Beneficient (BENF) announced that the company was notified by Nasdaq that, due to its continued non-compliance with the minimum $1.00 bid price requirement and the delay in the filing of the company’s annual report for the fiscal year ended March 31 with the SEC. The company plans to timely request a hearing and a stay of any suspension action by Nasdaq at least pending the ultimate outcome of the hearing process and the expiration of any extension period that may be granted to the company following the hearing.
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