Beneficient Appoints Karen J. Wendel to Board of Directors

Group 1 - Beneficient appointed Karen J. Wendel as an independent member of its Board of Directors effective November 21, 2024, and she will also serve on several committees including Audit and Enterprise Risk [1][2] - Ms. Wendel is the President and CEO of TrustChains, with extensive experience in banking, technology M&A, cybersecurity, and corporate governance, making her a valuable addition to the board [2][3] - The CEO of Beneficient, Brad Heppner, emphasized the need for board expertise in the digital space, highlighting Ms. Wendel's background in blockchain technology and her experience as CEO of four companies [3] Group 2 - Beneficient aims to democratize the global alternative asset investment market, providing solutions for mid-to-high net worth individuals and small-to-midsized institutions to unlock value in their alternative assets [4] - The company offers tools like AltQuote™ for potential exit options and AltAccess® for secure online exploration of opportunities [4] - Beneficient Fiduciary Financial, a subsidiary, operates under the Technology-Enabled Fiduciary Financial Institution Act in Kansas, ensuring regulatory oversight [4]