---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-000893"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2026-01-08T23:59:59+00:00"
generated_at: "2026-05-16T11:14:16.711869+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Beneficient closes $3M GP primary capital transaction, issues Series B-9 convertible preferred stock

## Summary
- Transaction funded Jan 5, 2026; customer received 302,273 Series B-9 Preferred Stock for NAV of $3,022,728.
- Series B-9 conversion price initially $7.1332, floor $5.3499; max 565,007 common shares issuable upon conversion.
- Preferred stock ranks pari passu with common, junior to Series A through B-8 preferred shares.
- Press release identifies fund as Cork & Vines Fund I LP; collateral for ExAlt loan portfolio increases by ~$3M.
- Second closing with same GP; program targets up to $330B potential demand for GP primary commitments.

## SEC filing metadata
- accession: 0001493152-26-000893
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2026-01-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 5.03, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000149315226000893/0001493152-26-000893-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000149315226000893/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-000893
- JSON: https://secwatch.observer/filing/0001493152-26-000893.json
- Plain text: https://secwatch.observer/filing/0001493152-26-000893.txt

## Source-grounded claims
- claim_id: c0d02eee789d793f2ddb2ad378b0d3d2b4d8e6ec
  claim: Beneficient: Filed a certificate of designation for Series B-9 Preferred Stock, setting terms including conversion rights, price reset, and ranking (effective 2026-01-05).
  evidence_excerpt: On January 5, 2026, the Company filed a certificate of designation (the “B-9 Certificate of Designation”) with the Secretary of State of Nevada, effective as of the time of filing, designating the rights, preferences, privileges and restrictions of the shares of the Series B-9 Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000149315226000893/0001493152-26-000893-index.htm

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