Beneficial Ownership Report · SCHEDULE 13G/A
Beneficient
BENFNASDAQEQUITYCurrent
Beneficial Ownership Report
Structured filing — SCHEDULE 13G/A
primary_doc.xml
Amendment · This filing reports the amendment as submitted.
Subject company
- Company
- Beneficient
- Company CIK
- 0001775734
- Street
- 325 N. Saint Paul Street
- Street (continued)
- Suite 4850
- City
- Dallas
- State / country code
- TX
- Postal code
- 75201
Statement details
- Amendment number
- 2
- Security class
- Class A Common Stock, par value $0.001
- Event date
- 09/30/2026
- Rule designation
- Rule 13d-1(c)
Reporting person 1
- Name
- YA II PN, Ltd.
- Citizenship / organization
- E9
- Reporting person type
- OO
- Group designation
- a
- Aggregate amount owned
- 0.00
- Percent of class
- 0
- Sole voting power
- 0.00
- Shared voting power
- 0.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 0.00
- Aggregate excludes certain shares
- N
Reporting person 2
- Name
- YA Global Investments II (U.S.), LP
- Citizenship / organization
- DE
- Reporting person type
- OO
- Group designation
- a
- Aggregate amount owned
- 0.00
- Percent of class
- 0
- Sole voting power
- 0.00
- Shared voting power
- 0.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 0.00
- Aggregate excludes certain shares
- N
Reporting person 3
- Name
- Yorkville Advisors Global, LP
- Citizenship / organization
- DE
- Reporting person type
- OO
- Group designation
- a
- Aggregate amount owned
- 0.00
- Percent of class
- 0
- Sole voting power
- 0.00
- Shared voting power
- 0.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 0.00
- Aggregate excludes certain shares
- N
Reporting person 4
- Name
- Yorkville Advisors Global II, LLC
- Citizenship / organization
- DE
- Reporting person type
- OO
- Group designation
- a
- Aggregate amount owned
- 0.00
- Percent of class
- 0
- Sole voting power
- 0.00
- Shared voting power
- 0.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 0.00
- Aggregate excludes certain shares
- N
Reporting person 5
- Name
- YAII GP, LP
- Citizenship / organization
- DE
- Reporting person type
- OO
- Group designation
- a
- Aggregate amount owned
- 0.00
- Percent of class
- 0
- Sole voting power
- 0.00
- Shared voting power
- 0.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 0.00
- Aggregate excludes certain shares
- N
Reporting person 6
- Name
- YAII GP II, LLC
- Citizenship / organization
- DE
- Reporting person type
- OO
- Group designation
- a
- Aggregate amount owned
- 0.00
- Percent of class
- 0
- Sole voting power
- 0.00
- Shared voting power
- 0.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 0.00
- Aggregate excludes certain shares
- N
Reporting person 7
- Name
- Mark Angelo
- Citizenship / organization
- NJ
- Reporting person type
- OO
- Group designation
- a
- Aggregate amount owned
- 0.00
- Percent of class
- 0
- Sole voting power
- 0.00
- Shared voting power
- 0.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 0.00
- Aggregate excludes certain shares
- N
Item 1
Issuer
Beneficient
Principal executive office address
325 N. Saint Paul Street, Suite 4850, Dallas, TX 75201
Item 2
Citizenship
Cayman Islands
Filing person
YA II PN, Ltd.
Principal business or residence address
1012 Springfield Ave., Mountainside, NJ 07092
Item 3
Not applicable indication
N
Type of filing person
OO
Item 4
Percent of class
0
Amount beneficially owned
0
Sole voting power
0
Shared voting power
0
Sole dispositive power
0
Shared dispositive power
0
Item 5
Not applicable indication
N
Ownership of 5% or less
Y
Item 6
Not applicable indication
Y
Item 7
Not applicable indication
Y
Item 8
Not applicable indication
N
Group members
YA II is beneficially owned by YA Global Investments II (U.S.), LP (the "YA Feeder"). Yorkville Advisors Global, LP (the "YA Advisor") is the investment manager to YA II. Yorkville Advisors Global II, LLC (the "YA Advisor GP") is the general partner to the YA Advisor. YAII GP, LP (the "YA GP") is the general partner to the YA Feeder. YAII GP II, LLC (the "Yorkville GP") is the general partner to the YA GP. Mark Angelo makes the investment decisions on behalf of YA II. Accordingly, each of YA II, YA Feeder, the YA Advisor, the YA Advisor GP, the YA GP, the Yorkville GP and Mark Angelo may be deemed affiliates and therefore may be deemed to beneficially own the same number of Class A Shares. YAII GP, LP is the general partner of SC-Sigma Global Partners, LP ("SC-Sigma"), which is an investor in YA II. YAII GP II, LLC is the general partner of YAII GP, LP. The YA Advisor is the investment manager to SC-Sigma. Accordingly, SC-Sigma, the YA GP, the Yorkville GP, the YA Advisor, and Mark Angelo may be deemed affiliates and therefore may be deemed to beneficially own the same number of shares of Class A Shares. For purposes of this filing, each of the reporting persons is deemed an affiliate of each other reporting person.
Item 9
Not applicable indication
Y
Item 10
Not applicable indication
N
Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
Signature 1
- Reporting person
- YA II PN, Ltd.
- Signed
- /s/ David Gonzalez
- Title
- David Gonzalez, General Counsel
- Date
- 10/05/2026
Signature 2
- Reporting person
- YA Global Investments II (U.S.), LP
- Signed
- /s/ David Gonzalez
- Title
- David Gonzalez, General Counsel
- Date
- 10/05/2026
Signature 3
- Reporting person
- Yorkville Advisors Global, LP
- Signed
- /s/ David Gonzalez
- Title
- David Gonzalez, General Counsel
- Date
- 10/05/2026
Signature 4
- Reporting person
- Yorkville Advisors Global II, LLC
- Signed
- /s/ David Gonzalez
- Title
- David Gonzalez, General Counsel
- Date
- 10/05/2026
Signature 5
- Reporting person
- YAII GP, LP
- Signed
- /s/ David Gonzalez
- Title
- David Gonzalez, General Counsel
- Date
- 10/05/2026
Signature 6
- Reporting person
- YAII GP II, LLC
- Signed
- /s/ David Gonzalez
- Title
- David Gonzalez, General Counsel
- Date
- 10/05/2026
Signature 7
- Reporting person
- Mark Angelo
- Signed
- /s/ Mark Angelo
- Title
- Mark Angelo
- Date
- 10/05/2026
Company context
We are a technology-enabled financial services company that provides simple, rapid, and cost-effective liquidity solutions and related trustee, custody and trust administrative services to participants in the alternative asset industry. Through our business line operating subsidiaries (each a “Ben Business Unit” and collectively, the “Ben Business Units”), Ben Liquidity, Ben Custody, and Ben Markets (each as defined below), we seek to provide solutions in the alternative asset investment market for individual and institutional investors, general partners and sponsors (“GPs”) and the alternative asset funds they manage (“Customers”). Following receipt of regulatory approval, our Ben Business Units are expected to include an additional business line, Ben Insurance Services. Our products and services are designed to meet the unmet needs of mid-to-high net worth (“MHNW”) individual investors, small-to-midsize institutional (“STMI”) investors, family offices (“FAMOs”) and GPs, which collectively are our Customers.