Beneficient appoints Mack Hicks to board; settles $1.66M credit liability with equity and deferred cash

Beneficient

Mack Hicks appointed to board effective March 10, 2026; CEO of Hicks Holdings, a family office.
Credit agreement amended: $1.66M interest/fees settled via 149,904 shares of Class A stock ($572,588) and deferred cash of $94,365 (due 3/31/26) and $1M (due 9/30/26).
Principal of $27.5M under the credit agreement had been repaid in full earlier in 2026.
HH-BDH (affiliate of Hicks) holds 11.7M shares of Class A and related partnership interests; piggyback registration rights granted for the new shares.

item 1.01 item 3.02 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Beneficient amended Letter Agreement with HH-BDH, LLC valued at $1.66 million (effective 2026-03-10).

Action: amendment
Agreement: credit facility
Counterparty: HH-BDH, LLC
Value: $1.66 million
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, HH-BDH and the Loan Parties entered into that certain Letter Agreement (the “Letter Agreement”), pursuant to which the Credit Agreement was amended to provide for the payment of the remaining $1.66 million in interest and fees outstanding under the Credit Agreement.

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Beneficient filing history →

Source: SEC EDGAR

accession 0001493152-26-009772

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