Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Beneficient issued 875,214 shares of the Company's Series B-10 Resettable Convertible Preferred Stock of preferred stock to a customer for limited partner interest in an investment fund with a net asset value of $8.75 million.
- Security
- preferred stock
- Shares
- 875,214 shares of the Company's Series B-10 Resettable Convertible Preferred Stock
- Purchaser
- a customer
- Consideration
- limited partner interest in an investment fund with a net asset value of $8.75 million
Exact text from the filing
On April 8, 2026, Beneficient, a Nevada corporation (the “Company”), through one of its subsidiaries, funded the closing of a primary capital transaction pursuant to definitive agreements entered into on April 7, 2026 with a customer with respect to a limited partner interest in an investment fund with a net asset value of $8.75 million (the “Transaction”). Pursuant to the Transaction, the Company’s customized trust vehicles acquired a limited partner interest, and in exchange for such, the customer received 875,214 shares of the Company’s Series B-10 Resettable Convertible Preferred Stock
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Beneficient: Filed a certificate of designation for Series B-10 Preferred Stock, designating rights, preferences, privileges, and restrictions (effective 2026-04-08).
- Change
- charter amendment
- Effective
- 2026-04-08
Exact text from the filing
On April 8, 2026, the Company filed a certificate of designation (the “B-10 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-10 Preferred Stock.
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