{"filing":{"accession_number":"0001493152-26-037138","cik":"0001775734","ticker":"BENFW","company_name":"Beneficient","form":"8-K","filing_date":"2026-08-11","report_date":"2026-08-05","primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1775734/000149315226037138/form8-k.htm"},"events":[{"id":26937,"run_id":24501,"accession_number":"0001493152-26-037138","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"The filing discloses the creation of direct financial obligations through the issuance of two convertible promissory notes totaling $4.0 million principal ($3.6 million net proceeds after 5% original issue discount). The notes bear interest at 5.0% per annum (escalating to 18.0% upon default), mature on June 30, 2027, and are convertible into Class A common stock at specified conversion prices. This constitutes a new debt obligation under Item 2.03, distinct from the underlying SEPA equity purchase right. The convertible feature and potential dilution (up to 4.7 million shares) make this material to investors.","company_name":"Beneficient","ticker":"BENFW","filing_date":"2026-08-11","form":"8-K","submitted_at":null,"items":[{"id":28240,"accession_number":"0001493152-26-037138","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses the creation of direct financial obligations through the issuance of two convertible promissory notes totaling $4.0 million principal ($3.6 million net proceeds after 5% original issue discount). The notes bear interest at 5.0% per annum (escalating to 18.0% upon default), mature on June 30, 2027, and are convertible into Class A common stock at specified conversion prices. This constitutes a new debt obligation under Item 2.03, distinct from the underlying SEPA equity purchase right. The convertible feature and potential dilution (up to 4.7 million shares) make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T02:16:33.491372+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":28240,"accession_number":"0001493152-26-037138","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses the creation of direct financial obligations through the issuance of two convertible promissory notes totaling $4.0 million principal ($3.6 million net proceeds after 5% original issue discount). The notes bear interest at 5.0% per annum (escalating to 18.0% upon default), mature on June 30, 2027, and are convertible into Class A common stock at specified conversion prices. This constitutes a new debt obligation under Item 2.03, distinct from the underlying SEPA equity purchase right. The convertible feature and potential dilution (up to 4.7 million shares) make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T02:16:33.491372+00:00","company_name":"Beneficient","ticker":"BENFW","filing_date":"2026-08-11"}]}