Beneficient closes $233K GP primary capital deal for Cork & Vines Fund I, issues Series B-7 convertible preferred

Beneficient

Closed GP primary capital transaction: acquired LP interest in Cork & Vines Fund I for $233,333 NAV, issued 23,333 Series B-7 Preferred shares.
Series B-7 Preferred convertible into Class A at $0.2979/share, subject to monthly reset (floor $0.2234) and 4.99% beneficial ownership limit.
Collateral backing ExAlt loan portfolio increased by ~$233,333; entered Preferred Liquidity Provider Program with the fund.
Expected to add ~$77,777 tangible book value (aggregate ~$10.54M) upon closing of previously announced Public Stockholder Enhancement Transactions.

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