Beneficient Files 8-K for Material Definitive Agreement
Ticker: BENFW · Form: 8-K · Filed: Dec 23, 2024 · CIK: 1775734
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
Beneficient signed a big deal on Dec 22nd, details TBD.
AI Summary
On December 22, 2024, Beneficient entered into a material definitive agreement. The filing does not provide specific details about the agreement or any associated dollar amounts. The company is incorporated in Nevada and its fiscal year ends on March 31.
Why It Matters
This filing indicates a significant new contract or partnership for Beneficient, which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the terms and financial implications introduces uncertainty.
Key Players & Entities
- Beneficient (company) — Registrant
- Nevada (jurisdiction) — State of Incorporation
- December 22, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Beneficient?
The filing states that Beneficient entered into a material definitive agreement on December 22, 2024, but does not provide specific details regarding its nature.
What is Beneficient's state of incorporation?
Beneficient is incorporated in Nevada.
When is Beneficient's fiscal year end?
Beneficient's fiscal year ends on March 31.
What is the SEC file number for Beneficient?
Beneficient's SEC file number is 001-41715.
What was the earliest event date reported in this 8-K filing?
The earliest event date reported in this 8-K filing is December 22, 2024.
Filing Stats: 4,274 words · 17 min read · ~14 pages · Grade level 17.9 · Accepted 2024-12-23 09:05:30
Key Financial Figures
- $0.001 — ares of Class A common stock, par value $0.001 per share BENF Nasdaq Stock Market
- $100 million — in an amount equal to 10% of the first $100 million distributed to equity holders of BCH an
- $5 billion — sset value (the "Closing NAV") of up to $5 billion of alternative assets added to the Comp
- $10 m — ts A-1 Unit Accounts in an amount up to $10 million, less the amount of any Condition
- $100 m — e "ExchangeTrust Transactions") exceeds $100 million, BHI would have the ability to co
- $400 million — would forego the right to receive up to $400 million of equity in BCH that is exchangeable i
- $5 million — or its affiliates in an amount equal to $5 million (the "Conditional Payment") if, on the
- $3 b — ctions and until the Closing NAV equals $3 billion, the Class B Holders will be enti
- $5.5 m — action with Hatteras in an amount up to $5.5 million, subject to certain adjustments.
Filing Documents
- form8-k.htm (8-K) — 86KB
- ex10-1.htm (EX-10.1) — 1113KB
- ex99-1.htm (EX-99.1) — 47KB
- 0001493152-24-051222.txt ( ) — 1668KB
- benf-20241222.xsd (EX-101.SCH) — 4KB
- benf-20241222_def.xml (EX-101.DEF) — 30KB
- benf-20241222_lab.xml (EX-101.LAB) — 37KB
- benf-20241222_pre.xml (EX-101.PRE) — 27KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BENEFICIENT By: /s/ Gregory W. Ezell Name: Gregory W. Ezell Title: Chief Financial Officer Dated: December 23, 2024