---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-097050"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:20:39.894197+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Beneficient to effect 1-for-80 reverse stock split on April 18 to regain Nasdaq compliance

## Summary
- Reverse stock split at ratio 1-for-80 effective April 18, 2024; Nasdaq minimum bid price compliance goal.
- Authorized shares reduced: Class A from 1.5B to 18.75M, Class B from 20M to 250K.
- Outstanding shares expected to decrease from ~287.9M to ~3.6M post-split.
- Trading symbol BENF unchanged; new CUSIP 08178Q309; fractional shares rounded up to full share.

## SEC filing metadata
- accession: 0001193125-24-097050
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/0001193125-24-097050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/d774956d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-097050
- JSON: https://secwatch.observer/filing/0001193125-24-097050.json
- Plain text: https://secwatch.observer/filing/0001193125-24-097050.txt

## Key facts
- Governance Changes
  Beneficient: Reverse stock split at ratio of 1-for-80 and proportionate reduction in authorized shares via Certificate of Change (effective 2024-04-18).
  - Change: charter amendment
  - Effective: 2024-04-18
  source text: On April 15, 2024, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect the Reverse Stock Split at a ratio of 1-for-80 and a simultaneous proportionate reduction in the authorized shares of each class of Common Stock. The Reverse Stock Split is expected to become effective at 12:01 a.m. Eastern Time on April 18, 2024 (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/0001193125-24-097050-index.htm

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