secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001493152-26-016035
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 5.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226016035/0001493152-26-016035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226016035/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-016035

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