Beneficient CEO/Chairman Brad Heppner resigns amid audit interview dispute

Beneficient

Brad Heppner resigned as CEO and director effective June 19, 2025, after refusing a formal interview about documents provided to auditors in 2019.
Resignation follows request from Audit Committee; Heppner's counsel alleges company threatened 8-K to pressure concessions.
Heppner rejected proposals including conversion of preferred shares held by BHI to meet Nasdaq equity requirements.
Heppner stated only viable course for company is orderly wind down of operations.

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