Beneficient announced a 1-for-8 reverse stock split of its Class A and Class B common stock to regain compliance with Nasdaq's minimum bid price requirement.
The reverse stock split will take effect on December 15, 2025, with Beneficient's Class A Common Stock trading on a split-adjusted basis under the symbol 'BENF'.
The purpose of the reverse stock split is to reduce the number of outstanding shares to meet the Nasdaq listing standards.
Reverse Stock Split
Beneficient approved a 1-for-8 reverse stock split to comply with Nasdaq's minimum bid price requirement.
Trading Impact
Class A Common Stock will continue trading under the symbol 'BENF' on a split-adjusted basis.
Compliance Strategy
The reverse stock split aims to enable Beneficient to meet the minimum bid price for continued listing on Nasdaq.
- The reverse stock split will combine every eight shares of common stock into one share, reducing the number of outstanding shares significantly.
- Beneficient expects to reduce the issued and outstanding Class A Common Stock and Class B Common Stock post-split.
- Additional details about the reverse stock split are available in Beneficient's definitive proxy statement on Schedule 14A filed with the SEC on November 6, 2025.
Beneficient's reverse stock split demonstrates its commitment to meeting regulatory requirements and maintaining its listing on Nasdaq. The strategic move aims to streamline the company's share structure and enhance shareholder value.