Beneficient Files 8-K for Material Agreement and Equity Sales
Ticker: BENFW · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1775734
Sentiment: neutral
Topics: material-agreement, equity-sale, financial-statements
Related Tickers: BENF
TL;DR
BENF filed an 8-K detailing a material agreement and unregistered equity sales, potentially affecting share structure.
AI Summary
On December 4, 2024, Beneficient entered into a material definitive agreement related to the issuance of shares of its Class Common Stock and warrants. The company also disclosed unregistered sales of equity securities and provided financial statements and exhibits.
Why It Matters
This filing indicates potential dilution or new capital for Beneficient through the issuance of common stock and warrants, impacting existing shareholders.
Risk Assessment
Risk Level: medium — The filing involves unregistered sales of equity securities and material definitive agreements, which can carry inherent risks related to dilution and regulatory compliance.
Key Numbers
- 0.001 — Par Value Per Share (Par value for Class Common Stock and Series Convertible Preferred Stock.)
Key Players & Entities
- Beneficient (company) — Registrant
- December 4, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
- 0.001 (dollar_amount) — Par value per share of Class Common Stock
FAQ
What is the nature of the material definitive agreement entered into by Beneficient?
The filing indicates a material definitive agreement related to the issuance of shares of Class Common Stock and warrants, but specific details of the agreement are not fully elaborated in the provided text.
What type of equity securities were sold unregistered by Beneficient?
The filing mentions unregistered sales of equity securities, specifically referencing 'SharesOfClassCommonStockParValue0.001PerShareMember' and 'WarrantsEachWholeWarrantExercisableForOneShareOfClassCommonStockParValue0.001PerShareAndOneShareOfSeriesConvertiblePreferredStockParValue0.001PerShareMember'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 4, 2024.
What is Beneficient's state of incorporation?
Beneficient is incorporated in Nevada.
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.
Filing Stats: 3,590 words · 14 min read · ~12 pages · Grade level 16.9 · Accepted 2024-12-05 16:18:49
Key Financial Figures
- $0.001 — ares of Class A common stock, par value $0.001 per share BENF Nasdaq Stock Market
- $1.5 million — escribed below), consideration equal to $1.5 million (the "Purchase Price") consisting of a
- $5.00 — hares at a price per share greater than $5.00 per share for sales occurring more than
Filing Documents
- form8-k.htm (8-K) — 76KB
- ex2-1.htm (EX-2.1) — 174KB
- ex10-1.htm (EX-10.1) — 157KB
- ex10-2.htm (EX-10.2) — 95KB
- ex99-1.htm (EX-99.1) — 17KB
- 0001493152-24-048880.txt ( ) — 833KB
- benf-20241204.xsd (EX-101.SCH) — 4KB
- benf-20241204_def.xml (EX-101.DEF) — 30KB
- benf-20241204_lab.xml (EX-101.LAB) — 37KB
- benf-20241204_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: December 5, 2024