Beneficient Reports Unregistered Equity Sales
Ticker: BENFW · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1775734
Sentiment: neutral
Topics: unregistered-sale, equity-securities, warrants
Related Tickers: BENF
TL;DR
Beneficient sold unregistered equity, potentially diluting shares.
AI Summary
On September 11, 2024, Beneficient filed an 8-K report detailing the unregistered sale of equity securities. The filing indicates the issuance of shares of Class Common Stock and warrants exercisable for common stock and convertible preferred stock.
Why It Matters
This filing signals potential dilution or new capital infusion for Beneficient through the issuance of new equity, which could impact existing shareholders.
Risk Assessment
Risk Level: medium — Unregistered sales can sometimes indicate less transparency or potential regulatory scrutiny, and may lead to dilution for existing shareholders.
Key Players & Entities
- Beneficient (company) — Registrant
- September 11, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
- 001-41715 (identifier) — Commission File Number
- 72-1573705 (identifier) — I.R.S. Employer Identification No.
FAQ
What type of equity securities were sold?
The filing indicates the unregistered sale of Class Common Stock and warrants exercisable for Class Common Stock and Series Convertible Preferred Stock.
Was this sale registered with the SEC?
No, the filing explicitly states 'Unregistered Sales of Equity Securities'.
What is the par value of the common stock?
The par value of the Class Common Stock is $0.001 per share.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is September 11, 2024.
Where is Beneficient incorporated?
Beneficient is incorporated in Nevada.
Filing Stats: 549 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-09-12 16:05:20
Key Financial Figures
- $0.001 — ares of Class A common stock, par value $0.001 per share BENF The Nasdaq Stock Mar
- $1.58 — .001 per share, at a price per share of $1.58 (the "Shares"). The issuance of the S
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-036041.txt ( ) — 264KB
- benf-20240911.xsd (EX-101.SCH) — 4KB
- benf-20240911_def.xml (EX-101.DEF) — 30KB
- benf-20240911_lab.xml (EX-101.LAB) — 37KB
- benf-20240911_pre.xml (EX-101.PRE) — 27KB
- form8-k_htm.xml (XML) — 6KB
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: September 12, 2024