secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2026-01-08T23:59:59+00:00
Accession:  0001493152-26-000893
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 5.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226000893/0001493152-26-000893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226000893/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-000893

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