Beneficient terminates forward purchase deal, boosts authorized shares to 5B

Beneficient

Terminated Forward Purchase Agreement with RiverNorth; ~23,651 unsold Class A shares returned to company.
Stockholders approved amendment increasing authorized Class A common stock from 18.75M to 5B.
Special Meeting on Oct 2, 2024 had 55.01% voting power represented; Proposal 1 passed with 3,603,437 for and 32,277 against.
Class B common stockholders also approved the amendment by written consent before the meeting.
No other matters were voted on at the special meeting.

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