---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-287454"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:27:43.687989+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beneficient receives Nasdaq notice of non-compliance with $1.00 bid price requirement

## Summary
- Received Nasdaq deficiency notice on Nov 28, 2023; 180-day cure period until May 28, 2024.
- Closing bid price of Class A common stock (BENF) below $1.00 for 30 consecutive business days.
- Company evaluating options including reverse stock split to regain compliance.
- Stock continues trading on Nasdaq Global Market under symbol BENF during cure period.

## SEC filing metadata
- accession: 0001193125-23-287454
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000119312523287454/0001193125-23-287454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000119312523287454/d541329d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-287454
- JSON: https://secwatch.observer/filing/0001193125-23-287454.json
- Plain text: https://secwatch.observer/filing/0001193125-23-287454.txt

## Key facts
- Listing & Compliance Notices
  Beneficient received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: November 28, 2023, Beneficient (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the previous 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.001 per share (the “Class A Common Stock”), had been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Notice has no effect at this time on the Class A Comm
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312523287454/0001193125-23-287454-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.