Recent Updates — BENFW

Beneficient issued two $2.0 million promissory notes to YA II PN, Ltd., receiving approximately $1.8 million in gross proceeds from each after a 5% original issue discount. The notes mature on June 30, 2027, bear interest at 5.0% per annum, and are convertible into Class A common stock at the holder's option. This issuance is part of an amended Standby Equity Purchase Agreement that allows the company to sell up to $100.0 million in equity or debt financing. Beneficient operates in the technology sector.

On July 10, 2026, Beneficient funded the closing of a primary capital transaction involving a $7.44 million net asset value investment fund interest. In exchange for the interest, a customer received 744,455 shares of Series B-11 Resettable Convertible Preferred Stock, which is convertible into Class A Common Stock at an initial conversion price of $3.6514 per share. Beneficient is a technology company providing software solutions for the financial services industry.