{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-037138","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2026-08-11T20:15:40+00:00","discovered_at":"2026-08-11T20:17:02.564919+00:00","generated_at":"2026-08-11T20:17:18.492437+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Beneficient draws $1.8M from Yorkville via second convertible promissory note","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-037138","json":"https://secwatch.observer/filing/0001493152-26-037138.json","markdown":"https://secwatch.observer/filing/0001493152-26-037138.md","text":"https://secwatch.observer/filing/0001493152-26-037138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315226037138/0001493152-26-037138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315226037138/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T20:17:18.492437+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}