Beneficient Closes $38 Million Liquidity Transaction with Customer

Beneficient Closes $38 Million Liquidity Transaction with Customer

PRESS RELEASE
DALLAS— August 2, 2023 —Beneficient (NASDAQ: BENF) (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”).

Ben Launches Enhance AltAccess Platform

Beneficient, Founded by Alternative Asset Industry Pioneer Brad Heppner, Publicly Launches its AltAccess® Digitized Custody & Liquidity Platform

PRESS RELEASE
DALLAS, July 17, 2023 – New Public Access to Online Platform Provides Range of Digital Custody and Liquidity Solutions for Holders of Alternative Assets Seeking Secure, Rapid and Cost-Effective Early Exits.Company Also Launches AltQuote™ as Part of AltAccess® Online Platform, a Complete Web-based Tool for Rapid Liquidity Pricing of Illiquid Alternative Assets

The Beneficient Company Group, a Leading Technology-Enabled Provider of Liquidity and Related Services to Investors in Alternative Assets, to Go Public via Combination with Avalon Acquisition Inc.

PRESS RELEASE
DALLAS and SAN FRANCISCO, Oct. 03, 2022 — The Beneficient Company Group, L.P. and Avalon Acquisition Inc. today announced that Beneficient has delivered to Avalon its audited financials for calendar years 2020 and 2021, along with the transition period ended March 31, 2022, to Avalon.