Beneficient (BENF): Nasdaq/NYSE listing notice — Beneficient receives Nasdaq delisting notice for negative stockholders' equity of $34.9M

Beneficient

Nasdaq notified Beneficient on Oct 3, 2025 of non-compliance with Listing Rule 5550(b)(1) due to stockholders' equity of ($34,925,000) as of March 31, 2025.
Company already faces outstanding delisting risks for late 10-Q filing (Rule 5250(c)(1)) and bid price below $1 (Rule 5550(a)(2)).
A Nasdaq hearing panel considered the company's compliance plan on August 26, 2025; new equity deficiency will factor in that decision.
Beneficient plans to file its June 30, 2025 10-Q and seek stockholder approval for a reverse stock split to regain bid price compliance.
No assurance the company can timely regain compliance with all Nasdaq listing criteria.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Beneficient received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

October 3, 2025, Beneficient (the “Company”) was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that because the Company’s Form 10-K for the fiscal year ended March 31, 2025 reported a stockholders’ equity of ($34,925,000), the Company was in non-compliance with the minimum stockholders’ equity requirement set forth in Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”), which could also serve as a separate and additional basis for delisting in addition to the matters described below (such letter, the “Additional Determination Le

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Beneficient filing history →

Source: SEC EDGAR

accession 0001493152-25-017597

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