Beneficient Files 8-K: Stock and Warrant Details

Ticker: BENFW · Form: 8-K · Filed: Aug 15, 2024 · CIK: 1775734

Sentiment: neutral

Topics: disclosure, stock-structure, warrants

Related Tickers: BENF

TL;DR

Beneficient dropped an 8-K on Aug 15 detailing stock and warrant info. Check for dilution!

AI Summary

On August 15, 2024, Beneficient filed an 8-K report detailing a Regulation FD Disclosure and Financial Statements and Exhibits. The filing includes information about the company's common stock and warrants, with specific details on shares of Class Common Stock and warrants exercisable for common stock and convertible preferred stock.

Why It Matters

This filing provides crucial updates on Beneficient's share structure and outstanding warrants, which can impact shareholder value and future dilution.

Risk Assessment

Risk Level: medium — The filing concerns stock and warrant details, which can have implications for share structure and potential dilution, requiring careful investor review.

Key Players & Entities

FAQ

What specific financial statements or exhibits were filed with this 8-K?

The filing indicates 'Financial Statements and Exhibits' were included, but the specific content is not detailed in the provided text.

What is the par value of Beneficient's Class Common Stock?

The par value of Beneficient's Class Common Stock is $0.001 per share.

What does each whole warrant issued by Beneficient entitle the holder to?

Each whole warrant is exercisable for one share of Class Common Stock and one share of Series Convertible Preferred Stock, both with a par value of $0.001 per share.

What is the filing date and the earliest event reported date?

The filing was made as of August 15, 2024, and this is also the date of the earliest event reported.

What is Beneficient's former company name and the date of its name change?

Beneficient's former company name was Beneficient Co Group, L.P., and the date of the name change was May 3, 2019.

Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-08-15 06:10:35

Key Financial Figures

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Beneficient (the "Company") is furnishing a copy of an investor presentation (the "Presentation") that the Company intends to use, in whole or in part, during the Company's presentation at the Sidoti Micro-Cap Conference on August 15, 2024. A copy of the Presentation is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information contained in the Presentation is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in the Presentation, although it may do so from time to time as its management believes is warranted. The information in this Item 7.01 (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth in such filing. Item 9.01 Exhibits and Financial Statements. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Investor Presentation of Beneficient. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BENEFICIENT By: /s/ Gregory W. Ezell Name: Gregory W. Ezell Title: Chief Financial Officer Dated: August 15, 2024

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