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Beneficient Subsidiary Adds $126 Million Permanent Equity
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Beneficient Subsidiary Adds $126 Million Permanent Equity
Oct 4, 2024 5:26 AM

07:46 AM EDT, 10/04/2024 (MT Newswires) -- Beneficient (BENF) said Friday its subsidiary Beneficient Company Holdings consummated a transaction to convert $126 million of its preferred equity into permanent equity, which is expected to reflect on its balance sheet as of Sept. 30.

Shares of the company rose 42% in recent Friday premarket activity.

Price: 1.6900, Change: +0.50, Percent Change: +42.02

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