Beneficient - 8-K Filing
Beneficient issued $2.0 million in promissory notes on June 30, 2026 as part of an amended Standby Equity Purchase Agreement with YA II PN, Ltd., resulting in gross proceeds of approximately $1.8 million after a 5% original issue discount. The notes are convertible into Class A common stock at a conversion price based on the company's share value and will mature by June 30, 2027. (Items: 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 9.01 Financial Statements and Exhibits)
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