---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-048880"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:21:00.946072+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Beneficient agrees to acquire Mercantile Bank International for $1.5M in stock/cash

## Summary
- Purchase price of $1.5M payable in up to 2.1M shares of Class A common stock and cash.
- Mercantile Bank is a Puerto Rico IFE licensed to offer custody, clearing, and digital services.
- Acquisition positions Ben to expand alternative asset custody services to large institutions, ATS, and foreign exchanges.
- Companion custody/depositary receipt business expected to generate fee revenue and cash flow in 2025.
- Closing subject to OCIF approval, anticipated in Q2 2025.

## SEC filing metadata
- accession: 0001493152-24-048880
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000149315224048880/0001493152-24-048880-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000149315224048880/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-048880
- JSON: https://secwatch.observer/filing/0001493152-24-048880.json
- Plain text: https://secwatch.observer/filing/0001493152-24-048880.txt

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