Will Request HearingDALLAS, July 18, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced that on July 16, 2025, the Company was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that, due to its continued non-compliance with the minimum $1.00 bid price requirement s ...

Core Viewpoint - Beneficient has successfully closed a $1.91 million primary capital commitment for Mendoza Ventures Growth Fund III, LP, marking its third GP Primary transaction of the fiscal year and fourth since the program's launch in late 2024 [1][2][3] Group 1: Transaction Details - The Fund received approximately $1.91 million in shares of Beneficient's Resettable Convertible Preferred Stock, which can be converted into Class A common stock [2] - The transaction is expected to increase the collateral for Beneficient's ExAlt loan portfolio by approximately $1.91 million in interests in alternative assets [2] - Beneficient has entered into a Preferred Liquidity Provider Program Agreement with the Fund to facilitate ongoing liquidity solutions for the Fund and its limited partners [2] Group 2: Strategic Objectives - Beneficient's GP Primary Commitment Program aims to provide primary capital solutions and financing anchor commitments to general partners during fundraising efforts, addressing a potential demand of up to $330 billion for primary commitments [3] - The company is focused on pursuing additional opportunities that align with its strategic vision and growth objectives [3] Group 3: Company Overview - Beneficient is dedicated to democratizing the global alternative asset investment market by offering solutions to traditionally underserved investors, including mid-to-high net worth individuals and small-to-midsized institutions [4] - The company's AltQuote® tool allows customers to explore a range of potential exit options quickly, while the AltAccess® portal provides a secure online environment for proposals and opportunities [4]

Core Points - Beneficient has received approval from the Bankruptcy Court for the Southern District of Texas for a settlement agreement related to the GWG Litigation, which resolves all claims against the company and its affiliates [1][2] - The settlement is final, subject to a 14-day appeal period, and does not involve any admission of fault or liability by Beneficient or its directors [2] - The company aims to refocus on its business strategy and shareholder value following the settlement approval [3] Company Overview - Beneficient operates a technology-enabled platform that provides exit opportunities and primary capital solutions for holders of alternative assets through its online platform, AltAccess [1][5] - The company targets mid-to-high net worth individuals, small-to-midsized institutions, and General Partners, offering tools like AltQuote™ for quick access to exit options [5] - Beneficient Fiduciary Financial, a subsidiary, has received its charter under Kansas' Technology-Enabled Fiduciary Financial Institution Act, indicating regulatory oversight [6]

Core Viewpoint - Beneficient has adjourned its Annual Meeting of Stockholders to allow more time for stockholders to vote, as there was not a sufficient number of shares present to constitute a quorum [1][2]. Group 1: Meeting Details - The Annual Meeting has been rescheduled to reconvene on May 29, 2025, at 2:00 p.m. Central Daylight Time and will be held virtually [3]. - During the adjournment, the Company will continue to solicit proxies from stockholders regarding the proposals in the proxy statement [4]. - Stockholders who have not yet voted are encouraged to do so before May 28, 2025, at 11:59 p.m. Central time, using various voting methods [5]. Group 2: Company Overview - Beneficient is a technology-enabled platform aimed at democratizing the global alternative asset investment market, providing solutions for mid-to-high net worth individuals and small-to-midsized institutions [6]. - The Company’s AltQuote™ tool offers customers a range of potential exit options quickly, while the AltAccess® portal allows secure exploration of opportunities [6]. - Beneficient Fiduciary Financial, L.L.C., a subsidiary of the Company, operates under the Technology-Enabled Fiduciary Financial Institution Act in Kansas and is subject to regulatory oversight [7]. Group 3: Proxy Information - The Company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for the Annual Meeting [8]. - Information regarding the Company’s directors, executive officers, and their interests is included in the definitive proxy statement filed with the SEC on March 21, 2025 [8].

Core Viewpoint - Beneficient has successfully closed a $233,333 primary capital commitment for Cork & Vines Fund I, LP, marking its second GP Primary transaction of the fiscal year and third since the program's launch in late 2024 [1][2][3] Group 1: Transaction Details - The Fund received approximately $233,333 in shares of Beneficient's Resettable Convertible Preferred Stock, which can be converted into Class A common stock [2] - This transaction is expected to increase the collateral for Beneficient's ExAlt loan portfolio by approximately $233,333 in alternative asset interests [2] - Beneficient has entered into a Preferred Liquidity Provider Program Agreement with the Fund to facilitate ongoing liquidity solutions for the Fund and its limited partners [2] Group 2: Financial Impact - The transaction is anticipated to add approximately $77,777 to the tangible book value attributable to Beneficient's stockholders, contributing to an aggregate of approximately $10.54 million [3] - Beneficient's GP Primary Commitment Program aims to address the potential demand for primary commitments, estimated at up to $330 billion, to support fundraising efforts [4] Group 3: Company Overview - Beneficient is focused on democratizing the global alternative asset investment market by providing solutions for mid-to-high net worth individuals and small-to-midsized institutions [12] - The company's AltAccess platform offers a secure online environment for customers to explore investment opportunities and receive proposals [12]

Core Viewpoint - Beneficient is urging stockholders to participate in the upcoming Annual Meeting by voting on proxy proposals, emphasizing the importance of their votes for meeting quorum requirements [1][4]. Company Overview - Beneficient (NASDAQ:BENF) is a technology-enabled platform that provides exit opportunities, primary capital solutions, and related trust and custody services for holders of alternative assets through its online platform, AltAccess [1][5]. - The company aims to democratize the global alternative asset investment market, targeting mid-to-high net worth individuals, small-to-midsized institutions, and General Partners [5]. Voting Information - Stockholders are encouraged to vote by 11:59 p.m. Central Time on April 29, 2025, through various methods including online, telephone, or by mailing a proxy card [2]. - The Annual Meeting will be held virtually on April 30, 2025, at 9:00 a.m. Central Time [1][2]. Proxy Solicitation - The company continues to solicit proxies for the proposals outlined in its proxy statement, and votes already submitted will be counted unless revoked [3]. - The Board of Directors recommends that stockholders vote in favor of all proposals, believing they are in the best interests of the company and its stockholders [4]. Regulatory Information - Beneficient Fiduciary Financial, L.L.C., a subsidiary of the company, has received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight [6]. Additional Information - The company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) regarding the Annual Meeting, and stockholders are urged to read all relevant documents before making voting decisions [7].

Core Viewpoint - Beneficient is urging stockholders to vote on proxy proposals ahead of the Annual Meeting scheduled for April 30, 2025, emphasizing the importance of participation to meet quorum requirements [1][4]. Company Overview - Beneficient (NASDAQ: BENF) is a technology-enabled platform that provides exit opportunities, primary capital solutions, and related trust and custody services for holders of alternative assets through its online platform, AltAccess [1][5]. - The company aims to democratize the global alternative asset investment market, targeting mid-to-high net worth individuals, small-to-midsized institutions, and General Partners seeking exit options and value-added services [5]. Voting Information - Stockholders are encouraged to vote by April 29, 2025, through various methods including online, telephone, or by mailing a proxy card [2]. - The Annual Meeting will be held virtually, and stockholders who have already voted do not need to take further action unless they wish to change their vote [3][2]. Regulatory Compliance - Beneficient Fiduciary Financial, L.L.C., a subsidiary of the company, has received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight [6]. Proxy Statement Information - The company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) regarding the solicitation of proxies for the Annual Meeting [7]. - Stockholders are encouraged to read all relevant documents filed with the SEC before making any voting decisions, as they contain important information [7].

Company Overview - Beneficient (NASDAQ:BENF) is a technology-enabled platform that provides exit opportunities and primary capital solutions, along with trust and custody services for holders of alternative assets through its online platform AltAccess [1][3] - The company aims to democratize the global alternative asset investment market, targeting mid-to-high net worth individuals, small-to-midsized institutions, and General Partners seeking exit options and value-added services [3] Upcoming Events - Beneficient will present a corporate update at the Emerging Growth Conference on April 17, 2025, with a webcast group presentation scheduled for 4:10 PM Eastern Time [1] - Investors can register for the conference in advance and access an archived webcast if they cannot attend live [2] Regulatory Information - Beneficient's subsidiary, Beneficient Fiduciary Financial, L.L.C., has received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is regulated by the Office of the State Bank Commissioner [4]

Core Insights - Beneficient has successfully closed a $9.6 million primary capital commitment for Pulse Pioneer Fund, marking its first GP Primary transaction of the fiscal year [1][2] - The financing is expected to enhance the collateral for the Company's ExAlt loan portfolio by approximately $9.6 million in alternative assets [1] - The transaction is anticipated to add around $1.28 million to the tangible book value for the Company's stockholders, totaling approximately $10.46 million post-transaction [2] Company Strategy - Beneficient's GP Primary Commitment Program aims to provide primary capital solutions and anchor commitments to general partners, addressing a potential demand of up to $330 billion for primary commitments [3] - The management emphasizes the importance of innovative financing solutions to enhance shareholder value and support impactful investment strategies [2] Financial Metrics - As of December 31, 2024, the tangible book value attributable to the Company's stockholders is projected to increase from $9,177 thousand to $10,457 thousand post-transaction [5][6] - The total equity (deficit) stands at $14,260 thousand, with a tangible book value of $91,772 thousand before the transaction [5] Company Overview - Beneficient operates a technology-enabled platform that provides exit opportunities and primary capital solutions for holders of alternative assets through its online platform, AltAccess [1][7] - The Company aims to democratize the alternative asset investment market for mid-to-high net worth individuals and small to midsized institutions [7]

Company Overview - Beneficient (NASDAQ: BENF) is a technology-enabled platform that provides exit opportunities and primary capital solutions, along with trust and custody services for holders of alternative assets through its online platform, AltAccess [1][6] - The company aims to democratize the global alternative asset investment market, targeting mid-to-high net worth individuals, small-to-midsized institutions, and General Partners seeking exit options and value-added services [6] Annual Meeting Details - The Annual Meeting of Stockholders was adjourned due to insufficient shares present to constitute a quorum, allowing more time for stockholders to vote [2] - The meeting is rescheduled to reconvene on April 16, 2025, at 9:00 a.m. Central time, and will be held virtually [3] - During the adjournment, the company will continue to solicit proxies from stockholders regarding the proposals in the proxy statement [4] Voting Information - Stockholders are encouraged to vote before April 15, 2025, at 11:59 p.m. Central time, with options to vote via internet, telephone, or by returning a proxy card [5] - Proxies previously submitted will be voted at the reconvened meeting unless revoked, and stockholders who have already voted need not take further action unless they wish to change their vote [4] Regulatory Information - Beneficient Fiduciary Financial, L.L.C., a subsidiary of the company, received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight [7] Proxy Statement - The company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for the Annual Meeting, which includes important information for stockholders [8]