---
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"
generated_at: "2026-08-11T20:17:18.492437+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Beneficient draws $1.8M from Yorkville via second convertible promissory note

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-037138
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2026-08-11T20:15:40+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-037138
- JSON: https://secwatch.observer/filing/0001493152-26-037138.json
- Plain text: https://secwatch.observer/filing/0001493152-26-037138.txt

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