Beneficient issues $7.44 million in convertible preferred stock in Quartus AI Fund II financing
BENF•Potential expansion and expected book value impact
The commitment can scale to $26.25 million if the fund reaches $150 million of total capital commitments.
Beneficient expects the deal to add about $7.44 million of tangible book value attributable to stockholders.
Financing closed tied to Quartus AI Fund II commitment
Beneficient, a Nevada corporation, closed a $7.44 million financing tied to a primary capital commitment in Quartus AI Fund II LP.
The fund received about $7.44 million in stated value of the company’s Resettable Convertible Preferred Stock, convertible at the holder’s election into Class A common stock.
