secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0001193125-24-097050
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/0001193125-24-097050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000119312524097050/d774956d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-097050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer