Articles from Beneficient

DALLAS, July 01, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQBENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and related trust and custody services to holders of alternative assets through its proprietary online platform, AltAccess, announced that it will release its Fourth Quarter and Full Year Fiscal 2024 financial results before market open on Tuesday, July 2, 2024. Beneficient will host a webcast to present the results on Tuesday, July 2, 2024 at 8:30 am Eastern Daylight Time.

DALLAS, May 03, 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 through its proprietary online platform, AltAccess, today announced that it has received notice from The Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The notice confirmed that the Company’s securities will continue to be listed and traded on Nasdaq.

DALLAS, April 22, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF), a technology-enabled platform providing liquidity, primary capital, and related trust and custody services to holders of alternative assets through its proprietary online platform, AltAccess, issued the following statement in response to a complaint filed on April 19, 2024 by the trustee of the GWG Litigation Trust (“Litigation Trustee”):

DALLAS, April 16, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets through its proprietary online platform, AltAccess, today announced a 1-for-80 reverse stock split (the “Reverse Stock Split”) of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”), and its Class B common stock, par value $0.001 per share (“Class B Common Stock” and together with the Class A Common Stock, the “Common Stock”). The Reverse Stock Split was previously approved by Beneficient’s stockholders on March 21, 2024.

DALLAS, April 15, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF) (together with its affiliates, “Ben” or the “Company”), a technology-enabled platform focused on providing liquidity and related trust and custody services to holders of alternative assets through its proprietary online portal, AltAccess, today announced that it will present at the Planet MicroCap Showcase: VEGAS 2024 on Wednesday, May 1, 2024 at 2:00 p.m. Pacific Daylight Time. 

- Related liquidity transactions with three funds managed by ff Venture Capital, a leading investor in emerging industries, including fintech

Further Developed GP Solutions Program, Launched New Products/Service and Improved Operational Efficiencies and Financial Position

DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF) (the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced it has retained Darrow Associates to represent the Company as its investor relations (“IR”) advisor. In this capacity, Darrow Associates will support Beneficient as the primary contact with investors and will seek to increase awareness of the Company’s growth opportunities with the broader financial community.

DALLAS, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQBENF) (“Ben” or the “Company”), a technology-enabled financial services holding company that provides liquidity and related trust and custody services to holders of alternative assets, announced that it will release its Third Quarter fiscal 2024 financial results after market close on Tuesday, February 13, 2024. Beneficient will host a webcast to present the results on Tuesday, February 13, 2024, at 5:00 p.m. Eastern time.

– Closing of $2 Million Liquidity Financing Caps Nearly $10 Million Sourced from PLP Program –

DALLAS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Beneficient (NASDAQBENF) (“Ben” or the “Company”), a technology-enabled financial services holding company that provides liquidity and related trust and custody services to holders of alternative assets, today reported its financial results for second quarter fiscal 2024.

DALLAS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Beneficient (NASDAQBENF) (“Ben” or the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, announced that it will release its Second Quarter fiscal 2024 financial results after market close on Monday, November 13, 2023. Beneficient will host a webcast to present the results on Monday, November 13, 2023 at 5:00pm Eastern time.

- Enters into $25 Million Three-Year Term Loan with Hicks -- Financing Provides Capital to Meet Existing Obligations, Fund Product Distribution, and Provide Working Capital -

DALLAS, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Beneficient (NASDAQBENF) (“Ben” or the “Company”), a technology-enabled platform providing early exit opportunities and related trust and custody services to holders of alternative assets, announced that on Tuesday, September 19, 2023, at 4:30 p.m. EDT the Company will be hosting a webcast to discuss its compelling business fundamentals that contribute to its mission.

DALLAS, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Beneficient (NASDAQBENF) (“Ben” or the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, announced that on Tuesday, September 19, 2023, at 4:30 p.m. EDT the Company will be hosting a webcast to discuss its compelling business fundamentals that contribute to its mission.

 - Independent Examinations Confirm Beneficient Has Industry-Leading Cybersecurity and Data Protection Controls in Place -

DALLAS, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Beneficient (NASDAQBENF) (together with its affiliates, “Ben” or the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced that it has consummated the financing of a liquidity transaction for a customer with respect to multi-family real estate alternative assets with a net asset value (“NAV”) of approximately $38 million. Pursuant to the terms, Ben now holds a fiduciary loan with an initial principal balance of approximately $38 million to certain of the trusts of which its affiliate serves as trustee, which acquired alternative assets in exchange for 3,768,995 shares of Beneficient’s Series B-1 Resettable Convertible Preferred Stock at a price of $10.00 of NAV per share (the “Preferred Stock”).

Beneficient (NASDAQBENF) (“Ben” or the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced the public launch of AltAccess, which is its flagship platform that allows those holders to accelerate the monetization of otherwise illiquid holdings through a secure, rapid and cost-effective online process. Liquidity, the Ben® Way, means that investors can exit their alternative assets, based on their individual needs, through cash, equity or debt securities.

- Begins Trading on Nasdaq Today Under Ticker “BENF” -