{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021949","form_type":"8-K","ticker":null,"cik":"0001830210","company_name":"Benson Hill, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.503976+00:00","generated_at":"2026-06-02T06:56:36.151876+00:00","sec_items":["1.01","2.03","2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Transition to licensing model improves Q1 gross profit; revamps debt with new credit facility","bullets":["Q1 2024 revenue $21.1M (excl. discontinued ops), gross profit $5.2M, net loss $26.3M from continuing ops.","Amended credit facility: $6M revolver (prime+0.25%, due Dec 2024) and $15.8M term loan (prime+1%, due Apr 2029) from First National Bank of Omaha.","Free cash flow loss improved to $10.7M from $36.9M in Q1 2023; cash and marketable securities $30.5M.","Operating expenses reduced 16% to $21.8M; gross profit margins expanding as 73% of 2023 processing revenues are exited.","Perdue feeding trial validates UHP-LO soybean meal: 16% more protein, 92% less oligosaccharides; targeting 6M acres by 2030."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021949","json":"https://secwatch.observer/filing/0001628280-24-021949.json","markdown":"https://secwatch.observer/filing/0001628280-24-021949.md","text":"https://secwatch.observer/filing/0001628280-24-021949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830210/000162828024021949/0001628280-24-021949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830210/000162828024021949/bhil-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T06:56:36.151876+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":[{"claim_id":"6c2152b5a4d4269cfce497b50e16dea1544a82dc","claim":"Benson Hill, Inc. incurred credit facility of $6 million with First National Bank of Omaha at prime rate plus 1/4% maturing December 1, 2024.","evidence_excerpt":"a revolving credit facility from FNBO to DDB in the maximum aggregate amount of $6 million, bearing interest at a floating rate equal to the prime rate plus 1/4%, with accrued interest payable monthly, and with a maturity date of December 1, 2024","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830210/000162828024021949/0001628280-24-021949-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$6 million"},{"label":"Counterparty","value":"First National Bank of Omaha"},{"label":"Rate","value":"prime rate plus 1/4%"},{"label":"Maturity","value":"December 1, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"76da910a6fbc1f21f7257a32fc454496daf4899d","claim":"Benson Hill, Inc. incurred term loan of $15.8 million with First National Bank of Omaha at prime rate plus 1% maturing April 1, 2029.","evidence_excerpt":"a term loan facility from FNBO to DDB in the amount of $15.8 million, bearing interest at a floating rate equal to the prime rate plus 1%, with quarterly principal payments in the amount of $395,000 each, with accrued interest payable quarterly, and maturing on April 1, 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830210/000162828024021949/0001628280-24-021949-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$15.8 million"},{"label":"Counterparty","value":"First National Bank of Omaha"},{"label":"Rate","value":"prime rate plus 1%"},{"label":"Maturity","value":"April 1, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1b5e56055c5dabdcdbb54fe5ca782bbcbe8cf5b3","claim":"Benson Hill, Inc. reported financial results for the quarter ended March 31, 2024.","evidence_excerpt":"On May 9, 2024, Benson Hill, Inc. (the “Company”) issued a press release reporting the financial results of the Company for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830210/000162828024021949/0001628280-24-021949-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}