{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-006079","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.669170+00:00","generated_at":"2026-05-23T05:58:02.532766+00:00","sec_items":["3.02","5.03","3.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Beneficient closes $233K GP primary capital deal for Cork & Vines Fund I, issues Series B-7 convertible preferred","bullets":["Closed GP primary capital transaction: acquired LP interest in Cork & Vines Fund I for $233,333 NAV, issued 23,333 Series B-7 Preferred shares.","Series B-7 Preferred convertible into Class A at $0.2979/share, subject to monthly reset (floor $0.2234) and 4.99% beneficial ownership limit.","Collateral backing ExAlt loan portfolio increased by ~$233,333; entered Preferred Liquidity Provider Program with the fund.","Expected to add ~$77,777 tangible book value (aggregate ~$10.54M) upon closing of previously announced Public Stockholder Enhancement Transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-006079","json":"https://secwatch.observer/filing/0001641172-25-006079.json","markdown":"https://secwatch.observer/filing/0001641172-25-006079.md","text":"https://secwatch.observer/filing/0001641172-25-006079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225006079/0001641172-25-006079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225006079/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T05:58:02.532766+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"}