Beneficient Secures $3M in Preferred Stock Financing at Premium to Current Price
BENF has more than doubled off its 52-week low of $1.75.
Summary
Beneficient announced the closing of a $3 million primary capital transaction, issuing Series B-9 Resettable Convertible Preferred Stock with an initial conversion price above the current market price.
Key Events · Financing and Capital Events · BENF
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$3 Million Capital Raise
Beneficient closed a primary capital transaction, acquiring a limited partner interest in an investment fund with a net asset value of $3,022,728.
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Issuance of Convertible Preferred Stock
The company issued 302,273 shares of Series B-9 Resettable Convertible Preferred Stock to a customer.
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Conversion Terms
The preferred stock is convertible into Class A Common Stock at an initial price of $7.1332 per share, which is above the current market price. The conversion price is subject to monthly resets with a floor of $5.3499 per share, and a maximum of 565,007 Class A Common Stock shares may be issued.
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Capital Structure Impact
The Series B-9 Preferred Stock ranks pari passu with Class A Common Stock for dividends and liquidation but is junior to existing preferred stock series and all indebtedness.
Analysis · BENF · Finance
This capital raise is significant for Beneficient, representing over 4% of its current market capitalization. While the issuance of convertible preferred stock introduces potential dilution, the initial conversion price of $7.1332 per share is notably above the current stock price of $5.15, suggesting a degree of institutional confidence in the company's future value. The preferred stock includes a reset feature for its conversion price, with a floor of $5.3499, which could lead to increased dilution if the stock price declines. This financing provides crucial capital for the company's operations and growth initiatives.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.8% of the 1640 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BENF was trading at $5.15 on NASDAQ in the Finance sector, with a market capitalization of approximately $72.8M. The 52-week trading range was $1.75 to $12.48. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.