{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-002895","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.668966+00:00","generated_at":"2026-05-23T19:48:55.448446+00:00","sec_items":["3.02","5.03","3.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Beneficient closes $9.6M GP primary capital transaction, issues Series B-6 convertible preferred","bullets":["Closed $9.6M primary capital transaction for Pulse Pioneer Fund; received LP interest in exchange for 965,576 Series B-6 preferred shares.","Series B-6 preferred convertible at $0.3151/share, monthly resets to VWAP with floor $0.2363; max 40,862,294 Class A shares issuable.","Transaction expected to add ~$1.28M (aggregate ~$10.46M) of tangible book value upon closing prior stockholder enhancement deals.","Collateral for ExAlt loan portfolio expected to increase by ~$9.6M from acquired alternative asset interests; first GP Primary of fiscal year."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-002895","json":"https://secwatch.observer/filing/0001641172-25-002895.json","markdown":"https://secwatch.observer/filing/0001641172-25-002895.md","text":"https://secwatch.observer/filing/0001641172-25-002895.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225002895/0001641172-25-002895-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225002895/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:48:55.448446+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"}