Beneficient-A - BENF STOCK NEWS

Beneficient (NASDAQ: BENF), a technology-enabled platform providing exit solutions and primary capital solutions for alternative asset holders through its AltAccess platform, has scheduled its Third Quarter Fiscal 2025 financial results announcement for Thursday, February 13, 2025. The company will host a webcast presentation at 8:30 a.m. Eastern Standard Time on the same day. Interested parties can access the webcast through the company's investor relations website at shareholders.trustben.com, with registration required at least ten minutes before the start time. A replay will be available on the company's website after the presentation.

Beneficient (NASDAQ: BENF) has announced the closure of a $1.36 million primary capital commitment transaction with 8F Fund, LP, marking its first GP Primary transaction following the Public Stockholder Enhancement Transactions. The Fund received Resettable Convertible Preferred Stock convertible into BENF Class A common stock in exchange for interest in the Fund.

The transaction is expected to increase the collateral for the Company's ExAlt loan portfolio by approximately $1.36 million. Upon closing of the Public Stockholder Enhancement Transactions, this deal is anticipated to add approximately $450K to the tangible book value attributable to stockholders, bringing the aggregate to approximately $10.23 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 for Class A and Class B common stock as of January 3, 2025, stands at $6,048.

Beneficient (NASDAQ: BENF) has announced an agreement with entities controlled by CEO Brad Heppner to enhance shareholder value. The key changes include allowing public stockholders to share in the liquidation priority of Beneficient Holdings, creating tangible book value for public stockholders. Following the transaction, public stockholders would receive 10% of the first $100 million distributed to equity holders and 33.3333% of the net asset value of up to $5 billion in alternative assets added after December 22, 2024.

The company expects tangible book value attributable to public stockholders to increase from $0 to approximately $10 million. Additionally, entities controlled by the CEO will forego rights to receive up to $400 million of equity for the benefit of existing customers. The transaction is expected to complete in first half of 2025, subject to stockholder and regulatory approvals.

Beneficient (NASDAQ: BENF) has appointed Louise Jones as Managing Director of Capital Markets and Custody Operations. This hiring aligns with the company's recent acquisition of Mercantile Bank International Corp., an International Financial Entity. Jones will oversee Mercantile Bank's integration and lead the expansion of the company's fee-based alternative asset custody business, including launching a depositary receipt companion business line.

Jones brings four decades of Wall Street experience, notably as the youngest woman to hold a New York Stock Exchange seat. She previously co-founded Cassidy, Jones & Co., Inc., a major NYSE floor brokerage operation, later sold to Sungard Global. Her experience includes roles at Merrill Lynch and Exworks Capital. Jones holds FINRA-registered licenses Series 7, 27, 63 and 66.

Beneficient (NASDAQ: BENF) has announced an agreement to acquire Mercantile Bank International, a Puerto Rico-based International Financial Entity (IFE), for $1.5 million through a combination of approximately 2.1 million shares of Class A common stock and cash.

The acquisition aims to expand Ben's alternative asset custody services and enable the company to offer enhanced custody and fee-based services. As an IFE licensed by Puerto Rico's OCIF, Mercantile Bank can provide banking and financial services to non-Puerto Rico residents globally.

Upon closing, expected in Q2 2025 subject to OCIF approval, Ben plans to expand its custody services to large institutional investors and third-party alternative trading systems. The company anticipates generating custody and depositary receipt issuance fee-based revenue starting in 2025.

Beneficient (NASDAQ: BENF), a technology-enabled platform providing exit solutions and capital services for alternative asset holders through its AltAccess platform, will present at the Emerging Growth Conference on December 4, 2024. The company's webcast presentation is scheduled for 10:15 AM Eastern Time.

Investors can register for the conference through the provided link. For those unable to attend live, an archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube Channel after the event.

Beneficient (BENF), a technology platform providing liquidity and trust services for alternative assets, has successfully regained compliance with two Nasdaq listing requirements. The company met both the Stockholders' Equity Requirement under Rule 5550(b)(1) and the Audit Committee Requirement under Rule 5605(c)(2). As a result, Beneficient's securities will continue to be listed and traded on the Nasdaq Stock Market.

Beneficient (BENF) has appointed Karen J. Wendel as an independent member of its Board of Directors effective November 21, 2024. Wendel, currently President and CEO of TrustChains, will serve on the Audit, Products and Related Party Transactions, and Enterprise Risk committees. She brings extensive experience in banking, technology M&A, cybersecurity, private equity, corporate governance, risk management, and blockchain/DeFi. With a background in Economics and International Relations, Wendel has served as CEO of four companies and has led major transformational projects across multiple industries, particularly in financial services and cybersecurity.

Beneficient (Nasdaq: BENF) announced that its subsidiary Beneficient Company Holdings has completed a transaction to redesignate approximately $35 million of preferred equity as non-redeemable, effectively adding this amount as permanent equity to its balance sheet. Following this transaction, the Company believes it has achieved stockholders' equity of at least $2.5 million, meeting Nasdaq's Minimum Stockholders' Equity Requirement, though final compliance determination remains subject to Nasdaq's review.