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Beneficient - BENF STOCK NEWS

Welcome to our dedicated page for Beneficient news (Ticker: BENF), a resource for investors and traders seeking the latest updates and insights on Beneficient stock.

Beneficient Class A Common Stock (symbol: BENF) represents a technology-enabled financial services holding company aimed at redefining liquidity in the alternative asset industry. Beneficient, together with its subsidiaries, provides simple, rapid, and cost-effective liquidity solutions through its innovative platform, AltAccess. This platform addresses the needs of mid-to-high net worth individual investors, small-to-midsize institutional investors, family offices, and fund general partners by offering bespoke liquidity solutions for otherwise illiquid alternative asset investments.

The company's core business is designed to meet the unmet needs of its diverse clientele by leveraging proprietary technology and an advanced financing and trust structure. Beneficient operates across three main segments: Ben Liquidity, Ben Custody, and Customer ExAlt Trusts.

Recent achievements include the development and launch of the state-of-the-art fintech platform AltAccess and an innovative trust structure. The company has also formed a strategic partnership with Darrow Associates to enhance its investor communication strategy. Notably, Beneficient has agreed to finance liquidity transactions for funds managed by ff Venture Capital, demonstrating its commitment to providing flexible, customized liquidity solutions.

The company's subsidiary, Beneficient Fiduciary Financial, L.L.C., operates under the Kansas Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is regulated by the Kansas Office of the State Bank Commissioner.

Beneficient's financial condition remains robust with substantial engagements and agreements that boost its market position. The company's unique business model offers public market investors exposure to over 250 globally diversified private market funds, spanning various asset classes including private equity, real estate, natural resources, debt, and venture capital.

For more updates and detailed financial information, visit www.trustben.com or follow Beneficient on LinkedIn.

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Beneficient, a technology platform offering liquidity services to holders of alternative assets, has regained compliance with NASDAQ's minimum bid price rule, ensuring its securities will continue to be listed and traded on Nasdaq.

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Beneficient, a technology-enabled platform listed on Nasdaq as BENF, responds to claims made by the GWG Litigation Trustee regarding complex business transactions. Beneficient expresses disappointment but confidence in its robust defenses against the allegations. The company remains focused on providing liquidity to investors and managers of private market assets.
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Beneficient announces a 1-for-80 reverse stock split to regain compliance with Nasdaq's minimum bid price. The split will reduce the number of outstanding shares and increase the share price, aiming to meet listing requirements.
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Beneficient, a technology-enabled platform, will participate in the Planet MicroCap Showcase on May 1-2, 2024. The Company will present at the showcase to provide information about its services and offerings.
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Beneficient (Nasdaq: BENF) announces liquidity transactions with ff Venture Capital, estimating a $121.5 million growth in loan portfolio collateral. The company has completed over $1.1 billion in liquidity transactions with general partners through fund restructurings. Limited partners can participate in transactions exchanging interests for convertible preferred stock and potential earnout payments.
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Beneficient (BENF) reported its financial results for the fiscal 2024 third quarter, showcasing growth in its Preferred Liquidity Provider Program, reduction in operating expenses, and improved financial position. The company also launched new products/services and enhanced operational efficiencies.
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Beneficient (BENF) partners with Darrow Associates as its investor relations advisor to enhance investor communication and awareness.
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Beneficient (NASDAQ: BENF) will release its Third Quarter fiscal 2024 financial results after market close on Tuesday, February 13, 2024. The company provides liquidity and related trust and custody services to holders of alternative assets. A webcast to present the results will be hosted at 5:00 p.m. Eastern time on the same day. Shareholders can register to listen to the webcast on the Beneficient investor relations website and a replay will be available shortly after the initial presentation.
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Beneficient (Nasdaq: BENF) has closed a $2 million liquidity financing and has sourced nearly $10 million from its PLP Program. The company has entered into additional PLP Program agreements, increasing the total amount of committed capital to funds party to the PLP Program to $1.5 billion. The PLP Program is now offered alongside Beneficient’s New Primary Commitment Program for General Partners. The company has executed PLP Program agreements with 19 separate alternative asset funds, representing an increase of approximately $1.2 billion in committed capital from the previous year. The PLP Program provides alternative asset general partners, the investment funds they advise, and their limited partners an opportunity for enhanced reporting and trust and custodial services, as well as early exit capabilities for their illiquid alternative investments financed by Beneficient. The company also offers the PLP Program alongside its newly launched Primary Commitment Program for general partners of alternative asset funds in their fund-raising process.
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Beneficient (NASDAQ: BENF) reported its financial results for the second quarter fiscal 2024, showing growth in liquidity transactions and assets held in custody. The company's revenues increased in the Ben Liquidity segment but decreased in the Ben Custody segment. Operating loss and adjusted operating loss for the period were significant due to non-cash goodwill impairment and negative credit loss adjustments.
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FAQ

What is the current stock price of Beneficient (BENF)?

The current stock price of Beneficient (BENF) is $1.11 as of September 20, 2024.

What is the market cap of Beneficient (BENF)?

The market cap of Beneficient (BENF) is approximately 5.1M.

What is Beneficient Class A Common Stock (BENF)?

Beneficient Class A Common Stock represents shares in Beneficient, a financial services holding company that provides liquidity solutions for alternative assets through its AltAccess platform.

What services does Beneficient offer?

Beneficient provides liquidity, custody, and trust services for alternative asset investments, targeted at mid-to-high net worth individuals, small-to-midsize institutions, family offices, and fund general partners.

What recent partnerships has Beneficient formed?

Beneficient has partnered with Darrow Associates for investor relations and has agreed to finance liquidity transactions with ff Venture Capital.

What is AltAccess?

AltAccess is Beneficient's proprietary online platform that offers liquidity solutions, digitizes alternative assets, and provides data analytics to inform investment decisions.

How does Beneficient's business model benefit investors?

Beneficient's model offers investors access to over 250 globally diversified private market funds, spanning multiple asset classes, providing unique liquidity solutions for alternative assets.

What regulatory oversight does Beneficient face?

Beneficient Fiduciary Financial, L.L.C., a subsidiary of Beneficient, operates under the Kansas Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is regulated by the Kansas Office of the State Bank Commissioner.

How does Beneficient facilitate liquidity for alternative asset investments?

Beneficient uses proprietary technology and an innovative trust structure to provide simple, rapid, and cost-effective liquidity solutions for illiquid alternative asset investments.

What are the main segments of Beneficient's operations?

Beneficient operates in three main segments: Ben Liquidity, Ben Custody, and Customer ExAlt Trusts.

Where can I find more information about Beneficient?

You can find more information by visiting their official website at www.trustben.com or following them on LinkedIn.

What is the significance of Beneficient's liquidity solutions?

Beneficient's liquidity solutions address a critical market need by providing early liquidity exit options that help unlock the value of otherwise illiquid alternative assets.

Beneficient

Nasdaq:BENF

BENF Rankings

BENF Stock Data

5.06M
4.38M
34.06%
32.24%
1.86%
Asset Management
Finance Services
Link
United States of America
DALLAS