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.)
- $44.9M
- Price
- $2.90
- % Change (Daily % change from the live per-ticker quote feed.)
- +438.73%
- Volume
- 294.9M
About
Beneficient operates as a technology-driven financial services provider, specializing in delivering liquidity solutions to entities within the alternative asset market. The company manages the AltAccess platform, a comprehensive digital ecosystem designed to facilitate the entire spectrum of alternative asset management, from transactions to secure custody and detailed analytics. This secure, end-to-end platform features several integrated components: AltLiquidity: A cybersecure online tool for sourcing and arranging alternative asset liquidity. AltQuote: A valuation tool providing real-time pricing for alternative assets. AltCustody: For digitizing and tracking alternative asset portfolios. AltData: Consolidating investment analytics and data for insightful alternative asset management. AltTrading: Offering a dedicated trading environment. Beneficient caters to a diverse clientele, including affluent individual investors, small to mid-sized institutional investors, family offices, and general partners of various funds. The company is headquartered in Dallas, Texas.
Quick stats
Shares outstanding15.5M
Computed float2.3M
Float / shares15.2%
Cash runway (months)3.1
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-generated1/11
majorbullishlegal litigation
Beneficient Announces Strategy to Eliminate HCLP Debt and Heppner Equity Interests
Beneficient announced a strategy to eliminate the roughly $130 million of debt asserted by HCLP Nominees and all equity interests held by former CEO Brad Heppner and his affiliates.
The proposed resolution would also convert Heppner's preferred equity, carrying an approximately $850 million liquidation preference, into 162,132 Class A shares and extinguish roughly $88 million of other purported obligations without payment.
If completed, the deal would eliminate substantially all of the company's debt, end Heppner's super-voting Class B ownership and board-appointment rights, and remove a major dilution overhang following his May 2026 fraud conviction.
No definitive agreement exists yet; Beneficient is pursuing a consensual resolution before Heppner's October 21, 2026 sentencing and is prepared to litigate if none is reached.
Red flags
- no definitive agreement with Heppner; resolution is non-binding and litigation is the fallback
- resolution would provide customary releases to Heppner and his affiliates
- outcome depends partly on criminal sentencing, possible appeals, and government forfeiture proceedings
- contested amounts remain material (~$130M debt, ~$850M liquidation preference, ~$88M other claims)