secwatch.observer — SEC 8-K summary
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Issuer:     Benson Hill, Inc. (—)
CIK:        0001830210
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001830210-25-000016
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.03, 2.05, 5.02, 2.06, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Benson Hill files Chapter 11 bankruptcy, terminates CEO/CFO/CTO; Nasdaq delisting March 27
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- Filed Chapter 11 on March 20, 2025; secured $11M DIP financing at 15% interest with credit bid rights.
- Terminated CEO Elsner, CFO Keefe, CTO Bull; appointed Daniel Cosgrove as interim CEO at $500K base.
- Nasdaq determined to delist common stock effective March 27, 2025; company not appealing.
- Expects $1.7M in employee termination costs and significant asset impairments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830210/000183021025000016/0001830210-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830210/000183021025000016/bhil-20250319.htm
  HTML page:      https://secwatch.observer/filing/0001830210-25-000016

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