Beneficient
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $50.8M
- Price
- $3.54
- % Change (Daily % change from the live per-ticker quote feed.)
- +1.14%
- Volume
- 13.2K
Quote data as of 6:40 PM ET
About
Beneficient, a technology-enabled financial service company, provides liquidity solutions to participants in the alternative asset industry. It operates AltAccess platform, which provides liquidity, custody, and investment analytics solutions, including AltLiquidity, an online tool that helps to find liquidity solutions for its alternative assets on a cybersecure platform; AltQuote, a quote tool for alternative assets; AltAccess, a secure platform for end-to-end alternative asset transactions; AltCustody to digitize and track its alternative assets; AltData, an investment analytics for its alternative asset data in one place; and AltTrading, a trading solution. The company serves mid-to-high net worth individual investors, small-to-midsize institutional investors, family offices, and fund general partners. The company is based in Dallas, Texas.
Quick stats
Shares outstanding14.4M
Computed float1.3M
Float sourceUnknown
Cash runway (months)Unknown
Dilution risk—
Has warrants—
Has convertibles—
Active shelf (Shelf registration (e.g. Form S-3) currently in effect — the company is pre-cleared to issue and sell new shares quickly. A standing dilution risk.)—
Active ATM (At-the-market offering — a program to sell newly issued shares directly into the open market at prevailing prices, diluting existing holders over time.)—
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001775734
Websitehttps://www.trustben.com
AI Summary
AI-generated2mo agomajorbullishlegal litigationBeneficient Statement on Heppner Conviction
Beneficient announced the conviction of former CEO Brad Heppner on federal fraud charges, confirming that he acted solely on behalf of his family office to fabricate debt claims against the company.
The company stated it parted ways with Heppner immediately upon discovering the fraud and has cooperated fully with the government's investigation.
Management believes the verdict strengthens its position to challenge the purported debt to HCLP Nominees and vigorously pursue recovery of value for stockholders.
Red flags
- Former Chairman and CEO convicted of federal fraud charges related to company affairs