secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2026-07-13T21:05:29+00:00
Accession:  0001493152-26-033069
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 3.02, 5.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beneficient closes $7.44M primary capital transaction in Quartus AI Fund II; adds tangible book value
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- Closed $7.44M primary capital commitment in Quartus AI Fund II LP, managed by Quartus Capital Partners.
- Issued Series B-11 Resettable Convertible Preferred Stock convertible into Class A common at initial price of $3.6514 per share.
- Commitment can scale up to $26.25M if Fund reaches $150M target capital commitments.
- Transaction adds ~$7.44M to tangible book value; FYTD GP primary capital transactions total $17.2M.
- Second GP primary capital transaction this year with an AI-focused fund managed by Quartus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226033069/0001493152-26-033069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000149315226033069/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-033069

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