Beneficient Announces Reverse Stock Split to Regain Compliance with Nasdaq's Minimum Bid Price

Core Viewpoint - Beneficient announced a 1-for-8 reverse stock split of its Class A and Class B common stock to regain compliance with Nasdaq's minimum bid price requirement [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every eight shares of Beneficient's common stock into one share, reducing the number of shares outstanding significantly [3][5]. - Post-split, the number of issued and outstanding Class A Common Stock will decrease from approximately 110,758,536 to about 13,844,817, and Class B Common Stock will decrease from approximately 239,256 to about 29,907 [5]. - The authorized shares of Class A Common Stock will be reduced from 5,000,000,000 to 625,000,000, and Class B Common Stock from 250,000 to 31,250 [3]. Group 2: Trading and Compliance - Beneficient's Class A Common Stock will continue to trade on Nasdaq under the symbol "BENF" on a split-adjusted basis starting December 15, 2025 [2]. - The reverse stock split is aimed at enabling Beneficient to meet Nasdaq's listing standards [2][10]. Group 3: Shareholder Impact - No fractional shares will be issued; shareholders entitled to a fractional share will receive an additional whole share instead [4]. - Registered stockholders holding shares in book-entry form will not need to take action to receive post-split shares, as adjustments will be made automatically [4].