Reestablishment of NASDAQ Compliance
Beneficient has regained compliance with NASDAQ listing rules, including periodic reporting requirements and market value of listed securities requirement. The plan includes a reverse stock split proposal to be voted on December 1, 2025.
Cost Reduction Achievements
Operating expenses reduced from $22.3 million to $15.1 million year-over-year for the second quarter. Legitimate third-party debt was reduced from $27 million in January to under $4 million.
Settlement of GWG Lawsuits
A settlement has been approved regarding GWG-related lawsuits, requiring no out-of-pocket payments by Beneficient and is within insurance limits.
Conversion of Preferred Units
Tom Hicks, Board Chair, converted approximately $53 million of preferred units into Class A common shares, showing confidence in the company's future.
Potential Market Opportunity
Jefferies study showed private market secondaries reached a record $103 billion in global transaction volumes, indicating a growing market for Beneficient's services.