PRESS RELEASE
DALLAS – August 22, 2023 – Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced the successful completion of System and Organization Controls (“SOC”) certifications.
PRESS RELEASE
DALLAS – August 22, 2023 – Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced the successful completion of System and Organization Controls (“SOC”) certifications.
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”).
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
PRESS RELEASE
DALLAS, June 08, 2023 – Today, Beneficient begins trading publicly on Nasdaq under the ticker BENF after closing financing on over $1.1B in exit opportunities in alternative assets.
PRESS RELEASE
DALLAS and SAN FRANCISCO, April 05, 2023 — Avalon Acquisition Inc. announces that Beneficient has met the deposit threshold to extend the period of time needed to consummate the initial business combination by three months.
TEAM UPDATES
Former Federal Reserve presidents and Beneficient Board of Directors members provide insights into the process the Fed uses to determine interest rates and guide the economy.
PRESS RELEASE
DALLAS, Dec. 28, 2022 (BUSINESS WIRE) – $2.7 million contributed through Beneficient’s operations under TEFFI program has been distributed by Kansas Department of Commerce to fund broad array of quality of life enhancing services in rural communities.
TEFFI
Thanks to the TEFFI Act, which Beneficient championed in Kansas last year, a new grocery store is coming to Hesston, KS paid for by funds generated from TEFFI operations.
TEFFI
The TEFFI Act is a first-of-its-kind regulatory framework enabling companies to provide liquidity for alternative assets. Brad Heppner explains how it works and the economic benefits local Kansas communities can expect from Beneficient’s operations and wider industry adoption.