---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-027152"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:31:54.205856+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Beneficient announces 1-for-8 reverse stock split effective Dec 15 to regain Nasdaq compliance

## Summary
- 1-for-8 reverse stock split of Class A and Class B common stock effective December 15, 2025.
- Authorized shares reduced: Class A from 5B to 625M, Class B from 250K to 31,250.
- Outstanding shares expected to decrease from ~111M to ~13.8M (Class A) and ~239K to ~29.9K (Class B).
- No fractional shares; stockholders receive an additional share instead of a fractional share.
- Split intended to regain compliance with Nasdaq minimum bid price requirement.

## SEC filing metadata
- accession: 0001493152-25-027152
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000149315225027152/0001493152-25-027152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000149315225027152/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-027152
- JSON: https://secwatch.observer/filing/0001493152-25-027152.json
- Plain text: https://secwatch.observer/filing/0001493152-25-027152.txt

## Key facts
- Governance Changes
  Beneficient: Approved a 1-for-8 reverse stock split and proportionate reduction in authorized shares of Class A and Class B common stock, effective December 15, 2025 (effective 2025-12-15).
  - Change: charter amendment
  - Effective: 2025-12-15
  source text: On December 10, 2025, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect the Reverse Stock Split at a ratio of 1-for-8 and a simultaneous proportionate reduction in the authorized shares of each class of Common Stock. The Reverse Stock Split is expected to become effective at 12:01 a.m. Eastern Time on December 15, 2025 (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000149315225027152/0001493152-25-027152-index.htm

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