{"filing":{"accession_number":"0001493152-26-032323","cik":"0001775734","ticker":"BENFW","company_name":"Beneficient","form":"8-K","filing_date":"2026-07-07","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1775734/000149315226032323/form8-k.htm"},"events":[{"id":16431,"run_id":14684,"accession_number":"0001493152-26-032323","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"The Company entered into an amended and restated SEPA with Yorkville on June 26, 2026, and issued a $2.0 million Promissory Note (with 5% original issue discount, yielding ~$1.8 million in gross proceeds) on June 30, 2026. The Promissory Note is a direct financial obligation bearing 5% interest (escalating to 18% upon default), maturing June 30, 2027, and convertible into Class A common stock. This constitutes creation of a new direct financial obligation under Item 2.03, with an additional $2.0 million Promissory Note to follow upon SEC registration statement effectiveness. The dilutive conversion feature and material terms make this a significant capital-raising event.","company_name":"Beneficient","ticker":"BENFW","filing_date":"2026-07-07","form":"8-K","submitted_at":null,"items":[{"id":14525,"accession_number":"0001493152-26-032323","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The Company entered into an amended and restated SEPA with Yorkville on June 26, 2026, and issued a $2.0 million Promissory Note (with 5% original issue discount, yielding ~$1.8 million in gross proceeds) on June 30, 2026. The Promissory Note is a direct financial obligation bearing 5% interest (escalating to 18% upon default), maturing June 30, 2027, and convertible into Class A common stock. This constitutes creation of a new direct financial obligation under Item 2.03, with an additional $2.0 million Promissory Note to follow upon SEC registration statement effectiveness. The dilutive conversion feature and material terms make this a significant capital-raising event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-07T20:16:43.698054+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":14525,"accession_number":"0001493152-26-032323","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The Company entered into an amended and restated SEPA with Yorkville on June 26, 2026, and issued a $2.0 million Promissory Note (with 5% original issue discount, yielding ~$1.8 million in gross proceeds) on June 30, 2026. The Promissory Note is a direct financial obligation bearing 5% interest (escalating to 18% upon default), maturing June 30, 2027, and convertible into Class A common stock. This constitutes creation of a new direct financial obligation under Item 2.03, with an additional $2.0 million Promissory Note to follow upon SEC registration statement effectiveness. The dilutive conversion feature and material terms make this a significant capital-raising event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-07T20:16:43.698054+00:00","company_name":"Beneficient","ticker":"BENFW","filing_date":"2026-07-07"}]}