Beneficient Adds $35 Million in Permanent Equity to Balance Sheet in Effort to Regain Nasdaq Compliance-March 2024-www.financetom.com

Beneficient Adds $35 Million in Permanent Equity to Balance Sheet in Effort to Regain Nasdaq Compliance

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Beneficient Adds $35 Million in Permanent Equity to Balance Sheet in Effort to Regain Nasdaq Compliance

Nov 22, 2024 5:23 AM

07:53 AM EST, 11/22/2024 (MT Newswires) -- Beneficient (BENF) said Friday it has added $35 million in permanent equity on its balance sheet after its subsidiary redesignated around $35 million of its preferred equity as non-redeemable.

Beneficient said it believes it now meets Nasdaq's minimum stockholders' equity requirement of at least $2.5 million, however, it is subject to Nasdaq's final determination.

The company shares were up over 13% in recent premarket trading.

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