Beneficient Files Proxy Statement for Special Meeting

TL;DR

BENF proxy filed - shareholders vote on company matters soon.

AI Summary

Beneficient (NASDAQ: BENF) filed a DEF 14A proxy statement on June 10, 2024, for its special meeting of stockholders. The filing details the company's governance and upcoming proposals for shareholder vote. No specific financial figures or executive compensation details are immediately apparent in this initial section of the filing.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda and proposals to be voted on at the special meeting, impacting the company's future direction and governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing detailing meeting information and governance, not indicating immediate financial distress or significant operational changes.

Key Players & Entities

• Beneficient (company) — Registrant
• NASDAQ: BENF (company) — Ticker Symbol
• 0001193125-24-157817 (filing_id) — Accession Number
• 20240610 (date) — Filing Date
• 20240620 (date) — Period of Report

FAQ

Key Financial Figures

• $0.001 — ompanys Class A common stock, par value $0.001 per share (Class A Common Stock), to YA

Filing Documents

• d827070ddef14a.htm (DEF 14A) — 181KB
• g827070g02g02.jpg (GRAPHIC) — 36KB
• g827070g84n85.jpg (GRAPHIC) — 1KB
• g827070snap10.jpg (GRAPHIC) — 2KB
• g827070snap12.jpg (GRAPHIC) — 1KB
• g827070snap2.jpg (GRAPHIC) — 2KB
• g827070snap3.jpg (GRAPHIC) — 1KB
• g827070snap4.jpg (GRAPHIC) — 2KB
• g827070snap5.jpg (GRAPHIC) — 1KB
• 0001193125-24-157817.txt ( ) — 244KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 13 REQUIREMENTS FOR ADVANCE NOTIFICATION OF NOMINATIONS AND STOCKHOLDER PROPOSALS 17 OTHER MATTERS 17 WHERE YOU CAN FIND ADDITIONAL INFORMATION 18

Forward-Looking Statements

Forward-Looking Statements This proxy statement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this proxy statement that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Companys ability to raise additional capital pursuant to its Standby Equity Purchase Agreement, by and between the Company and Yorkville, dated June 27, 2023 (the SEPA), our expectations regarding our issuing shares and obtaining financing under the SEPA generally, the potential dilutive effects of any future issuances pursuant to the SEPA, and the impact of any future issuances pursuant to the SEPA on prevailing market prices for our Class A Common Stock, par value $0.001 per share. These statements are based on managements current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Companys actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including that the Yorkville Share Issuance Proposal may not be approved by the Companys stockholders. For other important factors that could cause actual results to differ materially from the forward-looking statements in this proxy statement, please see the risks and uncertainties identified under the heading Risk Factors in our Annual Report on Form 10-K for the year ended March 31, 2023, as updated by the Companys Quarterly Reports on Form 10-Q, each of which is available on the Companys website at www.trustben.com and on the Securities and Exchange Commission (SEC) website at www.sec.gov. All forward-looking statements reflect the Companys beliefs and assumptions only as of the date of this proxy statement. The Company undertakes no obligation

View Full Filing

View this DEF 14A filing on SEC EDGAR