Beneficient (BENF) has provided an update.
Beneficient Company has announced a reverse stock split of its Class A and Class B common stock at a ratio of 1-for-80, set to take effect on April 18, 2024. This strategic move will reduce the number of authorized shares and modify the company’s equity awards, warrants, and convertible preferred stock accordingly. Post-split, the stock will trade on the Nasdaq under the original ticker symbol “BENF” with a new CUSIP number. Stockholders will not receive fractional shares; instead, they will be rounded up to the nearest whole share, ensuring they retain full value.
For an in-depth examination of BENF stock, go to TipRanks’ Stock Analysis page.
