---
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"
generated_at: "2026-05-18T05:48:47.291520+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Beneficient receives Nasdaq delisting notice for bid price non-compliance and delinquent 10-K

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-020277
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2025-07-18T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-020277
- JSON: https://secwatch.observer/filing/0001641172-25-020277.json
- Plain text: https://secwatch.observer/filing/0001641172-25-020277.txt

## Key facts
- Listing & Compliance Notices
  Beneficient received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1775734/000164117225020277/0001641172-25-020277-index.htm
- Listing & Compliance Notices
  Beneficient received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1775734/000164117225020277/0001641172-25-020277-index.htm

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