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An update from Beneficient ( (BENF) ) is now available.
Beneficient, a Nevada corporation, has reached an agreement to acquire Mercantile Bank International Corp., a Puerto Rico-based International Financial Entity, for $1.5 million. This acquisition aims to enhance Beneficient’s alternative asset custody services by integrating Mercantile Bank’s operations, potentially expanding their offerings to include international opportunities and higher fee assessments. The transaction is expected to close by the second quarter of 2025, pending regulatory approval, and could significantly bolster Beneficient’s revenue and service capabilities for institutional investors.
Learn more about BENF stock on TipRanks’ Stock Analysis page.