Form 8-K

8-K — Beneficient

Accession: 0001493152-26-016035

Filed: 2026-04-10

Period: 2026-04-08

CIK: 0001775734

SIC: 6199 (FINANCE SERVICES)

Item: Unregistered Sales of Equity Securities

Item: Material Modifications to Rights of Security Holders

Item: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d)

the Securities Exchange Act of 1934

Date

of report (Date of earliest event reported): April 8, 2026

Beneficient

(Exact

Name of Registrant as Specified in Charter)

Nevada

001-41715

72-1573705

(State

or Other Jurisdiction

Incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification

No.)

325

North St. Paul Street, Suite 4850

Dallas,

Texas 75201

(Address

of Principal Executive Offices, and Zip Code)

(214)

445-4700

Registrant’s

Telephone Number, Including Area Code

N/A

(Former

Name or Former Address, if Changed Since Last Report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written communication pursuant to Rule 425 under the

Securities Act (17 CFR 230.425)

☒

Soliciting material pursuant to Rule 14a-12 under the

Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b)

under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c)

under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

of Class A common stock, par value $0.001 per share

BENF

Nasdaq

Stock Market LLC

Warrants,

each whole warrant exercisable for one share of Class A common stock, par value $0.001 per share, and one share of Series A convertible

preferred stock, par value $0.001 per share

BENFW

Nasdaq

Stock Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

3.02 Unregistered Sales of Equity Securities.

April 8, 2026, Beneficient, a Nevada corporation (the “Company”), through one of its subsidiaries, funded the closing of

a primary capital transaction pursuant to definitive agreements entered into on April 7, 2026 with a customer with respect to a limited

partner interest in an investment fund with a net asset value of $8.75 million (the “Transaction”). Pursuant to the Transaction,

the Company’s customized trust vehicles acquired a limited partner interest, and in exchange for such, the customer received 875,214

shares of the Company’s Series B-10 Resettable Convertible Preferred Stock, par value $0.001 per share (the “Series B-10

Preferred Stock”), with such Series B-10 Preferred Stock being convertible into shares of the Company’s Class A Common Stock,

par value $0.001 per share (the “Class A Common Stock”). Following the closing of the Transaction, the Company participates

in an unrealized gain of approximately $1.2 million, which represents the Company’s pro rata interest in the appreciation of the

customer’s existing asset portfolio.

The

issuance of the Series B-10 Preferred Stock pursuant to the Transaction was not registered under the Securities Act of 1933, as amended

(the “Securities Act”), and was issued in reliance upon the exemption provided in Section 4(a)(2) of the Securities Act and

Regulation D promulgated thereunder.

The

Series B-10 Preferred Stock is convertible into Class A Common Stock initially at a conversion price of $3.5479 per share (the “B-10

Conversion Price”). The B-10 Conversion Price is subject to reset from time to time and a floor price of $1.2418 per share. A maximum

of 7,047,947 shares of Class A Common Stock may be issued upon conversion of the Series B-10 Preferred Stock. The information in Item

5.03 concerning the material terms of the Series B-10 Preferred Stock is incorporated by reference herein.

Item

3.03 Material Modifications to Rights of Security Holders.

The

disclosure required by this Item 3.03 is included in Item 5.03 of this Current Report on Form 8-K and is incorporated herein by reference.

Item

5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Series

B-10 Preferred Stock

April 8, 2026, the Company filed a certificate of designation (the “B-10 Certificate of Designation”) with the Secretary

of State of Nevada, effective as of the time of filing, designating the rights, preferences, privileges and restrictions of the shares

of the Series B-10 Preferred Stock. The material terms of the Series B-10 Preferred Stock are described below. The total number of authorized

shares of the Series B-10 Preferred Stock is 875,214 shares.

Optional

Conversion

Each

share of Series B-10 Preferred Stock is convertible, at the option of the holder thereof upon two business days’ written notice

to the Company, into a number of shares of Class A Common Stock that is equal to $10.00 divided by the B-10 Conversion Price in effect

as of the date of such notice (the “B-10 Conversion Rate”). The B-10 Conversion Price shall be subject to reset on each date

(each such date, a “B-10 Reset Date”) that is the last day of each month following the date of issuance of the Series B-10

Preferred Stock (the “B-10 Original Issue Date”). On each B-10 Reset Date, the B-10 Conversion Price shall be increased or

decreased to the five day trailing volume weighted average price of the Class A Common Stock on the Nasdaq Capital Market or such other

national securities exchange on which the Class A Common Stock is listed for trading as of the applicable B-10 Reset Date as reported

by Bloomberg Financial Markets or an equivalent reporting service as determined by the Company (the “Prevailing Market Price”),

provided that in no event shall the reset B-10 Conversion Price be (a) less than 35% of the initial B-10 Conversion Price or (b) higher

than the initial B-10 Conversion Price, in each case subject to adjustments for stock dividends, splits or combinations, reorganizations,

recapitalizations or similar transactions. As further described in the B-10 Certificate of Designation, the Company will not issue any

shares of Class A Common Stock upon conversion of any Series B-10 Preferred Stock if the issuance of such shares of Class A Common Stock

would exceed the Exchange Cap (as defined below), except that such limitation shall not apply in the event that the Company obtains the

approval of its stockholders as required by the applicable rules and regulations of The Nasdaq Stock Market, LLC (“Nasdaq”)

for issuances of shares of Class A Common Stock in excess of the Exchange Cap.

Mandatory

Conversion

Each

outstanding share of Series B-10 Preferred Stock will automatically convert into a number of shares of Class A Common Stock (the “B-10

Mandatory Conversion”) as is determined by the B-10 Conversion Rate then in effect on the date (the “B-10 Mandatory Conversion

Date”) that is the earliest to occur of: (a) the last day of the month in which the fifth anniversary of the B-10 Original Issue

Date occurs, if either the Company has filed all annual reports on Form 10-K and quarterly reports on Form 10-Q that are then required

to have been filed in the preceding twelve months with the United States Securities and Exchange Commission (the “SEC”) under

the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or a resale registration statement with respect to

the shares of Class A Common Stock underlying the Series B-10 Preferred Stock (the “B-10 Resale Registration Statement”)

has become effective and is in full force and effect at the time of such B-10 Mandatory Conversion and (b) if the conditions of clause

(a) are not met on the date that is the last day of the month in which the fifth anniversary of the B-10 Original Issue Date occurs,

the first date thereafter on which any shares of Series B-10 Preferred Stock may be resold pursuant to Rule 144 under the Securities

Act, or the B-10 Resale Registration Statement has become effective. Notwithstanding the foregoing, the Series B-10 Preferred Stock shall

not convert into Class A Common Stock to the extent such conversion would cause a holder to exceed (i) 4.99% (the “B-10 Beneficial

Ownership Limitation”) of the number of shares of the Class A Common Stock outstanding immediately after giving effect to the issuance

of shares of Class A Common Stock issuable upon conversion of Series B-10 Preferred Stock held by the applicable holder or (ii) the aggregate

number of shares of Class A Common Stock that the Company may issue upon conversion of the Series B-10 Preferred Stock without breaching

the Company’s obligations under the rules and regulations of Nasdaq (the number of shares which may be issued without violating

such rules and regulations, the “Exchange Cap”). To the extent a conversion would cause a holder to exceed the B-10 Beneficial

Ownership Limitation or Exchange Cap, as applicable, the conversion of the portion of such conversion that would exceed the B-10 Beneficial

Ownership Limitation or Exchange Cap, as applicable, shall be delayed until the first day the conversion of such portion would not cause

the holder to exceed the B-10 Beneficial Ownership Limitation or, with respect to the Exchange Cap, when stockholder approval as required

by the applicable rules and regulations of Nasdaq has been obtained. Further, to the extent any such share of Series B-10 Preferred Stock

has not otherwise automatically converted into shares of Class A Common Stock, the B-10 Conversion Price for such shares shall be subject

to additional resets on the terms described in the B-10 Certificate of Designation on the last date of each month.

Ranking

Series

B-10 Preferred Stock will, with respect to dividend rights and rights upon liquidation, dissolution or winding up of the Company, rank:

(a) junior with respect to the Company’s Series A Convertible Preferred Stock, par value $0.001 per share; (b) pari passu

to the Class A Common Stock, Series B-1 Resettable Convertible Preferred Stock, par value $0.001 per share, Series B-2 Resettable

Convertible Preferred Stock, par value $0.001 per share, Series B-3 Resettable Convertible Preferred Stock, par value $0.001 per share,

Series B-4 Resettable Convertible Preferred Stock, par value $0.001 per share, Series B-5 Resettable Convertible Preferred Stock, par

value $0.001 per share, Series B-6 Resettable Convertible Preferred Stock, par value $0.001 per share, Series B-7 Resettable Convertible

Preferred Stock, par value $0.001 per share, Series B-8 Resettable Convertible Preferred Stock, par value $0.001 per share and Series

B-9 Resettable Convertible Preferred Stock, par value $0.001 per share; (c) senior, pari passu or junior with respect to any other

series of preferred stock, as set forth in the Certificate of Designation with respect to such preferred stock; and (d) junior to all

existing and future indebtedness of the Company.

Liquidation Preference

the event of any liquidation or dissolution of the Company, the holders of Series B-10 Preferred Stock shall be entitled to receive,

pro rata with the holders of the Company’s Class A Common Stock, and any other shares of preferred stock of the Company identified

as “Designated Preferred Stock,” a per share amount equal to such amount per share as would have been payable had all shares

of Series B-10 Preferred Stock been converted to Class A Common Stock pursuant to Section 8 of the B-10 Certificate of Designation (without

giving effect to any ownership limitations therein) immediately prior to such liquidation or dissolution of the Company (the “Liquidation

Preference”). The Series B-10 Preferred Stock shall be a series of Designated Preferred Stock.

Dividends

will be paid on the Series B-10 Preferred Stock on an as-converted basis when, as, and if paid on the Class A Common Stock.

Voting

Rights

Except

as required by law, the holders of Series B-10 Preferred Stock shall not be entitled to vote at any meeting of the stockholders for election

of members of the Board of Directors of the Company or for any other purpose or otherwise to participate in any action taken by the Company

or the stockholders thereof, or to receive notice of any meeting of stockholders.

The

foregoing summary of the B-10 Certificate of Designation does not purport to be complete and is subject to, and qualified in its entirety

by, such document, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item

7.01 Regulation FD Disclosure.

April 10, 2026, the Company issued a press release announcing the closing of the Transaction.

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 Exchange Act, or otherwise subject to liabilities of that section, nor shall it be deemed incorporated

by reference in any filing under the Securities Act, except as expressly set forth in such filing.

Item

9.01 Exhibits and Financial Statements.

(d)

Exhibits.

Exhibit

No.

Description

of Exhibit

3.1

Certificate of Designation of Series B-10 Resettable Convertible Preferred Stock.

99.1

Press Release issued by Beneficient on April 10, 2026.

104

Cover Page Interactive

Data File (formatted as Inline XBRL).

Cautionary

Note Regarding Forward-Looking Statements

Except

for the historical information contained herein, the matters set forth in this Current Report on Form 8-K are forward-looking statements

within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking

statements contained in this Current Report include, without limitation, statements related to the Transaction and the issuance of Class

A Common Stock upon conversion of the Series B-10 Preferred Stock. These and other forward-looking statements are based on management’s

current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Important factors

that could cause actual results to differ materially from those expressed in the forward-looking statements include, among other things,

the risks, uncertainties, and factors set forth under “Risk Factors” in the Company’s most recent Annual Report on

Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q. The Company assumes no obligation to update forward-looking statements

to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required

by applicable law.

Forward-looking

statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and,

except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements,

whether as a result of new information, future events, or otherwise.

Important

Information and Where You Can Find It

This

Current Report on Form 8-K may be deemed to be solicitation material in respect of a vote of stockholders to approve the issuance of

Class A Common Stock upon conversion of the Series B-10 Preferred Stock. In connection with the requisite stockholder approval, the Company

will file with the SEC a preliminary proxy statement and a definitive proxy statement, which will be sent to the stockholders of the

Company, seeking such approvals related to the issuance of Class A Common Stock upon conversion of the Series B-10 Preferred Stock.

INVESTORS

AND SECURITY HOLDERS OF THE COMPANY AND THEIR RESPECTIVE AFFILIATES ARE URGED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT AND ANY OTHER

RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION DESCRIBED HEREIN, AS WELL AS ANY AMENDMENTS OR

SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. Investors and

security holders will be able to obtain a free copy of the proxy statement, as well as other relevant documents filed with the SEC containing

information about the Company, without charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC

by the Company can also be obtained, without charge, by directing a request to Investor Relations, Beneficient at 325 North St. Paul

Street, Suite 4850, Dallas, Texas 75201 or email investors@beneficient.com.

Participants

in the Solicitation of Proxies in Connection with Transaction

The

Company and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies

in respect of the requisite stockholder approvals under the rules of the SEC. Information regarding the Company’s directors and

executive officers is available in its Annual Report on Form 10-K, which was filed with the SEC on September 29, 2025, and certain current

reports on Form 8-K filed by the Company. Other information regarding the participants in the solicitation of proxies with respect to

the transaction described herein and a description of their direct and indirect interests, by security holdings or otherwise, will be

contained in the proxy statement and other relevant materials to be filed with the SEC. Free copies of these documents, when available,

may be obtained as described in the preceding paragraph.

Not

an Offer of Securities

The

information in this Current Report on Form 8-K is for informational purposes only and shall not constitute, or form a part of, an offer

to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. The securities that are the subject

of the transaction described herein have not been registered under the Securities Act and may not be offered or sold in the United States

absent registration or an applicable exemption from registration requirements.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its

behalf by the undersigned hereunto duly authorized.

BENEFICIENT

By:

/s/

Gregory W. Ezell

Name:

Gregory W. Ezell

Title:

Chief Financial Officer

Dated: April

10, 2026

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Exhibit

99.1

Beneficient

Closes $8.75 Million GP Primary Capital Transaction

DALLAS,

April 10, 2026 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or 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 it has closed on the financing of an $8.75 million primary capital commitment in Quartus AI Fund LP (“Fund”),

a fund managed by Quartus Capital Partners LLC (“Quartus”), a New York based investment firm investing in growth stage AI

and technology ventures. Quartus is led by AI pioneers, technologists, and seasoned operators (the “Transaction”).

The

Transaction continues the Company’s efforts to deliver primary capital to qualifying private investment funds through its GP Primary

Commitment Program. In exchange for an interest in the Fund, the Fund received approximately $8.75 million in stated value of shares

of the Company’s Resettable Convertible Preferred Stock (the “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.

Following

the closing, the Company participates in an unrealized gain of approximately $1.2 million, which represents its pro rata interest in

the appreciation of the Fund’s existing asset portfolio. As a result of the Transaction, the collateral for the Company’s

ExAlt loan portfolio is expected to increase by approximately $9.77 million of interests in alternative assets. Additionally, the Company

believes this Transaction will result in the addition of approximately $9.77 million of tangible book value attributable to the Company’s

stockholders.

“We

are pleased to partner with Quartus AI Fund LP and welcome Quartus Capital Partners LLC to our GP Primary Commitment Program,”

said James Silk, Beneficient Interim CEO. “We believe Quartus is an exceptional firm at the forefront of vertical AI investing,

and this transaction reflects our continued commitment to closing transactions that drive shareholder value and enhance the value of

the collateral backing our ExAlt loan portfolio.”

Quartus

AI Fund LP invests in growth-stage Vertical AI ventures that are solving critical, real-world problems across high-value sectors. Vertical

AI ventures are strategically positioned to benefit from the trillions of dollars being invested in foundational AI infrastructure. Other

investors in the Fund include endowments, foundations, RIAs, multifamily offices, and single-family offices, and the Fund currently holds

nine portfolio AI investments, eight of which are US-based. Additionally, the Fund has performed in the top quartile of Cambridge Associates

Benchmark Indices over the past two-plus years, and Quartus Capital Partners LLC was awarded Best Performing US Emerging Manager for

2024 by Private Equity Wire.

Beneficient’s

GP Primary Commitment Program is focused on providing primary capital solutions and financing anchor commitments to general partners

during their fundraising efforts while immediately deploying capital into our equity. Through the program, Beneficient seeks to help

satisfy the up to $330 billion of potential demand for primary commitments to meet fundraising needs.

Reconciliation

of Non-GAAP Financial Measures

The

following tables reconciles these non-GAAP financial measures to the most comparable GAAP financial measures as of December 31, 2025,

on an actual basis and pro forma assuming the Transaction occurred on December 31, 2025.

(dollars in thousands)

Actual

Pro forma – Transaction

Tangible Book Value

Total equity (deficit)

(128,567 )

(118,797

Less: Goodwill and intangible assets

(13,014 )

Plus: Total temporary equity

90,526

Tangible book value

(51,055 )

(41,285 )

Actual

Pro forma – Transaction

Tangible book value attributable to Ben public company stockholders

Tangible book value

(51,055 )

(41,285 )

Less: Tangible book value attributable to Beneficient Holdings noncontrolling interest holders

(51,055 )

Tangible book value attributable to Ben’s public company stockholders

9,770

Market

Capitalization of Ben’s Class A and Class B common stock as of April 7, 2026 (1)

$ 54,508

(1)

Based upon

the closing price of the Class A common stock as reported by Nasdaq as of market close on April 7, 2026.

About

Beneficient

(Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing

traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners

seeking exit options, anchor commitments and preferred liquidity services for their funds− with solutions that could help them

unlock the value in their alternative assets.

Its

subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary

Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

For

more information, visit www.trustben.com or follow us on LinkedIn.

Contacts

Matt

Kreps: 214-597-8200, mkreps@darrowir.com

Michael

Wetherington: 214-284-1199, mwetherington@darrowir.com

Investor

Relations: investors@beneficient.com

Important

Information and Where You Can Find It

This

press release may be deemed to be solicitation material in respect of a vote of stockholders to approve the issuance of the Company’s

Class A common stock upon conversion of the Preferred Stock (the “Transaction”). In connection with the requisite stockholder

approval, Ben will file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement and a definitive

proxy statement, which will be sent to the stockholders of Ben, seeking such approvals related to the Transaction.

INVESTORS

AND SECURITY HOLDERS OF BEN AND THEIR RESPECTIVE AFFILIATES ARE URGED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT AND ANY OTHER RELEVANT

DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS,

BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BEN AND THE TRANSACTION. Investors and security holders will be able to obtain

a free copy of the proxy statement, as well as other relevant documents filed with the SEC containing information about Ben, without

charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC by Ben can also be obtained, without

charge, by directing a request to Investor Relations, Beneficient, 325 North St. Paul Street, Suite 4850, Dallas, Texas 75201, or email

investors@beneficient.com.

Participants

in the Solicitation of Proxies in Connection with Transaction

Ben

and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect

of the requisite stockholder approvals under the rules of the SEC. Information regarding Ben’s directors and executive officers

is available in its annual report on Form 10-K for the fiscal year ended March 31, 2025, which was filed with the SEC on September 29,

2025 and certain current reports on Form 8-K filed by Ben. Other information regarding the participants in the solicitation of proxies

with respect to the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be

contained in the proxy statement and other relevant materials to be filed with the SEC. Free copies of these documents, when available,

may be obtained as described in the preceding paragraph.

Not

an Offer of Securities

The

information in this communication is for informational purposes only and shall not constitute, or form a part of, an offer to sell or

the solicitation of an offer to sell or the solicitation of an offer to buy any securities. The securities that are the subject of the

Transaction have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States

absent registration or an applicable exemption from registration requirements.

Forward

Looking Statements

Except

for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the

meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements

include, but are not limited to, statements regarding the Transactions. The words “anticipate,” “believe,” “continue,”

“could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,”

“possible,” “potential,” “predict,” “project,” “should,” “would”

and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not

forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information

currently available to, them. Because such statements are based on expectations as to future financial and operating results and are

not statements of fact, actual results may differ materially from those projected.

Important

factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others:

the ultimate outcome of the transactions, and the risks, uncertainties, and factors set forth under “Risk Factors” in the

Company’s most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q. Forward-looking statements

speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results,

subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

Forward-looking

statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and,

except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements,

whether as a result of new information, future events, or otherwise.

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Apr. 08, 2026

Document Type

8-K

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Apr. 08, 2026

Current Fiscal Year End Date

--03-31

Entity File Number

001-41715

Entity Registrant Name

Beneficient

Entity Central Index Key

0001775734

Entity Tax Identification Number

72-1573705

Entity Incorporation, State or Country Code

Entity Address, Address Line One

325

North St. Paul Street

Entity Address, Address Line Two

Suite 4850

Entity Address, City or Town

Dallas

Entity Address, State or Province

Entity Address, Postal Zip Code

75201

City Area Code

(214)

Local Phone Number

445-4700

Written Communications

false

Soliciting Material

true

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

true

Elected Not To Use the Extended Transition Period

false

Shares of Class A common stock, par value $0.001 per share

Title of 12(b) Security

of Class A common stock, par value $0.001 per share

Trading Symbol

BENF

Security Exchange Name

NASDAQ

Warrants, each whole warrant exercisable for one share of Class A common stock, par value $0.001 per share, and one share of Series A convertible preferred stock, par value $0.001 per share

Title of 12(b) Security

Warrants,

each whole warrant exercisable for one share of Class A common stock, par value $0.001 per share

Trading Symbol

BENFW

Security Exchange Name

NASDAQ

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