Core Viewpoint - Beneficient (NASDAQ: BENF) is set to release its Third Quarter Fiscal 2025 financial results on February 13, 2025, and will host a webcast to present these results [1]. Company Overview - Beneficient aims to democratize the global alternative asset investment market by providing solutions to traditionally underserved investors, including mid-to-high net worth individuals and small-to-midsized institutions [3]. - The company offers a proprietary online platform, AltAccess, which allows customers to explore opportunities and receive proposals securely [3]. - Beneficient's AltQuote™ tool provides customers with a range of potential exit options within minutes [3]. Regulatory Information - Beneficient Fiduciary Financial, L.L.C., a subsidiary of Beneficient, has received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight [4].

Core Viewpoint - Beneficient has successfully closed a $1.36 million primary capital commitment for 8F Fund, LP, marking its first GP Primary transaction since the announcement of its Public Stockholder Enhancement Transactions, which is expected to enhance shareholder value and support investment strategies in alternative assets [1][2]. Group 1: Financial Transactions - The financing of $1.36 million was exchanged for shares of Beneficient's Resettable Convertible Preferred Stock, which can be converted into Class A common stock [1]. - This transaction is anticipated to increase the collateral for the Company's ExAlt loan portfolio by approximately $1.36 million in alternative asset interests [1]. - Following the Public Stockholder Enhancement Transactions, the Company expects an addition of approximately $450,000 to its tangible book value, totaling around $10.23 million attributable to stockholders [2]. Group 2: Strategic Objectives - Beneficient's GP Primary Commitment Program aims to provide primary capital solutions and financing anchor commitments to general partners, addressing a potential demand of up to $330 billion for primary commitments [3]. - The management emphasizes the importance of innovative capital solutions for holders and managers of alternative assets, aiming to enhance the value of collateral backing the ExAlt loan portfolio [2]. Group 3: Company Overview - Beneficient is focused on democratizing the global alternative asset investment market, providing solutions for mid-to-high net worth individuals and small-to-midsized institutions [6]. - The Company operates its proprietary online platform, AltAccess, which offers various exit options and capital solutions for alternative asset holders [6].

Core Summary - Beneficient has entered into an agreement with entities controlled by its founder and CEO, Brad Heppner, to enhance shareholder value and drive long-term growth by allowing public company stockholders to share in the liquidation priority historically reserved for preferred equity holders [1] - The agreement is expected to increase the tangible book value attributable to public company stockholders from $0 to approximately $10 million as of September 30, 2024, and the company's market capitalization was $5,077,555 as of December 20, 2024 [2] - The company believes these changes will align the interests of preferred equity holders with public company stockholders, particularly in liquidity transactions, and expects to close additional ExchangeTrust transactions starting in Q1 2025 [2][3] Transaction Details - Public company stockholders will receive preferential treatment in the event of a liquidation, including 10% of the first $100 million distributed and 33.3333% of the net asset value of up to $5 billion of alternative assets added after December 22, 2024 [2] - The company will issue additional Class B common stock to current holders, maintaining their collective voting power at 42.67%, with restrictions on dividends and mandatory redemption at $0.001 per share under certain conditions [6] - The company's compensation policy will be amended to clarify allocations and issuances of Class S Ordinary Units to holders of FLP-1 and FLP-2 accounts, with certain restrictions on conversion rights [9] Financial Impact - The tangible book value attributable to public company stockholders is expected to increase to $9,932,000 pro forma, compared to $0 previously, based on the company's reconciliation of non-GAAP financial measures [15] - The company's market capitalization of Class A and Class B common stock was $5,078,000 as of December 20, 2024 [15] Customer Relations Initiative - Entities controlled by the company's founder and CEO, along with an affiliate, will forego up to $400 million of equity in Beneficient Holdings for the benefit of existing customers, with any unclaimed rights benefiting public company stockholders [4][5] Regulatory and Closing Conditions - The closing of the transactions is subject to approval by the company's stockholders, limited partners of Beneficient Holdings, and regulatory filings, with an expected completion in the first half of 2025 [11]

DALLAS, Dec. 23, 2024 (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, announced it has entered into an agreement (the "Agreement") with entities controlled by its founder and CEO, Brad Heppner, designed to enhance current and future shareholder value and drive long term growt ...

DALLAS, Dec. 05, 2024 (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, announced it has entered into an agreement to acquire Mercantile Bank International Corp. (“Mercantile Bank”), a Puerto Rico-based International Financial Entity (“IFE”), in exchange for an aggregate purc ...

DALLAS, Dec. 03, 2024 (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, is pleased to announce that it has been invited to present on the Emerging Growth Conference on Wednesday, December 4, 2024. The Company will host a webcast group presentation at 10:15 AM Eastern Time. I ...

DALLAS, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Beneficient (the “Company”) (Nasdaq: BENF), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced that it has received notice from The Nasdaq Stock Market LLC ("Nasdaq") that it has regained compliance with the Stockholders’ Equity Requirement under Nasdaq Listing Rule 5550(b)(1) and the Audit Committee Requirement under Nasdaq Listing Rule 5605(c)(2). As a result, the Company’s sec ...

DALLAS, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company announces that its subsidiary Beneficient Company Holdings, L.P. consummated a previously announced transaction pursuant to which approximately $35 million of its preferred equity was redesignated as non-redeemable, resulting in the addition of approximately $35 million of permanent equity on its balance sheet. As a result of the transaction, the Company beli ...

DALLAS, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company, today announced the appointment of Karen J. Wendel as an independent member of the Company’s Board of Directors as of November 21, 2024. In addition to being an independent director, she was appointed to serve on the Audit, Products and Related Party Transactions and Enterprise Risk committees of the Board. Ms. Wendel is the President and CEO of TrustChains, ...

DALLAS, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), whose subsidiary Beneficient Fiduciary Financial, L.L.C., is a Technology-Enabled Fiduciary Financial Institution (TEFFI) today provided an update to the State of Kansas Joint Committee on Fiduciary Financial Institutions Oversight about its business operations, the digital innovation occurring in the alternative asset industry and related economic development activity for the benefit of Kansas communities under t ...