Beneficient Share Structure Overhaul and Agreement Termination

Beneficient ( (BENF) ) has shared an announcement.

Beneficient terminated a Forward Purchase Agreement with RiverNorth, resulting in the return of unsold shares to the company. Following this, Beneficient increased its authorized Class A common stock from 18.75 million to 5 billion shares, a change overwhelmingly supported by stockholders in a special meeting. Both the increase in shares and the potential adjournment of the meeting for further voting, if necessary, were approved, with no other issues addressed during the session.

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