Welcome to our dedicated page for Beneficient-A news (Ticker: BENF), a resource for investors and traders seeking the latest updates and insights on Beneficient-A stock.
Beneficient (Nasdaq: BENF) regularly issues news and updates as a technology-enabled platform focused on liquidity, primary capital solutions, and related trust and custody services for holders of alternative assets. Company announcements frequently emphasize its mission to democratize the global alternative asset investment market for mid-to-high net worth individuals, small-to-midsized institutions, and general partners seeking exit options and anchor commitments for their funds.
News about Beneficient often covers earnings and financial results, including quarterly updates on its Ben Liquidity and Ben Custody segments, loan portfolio performance, operating expenses, and capital and liquidity position. These releases describe how the company’s ExAlt loan portfolio is collateralized by a diversified set of alternative assets and how its OptimumAlt technologies guide its balance sheet strategy.
Investors following BENF can also expect corporate governance and regulatory updates, such as changes in board leadership, reverse stock split decisions, and detailed disclosures about the company’s efforts to comply with Nasdaq listing requirements, including bid price, periodic filing, and market value of listed securities criteria. The company has reported regaining compliance with several of these requirements over time.
Another recurring theme in Beneficient’s news is its TEFFI-related activity in Kansas, where its Kansas-chartered fiduciary financial institution contributes to the Kansas TEFFI Economic Growth Trust. Press releases describe how proceeds from TEFFI-financed assets help fund SEED grants that support rural economic development projects in small Kansas communities.
By reviewing Beneficient news on this page, readers can track developments in its alternative asset financing programs, GP primary capital transactions, regulatory milestones, and community-focused initiatives connected to its TEFFI charter.
Beneficient (NASDAQ: BENF), a technology-enabled financial services holding company, has announced its participation in the Sidoti Micro-Cap Virtual Conference on August 14-15, 2024. The company, which provides liquidity and related services for alternative asset holders, will present on Thursday, August 15, 2024, at 2:30 p.m. EDT.
Investors can register for the conference and Beneficient's presentation through provided links. Additionally, conference participants can request one-on-one meetings with the company via their Sidoti representative or by contacting Beneficient's investor relations directly at investors@beneficient.com.
Beneficient (NASDAQ: BENF), a technology-enabled financial services holding company, has announced the release of its First Quarter Fiscal 2025 financial results. The company, which provides liquidity, primary capital solutions, and related trust and custody services for alternative asset holders, will disclose its earnings after market close on Wednesday, August 14, 2024. Following the release, Beneficient will host a webcast at 4:30 p.m. EDT to present the results. Investors and interested parties can access the webcast through the company's investor relations website at shareholders.trustben.com. Attendees are advised to register at least ten minutes before the scheduled start time. For those unable to attend live, a replay of the webcast will be made available on the company's website shortly after the presentation.
Beneficient (NASDAQ: BENF) has entered into a $4 million private placement agreement with YA II PN, (Yorkville). The deal involves issuing convertible debentures and warrants to purchase up to 1,325,382 shares of BENF's Class A common stock at $2.63 per share. Initially, $2 million in debentures and warrants for 662,691 shares were issued, with the remainder to follow after SEC registration.
The convertible debentures mature on February 6, 2025, carry no interest (unless in default), and can be redeemed early at a premium. They're issued at a 10% discount. BENF plans to use the proceeds for general corporate purposes. This at-the-market offering under Nasdaq rules provides BENF with additional capital while offering Yorkville potential equity participation.
Beneficient (NASDAQ: BENF), a technology-enabled platform offering solutions for alternative asset holders, has joined the B2i Digital family of featured companies. This partnership aims to increase awareness of Beneficient's unique position in the financial services sector and its mission to democratize the global alternative asset investment market.
B2i Digital will leverage its targeted marketing expertise to highlight Beneficient's offerings, which include exit option solutions, primary capital solutions, and related trust and custody services. This collaboration is expected to enhance Beneficient's visibility and potentially attract more investors and clients interested in alternative asset management solutions.
Beneficient (NASDAQ: BENF) reported its financial results for the fiscal year ending March 31, 2024. Key highlights include substantial growth in their GP Preferred Liquidity Provider Program, now encompassing 20 funds and $1.5 billion in committed capital. However, the company faced significant financial setbacks, including an operating loss of $1.8 billion for the year and a 33.8% decline in investments. Operating expenses increased to $151.9 million in Q4, driven by a non-cash goodwill impairment of $68.1 million and a recognized loss contingency of $55 million. Revenue for Ben Custody and Ben Liquidity segments also declined. Despite challenges, the company plans to expand its Preferred Liquidity Provider Program and launch new products to drive growth in fiscal 2025.
Beneficient (NASDAQ: BENF) announced the rescheduling of its Fourth Quarter and Full Year Fiscal 2024 earnings release and webcast. The financial results will be disclosed before market open on July 9, 2024, with a webcast presentation scheduled for the same day at 8:30 a.m. EDT. Investors can access the webcast by visiting the Beneficient investor relations website. A replay will be available post-presentation.
Beneficient (NASDAQ: BENF), a financial services company specializing in liquidity and trust services for alternative assets, announced the conclusion of an SEC investigation without any enforcement recommendations. The investigation had been prompted by Wells Notices issued to the company and its CEO, Brad Heppner. With the investigation now closed, Beneficient is delaying its Annual Report for the fiscal year ending March 31, 2024, to update it with the latest information. The company has also postponed its earnings webcast and earnings release scheduled for July 2, 2024, and will announce a new date soon.
Beneficient (NASDAQ: BENF), a technology-enabled platform offering exit opportunities and related services for alternative asset holders via its AltAccess platform, has announced the release of its Fourth Quarter and Full Year Fiscal 2024 financial results. The results will be available before market open on July 2, 2024. Additionally, Beneficient will host a webcast to discuss the financial performance on the same day at 8:30 am EDT. Interested parties can register on the company's investor relations website. A replay of the webcast will be accessible afterwards.
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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