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Beneficient ( (BENF) ) just unveiled an announcement.
Beneficient has entered into a Master Agreement with entities controlled by its founder and CEO, Brad Heppner, to enhance shareholder value and drive long-term growth. The agreement allows public company stockholders to share in liquidation priorities, expected to create tangible book value for them. The transactions are anticipated to align the interests of preferred equity holders with public stockholders and facilitate closing future liquidity transactions. The Company expects the tangible book value to increase significantly and plans to begin closing additional transactions in the first quarter of 2025.
More about Beneficient
Beneficient is a technology-enabled platform providing exit opportunities and primary capital solutions as well as related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess.
YTD Price Performance: -98.45%
Average Trading Volume: 3,837,647
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.07M
See more data about BENF stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
