{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-027152","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.401597+00:00","generated_at":"2026-05-16T13:31:54.205856+00:00","sec_items":["3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Beneficient announces 1-for-8 reverse stock split effective Dec 15 to regain Nasdaq compliance","bullets":["1-for-8 reverse stock split of Class A and Class B common stock effective December 15, 2025.","Authorized shares reduced: Class A from 5B to 625M, Class B from 250K to 31,250.","Outstanding shares expected to decrease from ~111M to ~13.8M (Class A) and ~239K to ~29.9K (Class B).","No fractional shares; stockholders receive an additional share instead of a fractional share.","Split intended to regain compliance with Nasdaq minimum bid price requirement."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-027152","json":"https://secwatch.observer/filing/0001493152-25-027152.json","markdown":"https://secwatch.observer/filing/0001493152-25-027152.md","text":"https://secwatch.observer/filing/0001493152-25-027152.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315225027152/0001493152-25-027152-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315225027152/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:31:54.205856+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":[{"claim_id":"9e2d5b8e5196f86153987118805d904a7d85df0b","claim":"Beneficient: Approved a 1-for-8 reverse stock split and proportionate reduction in authorized shares of Class A and Class B common stock, effective December 15, 2025 (effective 2025-12-15).","evidence_excerpt":"On December 10, 2025, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect the Reverse Stock Split at a ratio of 1-for-8 and a simultaneous proportionate reduction in the authorized shares of each class of Common Stock. The Reverse Stock Split is expected to become effective at 12:01 a.m. Eastern Time on December 15, 2025 (the “Effective Time”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000149315225027152/0001493152-25-027152-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-12-15"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}