantile Bank for $1.5M to expand digital asset and custody services.","Closed first primary capital transaction of $1.4M on Dec 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-006210","json":"https://secwatch.observer/filing/0001493152-25-006210.json","markdown":"https://secwatch.observer/filing/0001493152-25-006210.md","text":"https://secwatch.observer/filing/0001493152-25-006210.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315225006210/0001493152-25-006210-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315225006210/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T22:22:43.238934+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"}