Beneficient ( (BENF) ) just unveiled an update.
On April 4, 2025, Beneficient closed a $9.6 million primary capital transaction with Pulse Pioneer Fund, LP, marking its first GP Primary transaction of the fiscal year. This transaction, involving the issuance of Series B-6 Resettable Convertible Preferred Stock, is expected to enhance the collateral for Beneficient’s ExAlt loan portfolio by approximately $9.6 million. The company believes this move will drive shareholder value and support its strategic vision and growth objectives, as it continues to address the significant demand for primary commitments in the alternative asset market.
More about Beneficient
Beneficient, listed on Nasdaq as BENF, is a technology-enabled platform that provides exit opportunities and primary capital solutions, along with related trust and custody services, to holders of alternative assets through its proprietary online platform, AltAccess. The company aims to democratize the global alternative asset investment market by offering solutions to mid-to-high net worth individuals, small-to-midsized institutions, and General Partners seeking exit options and anchor commitments.
YTD Price Performance: -55.38%
Average Trading Volume: 463,762
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.77M
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