DALLAS, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform, AltAccess, today reported its financial results for the fiscal 2026 first quarter, which ended June 30, 2025. Commenting on the fiscal 2026 first quarter results, interim Chief Executive Officer James Silk said: “Th ...

Transformative Year Reduced Operating Costs, Launched New Products and Improved Financial Position Beneficient is Positioned to Capitalize on Adjacent Market Growth Opportunities DALLAS, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform, AltAccess, today reported its finan ...

Core Points - Beneficient has received approval from the Bankruptcy Court for the Southern District of Texas for a settlement agreement related to the GWG Litigation, which resolves all claims against the company and its affiliates [1][2] - The settlement is final, subject to a 14-day appeal period, and does not involve any admission of fault or liability by Beneficient or its directors [2] - The company aims to refocus on its business strategy and shareholder value following the settlement approval [3] Company Overview - Beneficient operates a technology-enabled platform that provides exit opportunities and primary capital solutions for holders of alternative assets through its online platform, AltAccess [1][5] - The company targets mid-to-high net worth individuals, small-to-midsized institutions, and General Partners, offering tools like AltQuote™ for quick access to exit options [5] - Beneficient Fiduciary Financial, a subsidiary, has received its charter under Kansas' Technology-Enabled Fiduciary Financial Institution Act, indicating regulatory oversight [6]

Core Viewpoint - Beneficient has adjourned its Annual Meeting of Stockholders to allow more time for stockholders to vote, as there was not a sufficient number of shares present to constitute a quorum [1][2]. Group 1: Meeting Details - The Annual Meeting has been rescheduled to reconvene on May 29, 2025, at 2:00 p.m. Central Daylight Time and will be held virtually [3]. - During the adjournment, the Company will continue to solicit proxies from stockholders regarding the proposals in the proxy statement [4]. - Stockholders who have not yet voted are encouraged to do so before May 28, 2025, at 11:59 p.m. Central time, using various voting methods [5]. Group 2: Company Overview - Beneficient is a technology-enabled platform aimed at democratizing the global alternative asset investment market, providing solutions for mid-to-high net worth individuals and small-to-midsized institutions [6]. - The Company’s AltQuote™ tool offers customers a range of potential exit options quickly, while the AltAccess® portal allows secure exploration of opportunities [6]. - Beneficient Fiduciary Financial, L.L.C., a subsidiary of the Company, operates under the Technology-Enabled Fiduciary Financial Institution Act in Kansas and is subject to regulatory oversight [7]. Group 3: Proxy Information - The Company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for the Annual Meeting [8]. - Information regarding the Company’s directors, executive officers, and their interests is included in the definitive proxy statement filed with the SEC on March 21, 2025 [8].

Core Viewpoint - Beneficient is urging stockholders to vote on proxy proposals ahead of the Annual Meeting scheduled for April 30, 2025, emphasizing the importance of participation to meet quorum requirements [1][4]. Company Overview - Beneficient (NASDAQ: BENF) is a technology-enabled platform that provides exit opportunities, primary capital solutions, and related trust and custody services for holders of alternative assets through its online platform, AltAccess [1][5]. - The company aims to democratize the global alternative asset investment market, targeting mid-to-high net worth individuals, small-to-midsized institutions, and General Partners seeking exit options and value-added services [5]. Voting Information - Stockholders are encouraged to vote by April 29, 2025, through various methods including online, telephone, or by mailing a proxy card [2]. - The Annual Meeting will be held virtually, and stockholders who have already voted do not need to take further action unless they wish to change their vote [3][2]. Regulatory Compliance - Beneficient Fiduciary Financial, L.L.C., a subsidiary of the company, has received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight [6]. Proxy Statement Information - The company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) regarding the solicitation of proxies for the Annual Meeting [7]. - Stockholders are encouraged to read all relevant documents filed with the SEC before making any voting decisions, as they contain important information [7].

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 through its online platform, AltAccess [1][6] - The company aims to democratize the global alternative asset investment market, targeting mid-to-high net worth individuals, small-to-midsized institutions, and General Partners seeking exit options and value-added services [6] Annual Meeting Details - The Annual Meeting of Stockholders was adjourned due to insufficient shares present to constitute a quorum, allowing more time for stockholders to vote [2] - The meeting is rescheduled to reconvene on April 16, 2025, at 9:00 a.m. Central time, and will be held virtually [3] - During the adjournment, the company will continue to solicit proxies from stockholders regarding the proposals in the proxy statement [4] Voting Information - Stockholders are encouraged to vote before April 15, 2025, at 11:59 p.m. Central time, with options to vote via internet, telephone, or by returning a proxy card [5] - Proxies previously submitted will be voted at the reconvened meeting unless revoked, and stockholders who have already voted need not take further action unless they wish to change their vote [4] Regulatory Information - Beneficient Fiduciary Financial, L.L.C., a subsidiary of the company, received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight [7] Proxy Statement - The company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for the Annual Meeting, which includes important information for stockholders [8]