Beneficient Announces Termination of SEC Investigation

Group 1 - The Company requires additional time to update its Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and to complete related procedures before filing [1] - The earnings webcast and earnings release for the fourth quarter and Fiscal 2024, previously scheduled for July 2, 2024, have been postponed, with a new date to be announced [1] Group 2 - The SEC has issued termination letters to the Company and its CEO, indicating that the SEC has concluded its investigation and does not intend to recommend enforcement action under previously issued Wells Notices [5] - Beneficient aims to democratize the global alternative asset investment market by providing liquidity and early exit solutions to traditionally underserved investors [6] - The Company's AltQuote™ tool offers customers various potential exit options quickly, while the AltAccess® portal allows for the digitization of alternative assets and secure engagement with custodial services [6]