Beneficient announced that it has entered into its first engagement to provide collateral management services for a third-party Texas state-chartered bank in connection with a secured lending transaction. Under the engagement, the company will provide ongoing collateral monitoring and reporting services with respect to a portfolio of professionally managed alternative assets pledged as collateral for a credit facility. The engagement is expected to generate recurring annual fee revenue for the company for the duration of the engagement and represents the first commercial deployment of Beneficient's collateral management services offering. The company believes this engagement demonstrates the applicability of its alternative asset expertise and reporting capabilities to a broader range of financial institution customers and lending transactions.

5/11 08:00

Beneficient Former Chairman Convicted of Securities Fraud

Beneficient issued a statement regarding the conviction of the company's former chairman and CEO, Brad Heppner, by a federal jury in the United States District Court for the Southern District of New York on charges of securities fraud, wire fraud, conspiracy to commit securities fraud and wire fraud, and false statements to auditors in connection with a scheme to defraud GWG Holdings, Inc. The company said, "As established at trial, Mr. Heppner acted solely on behalf of his family office to perpetrate this scheme through a shell company he controlled. See here for SDNY's press release announcing the verdict. As previously disclosed, the Company parted ways with Mr. Heppner promptly upon learning of clear and credible evidence of his fraud on the Company and has cooperated fully and transparently with the government's investigation and prosecution. The conviction on all counts presented to the jury confirms what the Company has previously disclosed and delivers a significant step towards accountability for Mr. Heppner's misconduct. The conviction puts the Company in a strong position to challenge its purported debt to HCLP Nominees, L.L.C, which was the centerpiece of the criminal charges and conviction at trial, where it was established that Mr. Heppner fabricated the debt. Additionally, the Company is actively evaluating other claims against Mr. Heppner and entities associated with him in light of the verdict and will vigorously pursue such claims. The Company believes that this outcome strengthens the Company's position with respect to these claims and supports the Company's ability to recover value for its stockholders." "The verdict closes an important chapter and allows the Company to operate with increased clarity and confidence the Company and its stockholders deserve," said James Silk, interim CEO. "The Company acted decisively when Mr. Heppner's misconduct came to light, cooperated fully with the government, and have been diligently working to move forward on a foundation of integrity and sound governance. We are energized by what lies ahead - more than ever, we believe Beneficient's mission and platform represent a genuinely meaningful opportunity, and this event improves our positioning to realize it."

3/12 07:50

Beneficient Appoints Mack Hicks to Board of Directors

Beneficient announced the appointment of Mack Hicks as a member of the Company's Board of Directors. Hicks currently serves as Chief Executive Officer of Hicks Holdings.

1/21 07:10

Beneficient Secures Settlement Agreement Approved by Texas Court

Beneficient announced that the United States District Court for the Northern District of Texas has approved the previously disclosed settlement agreement resolving all claims pending in the District Court under the previously disclosed lawsuits relating to GWG Holdings, GWG, against the Company, its subsidiaries, and each of their current and former directors and officers. As previously announced, the Company entered into a binding settlement agreement to resolve all GWG-related claims brought in the District Court and the United States Bankruptcy Court for the Southern District of Texas for a sum within applicable insurance policy limits. As a result of this approval, all the GWG Litigation against the Beneficient Parties will be fully and finally resolved in accordance with the terms of the settlement agreement. The settlement resolves all such claims against the Beneficient Parties without any admission, concession or finding of any fault, liability or wrongdoing by the Company or any defendant.

1/8 07:40

Beneficient Closes Approximately $3M Financing for Cork & Vines Fund I

Beneficient closed on the financing of an approximately $3M primary capital commitment for Cork & Vines Fund I, a fund managed by Cork & Vines GP, LP, an asset manager investing in opportunities within the premium experiential, luxury dining segment with a differentiated culinary and strategic wine program focus. The transaction follows the Company's initial GP Primary Capital transaction with Cork & Vines that closed in early 2025. In exchange for an interest in the Fund, the Fund received approximately $3M in stated value of shares of the Company's Resettable Convertible Preferred Stock, which is convertible at the election of the holder into shares of the Company's Class A common stock, subject to the terms and conditions of the transaction documents. As a result of the transaction, the collateral for the Company's ExAlt loan portfolio is expected to increase by approximately $3M of interests in alternative assets.

Show More Events

本ページは調査目的であり、投資助言ではありません。モデルは誤ることがあります。過去の実績は将来の成果を保証しません。