Company Overview
Beneficient (NASDAQ: BENF) is a technology-enabled financial services company specializing
in alternative asset liquidity solutions. The company provides exit opportunities, capital
solutions, and trust and custody services for holders of alternative assets via its proprietary
AltAccess platform.

Recent Developments (Q3 FY2025)

• Revenue Growth: Reported $4.4 million in revenue for Q3 FY2025, a significant
  turnaround from ($10.2) million in Q3 FY2024.
• Strategic Expansion: Proposed acquisition of Mercantile Bank International Corp.
  to expand its digital asset market capabilities.
•  Liquidity & Loan Portfolio: Investments at fair value increased to $334.3 million,
  supporting a net loan portfolio of $260.6 million.
• Profitability Trends: Significant operating expense reduction (98% YoY) due to lower
  goodwill impairments.      
• Stockholder Value Enhancement: Proposal to increase tangible book value by $9
  million and permanent equity by $35 million