Shares of Class A common stock, par value $0.001 per share
- Symbol
- BENF
- Exchange
- NASDAQ
- Classification
- COMMON
Current Report · Items 7.01, 9.01 · 8-K
Beneficient
BENFNASDAQEQUITYCurrent
Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On September 23, 2026, Beneficient (the “Company”) issued a press release announcing a strategy through which it will seek to eliminate both the fraudulent indebtedness asserted by HCLP Nominees, L.L.C. and the equity interests in Beneficient and its subsidiaries held by the Company’s former Chief Executive Officer, Brad Heppner, and his affiliated entities.…
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.
Current securities
Registered securities in this filing
Beneficient · 8-K · Filed 2026-09-23
Warrants, each whole warrant exercisable for one share of Class A common stock, par value $0.001 per share
- Symbol
- BENFW
- Exchange
- NASDAQ
- Classification
- WARRANT
Disclosure sections
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure.
On
September 23, 2026, Beneficient (the “Company”) issued a press release announcing a strategy through which it will seek to
eliminate both the fraudulent indebtedness asserted by HCLP Nominees, L.L.C. and the equity interests in Beneficient and its subsidiaries
held by the Company’s former Chief Executive Officer, Brad Heppner, and his affiliated entities. Through
the strategy, the Company also seeks to terminate all other remaining agreements with Heppner or his affiliated entities (“Heppner
Agreements”) and have all amounts purportedly owed to them by the Company or its subsidiaries under those agreements or otherwise
deemed void and unenforceable.
A
copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The
information in this Item 7.01 (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed”
for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set
forth in such filing.
Filed exhibits (1)
Exhibit 99.1 Beneficient Announces Strategy to Eliminate HCLP Debt and Heppner Equity Interests DALLAS, September 23, 2026 (GLOBE NEWSWIRE) - Beneficient (NASDAQ: BENF) (the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets, today announced that it has formulated and is implementing a comprehensive strategy intended to eliminate both the fraudulent indebtedness asserted by HCLP Nominees, L.L.C. (“HCLP”) and the equity interests in Beneficient and its subsidiaries held by the Company’s former Chief Executive Officer, Brad Heppner, and his affiliated entities (“Heppner Equity Interests”). Through the strategy, the Company also seeks to terminate all other remaining agreements with Heppner or his affiliated entities (“Heppner Agreements”) and have all amounts purportedly owed to them by Beneficient or its subsidiaries under those agreements or otherwise deemed void and unenforceable. The strategy follows Heppner’s May 2026 federal fraud conviction and is a significant component of the Company’s broader effort to transform its balance sheet, simplify its capital…
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