Beneficient-A Stock Price, News & Analysis

Beneficient (NASDAQ: BENF), a tech platform providing exit solutions and capital services for alternative asset holders through its AltAccess platform, has announced an adjournment of its Annual Meeting of Stockholders.

The meeting, previously scheduled for April 30, 2025, has been postponed to May 28, 2025 at 8:00 a.m. Central time due to insufficient quorum. The virtual meeting will be held at cstproxy.com/beneficient/2025.

Stockholders who haven't voted can do so until May 27, 2025, at 11:59 p.m. Central time through:

• Internet: cstproxyvote.com
• Phone: 1-866-894-0536
• Mail: Corporate Secretary, Beneficient, Dallas, Texas

Previously submitted proxies remain valid unless revoked. The Board maintains that all proxy statement proposals are in stockholders' best interests.

Beneficient (NASDAQ: BENF) has announced the closure of a $233,333 primary capital commitment for Cork & Vines Fund I, LP, marking its second GP Primary transaction of the fiscal year. The Fund received Resettable Convertible Preferred Stock convertible into BENF Class A common stock.

This transaction represents Ben's third deal since launching the program in late 2024, expected to increase the collateral for the Company's ExAlt loan portfolio by approximately $233,333. The company also entered into a Preferred Liquidity Provider Program Agreement with the Fund to facilitate ongoing liquidity solutions.

Upon closing of the Public Stockholder Enhancement Transactions, this deal is anticipated to add approximately $77,777 to the tangible book value attributable to stockholders. The GP Primary Commitment Program aims to address up to $330 billion of potential demand for primary commitments in fundraising needs.

Beneficient (NASDAQ: BENF) has issued a reminder to stockholders to cast their votes on proxy proposals before the Annual Meeting of Stockholders scheduled for April 30, 2025, at 9:00 a.m. Central Time. The deadline for voting is April 29, 2025, at 11:59 p.m. Central Time.

Stockholders can vote through multiple channels:

• Online at cstproxyvote.com
• By telephone at 1-866-894-0536
• By mailing proxy cards to the Corporate Secretary in Dallas

The virtual meeting will be held at cstproxy.com/beneficient/2025. The Board of Directors recommends voting in favor of all proposals, considering them in the best interests of the Company and stockholders. Previously submitted proxies remain valid unless revoked. Meeting quorum requirements must be met for the annual meeting to proceed.

Beneficient (NASDAQ: BENF) announced the adjournment of its Annual Meeting of Stockholders originally scheduled for April 16, 2025, due to insufficient quorum. The meeting has been rescheduled to April 30, 2025, at 9:00 a.m. Central time and will be held virtually at cstproxy.com/beneficient/2025.

The Company's Board continues to support all proposals in the proxy statement as being in stockholders' best interests. Previously submitted proxies remain valid unless revoked, and stockholders who haven't voted yet can do so until April 29, 2025, at 11:59 p.m. Central time through internet, telephone, or mail.

Beneficient (NASDAQ: BENF), a technology-enabled platform specializing in alternative asset solutions, has announced its upcoming presentation at the Emerging Growth Conference on April 17, 2025. The company will deliver a corporate update through a webcast group presentation scheduled for 4:10 PM Eastern Time.

The presentation will be accessible to investors who register in advance through the provided webcast link. For those unable to attend the live event, an archived version will be available afterwards on EmergingGrowth.com and the Emerging Growth YouTube Channel.

Beneficient (NASDAQ: BENF) has announced the closure of a $9.6 million primary capital commitment transaction with Pulse Pioneer Fund, LP, marking the company's first GP Primary transaction of the fiscal year. The fund received approximately $9.6 million in stated value of Resettable Convertible Preferred Stock, convertible into BENF Class A common stock.

The transaction is expected to increase the collateral for the Company's ExAlt loan portfolio by $9.6 million. Upon closing of the Public Stockholder Enhancement Transactions, this deal is anticipated to add approximately $1.28 million to the tangible book value attributable to stockholders, bringing the aggregate to approximately $10.46 million.

Through its GP Primary Commitment Program, Beneficient aims to address up to $330 billion of potential demand for primary commitments to meet fundraising needs. The company's market capitalization of Class A and Class B common stock as of April 4, 2025, stands at $2,728,000.

Beneficient (NASDAQ: BENF) announced the adjournment of its Annual Meeting of Stockholders on March 31, 2025, due to insufficient quorum. The meeting has been rescheduled for April 16, 2025, at 9:00 a.m. Central time and will be held virtually.

The Company's Board continues to support all proposals in the proxy statement as being in stockholders' best interests. During the adjournment period, Beneficient will continue soliciting proxies from stockholders. Previously submitted proxies remain valid unless revoked.

Stockholders who haven't voted can do so until April 15, 2025, at 11:59 p.m. Central time through multiple channels: online at cstproxyvote.com, by phone at 1-866-894-0536, or by mailing proxy cards to the Corporate Secretary in Dallas.

Beneficient (NASDAQ: BENF) has reached a binding agreement to settle all claims in the GWG Holdings litigation cases in federal courts. The settlement, which remains subject to court approval, will be funded entirely through insurance policy limits and resolves all claims against Beneficient, its subsidiaries, and their current and former directors and officers, including CEO Brad Heppner.

The company maintains its position of contesting all allegations, denying any wrongdoing, fault, or liability. The decision to settle was strategically made to eliminate ongoing costs, distractions, and litigation risks. While this settlement resolves claims against Beneficient parties, other GWG-related claims against non-Beneficient parties remain outstanding, including claims against entities related to the founder and CEO, to whom Beneficient has indemnification obligations.

Beneficient (NASDAQ: BENF) reported its Q3 FY2025 results with several key developments. Revenues increased to $4.4 million compared to $(10.2) million in Q3 FY2024. The company's investments fair value rose to $334.3 million from $329.1 million at the previous fiscal year-end.

Notable highlights include: completion of their first primary capital transaction, a proposed acquisition of Mercantile Bank International Corp. for $1.5 million to expand digital asset capabilities, and an increase in permanent equity by $35 million through preferred equity re-designation. The company's loan portfolio is supported by approximately 220 private market funds and 750 investments across various asset classes.

Operating expenses declined 98% to $13.9 million in Q3 FY2025, compared to $905.7 million in Q3 FY2024. The company improved its permanent equity position from a deficit of $148.3 million to a positive $14.3 million as of December 31, 2024.