Beneficient settles GWG litigation for insurance-funded cash; enters subscription agreement with Hatteras

Beneficient

Binding settlement of all GWG Litigation claims against Beneficient and its directors/officers, including CEO; no admission of liability.
Settlement amount paid entirely from applicable insurance policy limits; subject to court approval and other conditions.
Executed subscription agreement with Hatteras Master Fund for issuance of FLP-4 Unit Accounts as part of Master Agreement recapitalization.
Stockholder approval required to increase authorized Class B common shares and Nasdaq clearance for related issuances.
Other GWG-related claims against non-company entities remain; Beneficient will support defense of CEO-related entities.

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