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Beneficient amends Yorkville equity facility, adds USD 4 million convertible note financing
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Beneficient amends Yorkville equity facility, adds USD 4 million convertible note financing
  • Beneficient entered an amended and restated standby equity purchase agreement with Yorkville, resetting its potential stock-sale capacity to USD 100 million.
  • Yorkville agreed to advance USD 4 million via convertible promissory notes; Beneficient issued a first USD 2 million note on June 30, 2026.
  • The first note carries a 5% original issue discount, delivering about USD 1.8 million in gross proceeds; cash was received July 1, 2026.
  • The note matures June 30, 2027, pays 5% interest, rises to 18% upon an event of default.
  • Conversion price is the lower of USD 5.61 or 92% of the lowest 5-day VWAP, with a USD 0.89 floor; max shares 4,719,101.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beneficient, a Nevada corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-032323), on July 07, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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