---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-025249"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2025-08-22T23:59:59+00:00"
generated_at: "2026-05-17T10:37:28.469193+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Beneficient receives additional Nasdaq delisting notice for late Q1 10-Q filing

## Summary
- Nasdaq notified Beneficient on August 18, 2025 of non-compliance with Listing Rule 5250(c)(1) for delayed Q1 FY2026 10-Q filing.
- This is an additional basis for delisting; the company already faces delisting for bid price <$1.00 and late annual report (10-K).
- A hearing before the Nasdaq Hearings Panel has been requested; no assurance of continued listing.
- Company's Class A common stock (BENF) and warrants (BENFW) trade on Nasdaq Capital Market.

## SEC filing metadata
- accession: 0001641172-25-025249
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2025-08-22T23:59:59+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/1775734/000164117225025249/0001641172-25-025249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000164117225025249/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-025249
- JSON: https://secwatch.observer/filing/0001641172-25-025249.json
- Plain text: https://secwatch.observer/filing/0001641172-25-025249.txt

## Key facts
- Listing & Compliance Notices
  Beneficient received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: August 18, 2025, Beneficient (the “Company”) was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that because the Company had not yet filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 with the Securities and Exchange Commission (the “SEC”), the Company was in non-compliance with the periodic reporting requirement set forth in Nasdaq Listing Rule 5250(c)(1) (the “Filing Requirement”), which could also serve as a separate and additional basis for delisting in addition to the issues described below (such letter, the “Additional
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000164117225025249/0001641172-25-025249-index.htm
- Listing & Compliance Notices
  Beneficient received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: January 17, 2025, the Company received a letter (the “January 2025 Notice”) from Nasdaq stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”) because the bid price for the Company’s Class A common stock had closed below the $1.00 per share minimum threshold required for continued listing on The Nasdaq Capital Market for the previous 30 consecutive business days. The January 2025 Notice provided the Company a 180-calendar day period to regain compliance with the Bid Price Requirement, through July 14, 2025. As also previously disclosed
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000164117225025249/0001641172-25-025249-index.htm

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