Beneficient Appoints Mack H. Hicks to Board of Directors

Core Viewpoint - Beneficient has appointed Mack H. Hicks to its Board of Directors, aiming to leverage his extensive experience in private equity and corporate acquisitions to enhance the company's growth and value creation strategies [1][4]. 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 [1][6]. - The company focuses on democratizing the global alternative asset investment market for mid-to-high net worth individuals, small-to-midsized institutions, and General Partners [6]. Leadership Appointment - Mack H. Hicks is the CEO of Hicks Holdings LLC and has a background in private equity and real estate investments, continuing the legacy of his late father, Thomas O. Hicks [2][3]. - Hicks has a history of sourcing and managing corporate acquisitions and currently serves on multiple boards, enhancing his qualifications for the role [3]. Financial Developments - On October 19, 2023, Beneficient entered into a credit agreement with HH-BDH LLC, borrowing approximately $27.5 million, which has since been repaid in full [4]. - An amendment to the credit agreement was made on March 10, 2026, allowing for the satisfaction of approximately $1.66 million in accrued interest and fees through stock issuance and deferred cash payments, aimed at increasing financial flexibility [5].