Beneficient Receives Additional Nasdaq Listing Determination

Core Points - Beneficient (NASDAQ: BENF) has been notified by Nasdaq regarding potential delisting due to delays in filing its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which violates Nasdaq's periodic reporting requirements [1] - The company has previously faced issues with non-compliance related to the minimum bid price requirement and delays in filing its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, which also put its securities at risk of delisting [2] - Beneficient has requested a hearing before the Nasdaq Hearings Panel to present its compliance plan and seek an extension for meeting the listing criteria [3] Company Overview - Beneficient aims to democratize the global alternative asset investment market by providing solutions for mid-to-high net worth individuals and small-to-midsized institutions to unlock value in their alternative assets [4] - The company's AltQuote tool offers customers various exit options quickly, while the AltAccess portal allows secure exploration of opportunities and proposals [4] - Beneficient's subsidiary, Beneficient Fiduciary Financial, L.L.C., operates under the Kansas Technology-Enabled Fiduciary Financial Institution Act and is regulated by the Office of the State Bank Commissioner [5]