---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-016035"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2026-04-10T23:59:59+00:00"
generated_at: "2026-05-15T06:41:43.995322+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Beneficient closes $8.75M primary capital commitment in Quartus AI Fund LP

## Summary
- Issued 875,214 shares of Series B-10 Preferred Stock, convertible at $3.5479/share with a floor of $1.2418.
- Company records $1.2M unrealized gain from pro rata interest in existing portfolio appreciation.
- Collateral for ExAlt loan portfolio and tangible book value each expected to increase ~$9.77M.
- Conversion of preferred stock capped at 7,047,947 shares; stockholder approval needed to exceed exchange cap.
- Quartus Capital Partners, investing in growth-stage vertical AI, has top-quartile performance and was Best Emerging Manager 2024.

## SEC filing metadata
- accession: 0001493152-26-016035
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2026-04-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 5.03, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000149315226016035/0001493152-26-016035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000149315226016035/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-016035
- JSON: https://secwatch.observer/filing/0001493152-26-016035.json
- Plain text: https://secwatch.observer/filing/0001493152-26-016035.txt

## Source-grounded claims
- claim_id: ccf611f822a13a037a0388b00e57da0ac741f3a6
  claim: Beneficient: Filed a certificate of designation for Series B-10 Preferred Stock, designating rights, preferences, privileges, and restrictions (effective 2026-04-08).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000149315226016035/0001493152-26-016035-index.htm

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