debt
confidence high
sentiment neutral
materiality 0.50
Beneficient draws $1.8M from Yorkville via second convertible promissory note
Beneficient
- Second $2.0M promissory note issued to Yorkville; gross proceeds ~$1.8M after 5% OID, received Aug 5, 2026.
- Note matures June 30, 2027, bears 5% interest (18% on default), convertible at lower of $5.6064 or 92% of 5-day VWAP.
- Conversion floor price $0.89; max shares issuable 4,719,101 assuming 5% interest through maturity.
- Follows first $2.0M note issued June 30, 2026; total $4.0M principal under A&R SEPA.