M&A: Beneficient

Form Type: 8-K

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000149315224051222

Comments: On December 22, 2024, Beneficient entered into a Master Agreement involving several parties, including Beneficient Company Holdings, L.P. and Beneficient Holdings, Inc. This agreement allows the holders of preferred equity to amend governing documents for liquidation priority, enabling public stockholders to share in potential liquidation benefits. The agreement requires stockholder approval for charter amendments, including an increase in the number of authorized shares of Class B common stock. Additional modifications were made to the existing Compensation Policy and the introduction of new FLP-4 Unit Accounts for customer subscriptions. The execution of the Master Agreement was publicly announced in a press release on December 23, 2024, and is subject to various closing conditions including approvals from the Company’s stockholders and partners of BCH. Future offerings and transactions are contingent on the closing of this merger-like agreement, which aims to bolster the Company’s liquidity business and integrate alternative asset valuations into its structure.

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