Beneficient amandemen perjanjian pembelian ekuitas dengan Yorkville, dapatkan pembiayaan USD 4 juta lewat notes konversi
BENF•Yorkville amended equity purchase agreement and convertible notes
Beneficient revised its Standby Equity Purchase Agreement with Yorkville, reducing the share sale capacity to up to USD 100 million.
Yorkville provided USD 4 million in financing through two promissory notes, each for USD 2 million, on June 30, 2026 and August 5, 2026.
Each note had a 5% original issue discount, resulting in gross proceeds of about USD 1.8 million per note, and matures on June 30, 2027.
The notes bear 5% annual interest, which can increase to 18% upon an event of default that has not been cured.
The notes are convertible into shares at the lower of USD 5.61 or 92% of the lowest 5-day VWAP, subject to a maximum of 4,719,101 shares.
