Beneficient

Beneficient announced its first engagement to provide collateral management services for a third-party Texas state-chartered bank. This marks the commercial deployment of its new service offering, which will provide ongoing collateral monitoring and reporting for alternative assets pledged in a secured lending transaction. The company expects this engagement to generate recurring annual fee revenue and views it as a significant milestone validating its expertise and reporting capabilities for financial institutions.

Beneficient announced that its Board of Directors has appointed Mack Hicks to serve on two key committees. Effective June 22, 2026, Mr. Hicks will join both the Executive Committee and the Nominating Committee of the Board. This filing is an amendment to a prior 8-K that reported his initial appointment to the Board.

Beneficient (BENF) announced the closing of an $8.75 million primary capital commitment in Quartus AI Fund LP, a fund managed by Quartus Capital Partners LLC, as part of its GP Primary Commitment Program. In exchange for an interest in the Fund, Beneficient issued approximately $8.75 million in stated value of Resettable Convertible Preferred Stock. The company expects this transaction to increase the collateral for its ExAlt loan portfolio by approximately $9.77 million and add a similar amount to its tangible book value attributable to stockholders, alongside an immediate unrealized gain of $1.2 million from the Fund's existing portfolio appreciation. Interim CEO James Silk emphasized the partnership with Quartus as a strategic move to drive shareholder value and enhance collateral backing.