{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-020277","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.953372+00:00","generated_at":"2026-05-18T05:48:47.291520+00:00","sec_items":["3.01","7.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Beneficient receives Nasdaq delisting notice for bid price non-compliance and delinquent 10-K","bullets":["Nasdaq notified Beneficient on July 16, 2025 that securities are subject to delisting due to bid price below $1.00 for over 180 days and failure to file FY2025 10-K.","Company plans to request a hearing before the Nasdaq Hearings Panel and a stay of suspension pending the hearing outcome.","No assurance that the Panel will grant continued listing or any extension; delisting could follow.","The company's Class A common stock (BENF) and warrants (BENFW) trade on The Nasdaq Capital Market.","Annual Report for fiscal year ended March 31, 2025 remains unfiled, cited as a separate delisting basis."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-020277","json":"https://secwatch.observer/filing/0001641172-25-020277.json","markdown":"https://secwatch.observer/filing/0001641172-25-020277.md","text":"https://secwatch.observer/filing/0001641172-25-020277.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225020277/0001641172-25-020277-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225020277/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:48:47.291520+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"42c6da9892dfa9c3caa033ddcdada75ca800b8fa","claim":"Beneficient received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"ny has not yet filed its Annual Report on Form 10-K for the fiscal year ending March 31, 2025 with the Securities and Exchange Commission and, as such, the Determination Letter also notified the Company that its non-compliance with the periodic reporting requirement set forth in Nasdaq Listing Rule 5250(c)(1) (the “ Filing Requirement ”) could serve as a separate and additional basis for delisting. In addition to the Company’s request for a hearing before the Panel and in accordance with Nasdaq Listing Rule 5815(a)(1), the Company also plans to timely submit a request for a further extension o","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225020277/0001641172-25-020277-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"7c31a01ab4b5b2dd96c54341a7651380e18bb7c1","claim":"Beneficient received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"ny has not yet filed its Annual Report on Form 10-K for the fiscal year ending March 31, 2025 with the Securities and Exchange Commission and, as such, the Determination Letter also notified the Company that its non-compliance with the periodic reporting requirement set forth in Nasdaq Listing Rule 5250(c)(1) (the “ Filing Requirement ”) could serve as a separate and additional basis for delisting. In addition to the Company’s request for a hearing before the Panel and in accordance with Nasdaq Listing Rule 5815(a)(1), the Company also plans to timely submit a request for a further extension o","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000164117225020277/0001641172-25-020277-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Deficiency","value":"late filing"},{"label":"Rules","value":"5250(c)(1)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}