Beneficient, a Nevada corporation listed on NASDAQ as BENF, has closed a transaction involving an approximately $3 million primary capital commitment to Cork & Vines Fund I, LP, managed by Cork & Vines GP, LP. Under the terms of the agreement, the Fund received about $3 million in stated value of Beneficient's Resettable Convertible Preferred Stock, which can be converted at the holder's election into shares of Beneficient’s Class A common stock, subject to transaction conditions. This equity investment is part of Beneficient's GP Primary Commitment Program, which provides primary capital solutions and anchor commitments to general partners during fundraising, and is expected to increase the collateral for Beneficient’s ExAlt loan portfolio by around $3 million in alternative asset interests.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beneficient, a Nevada corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9621760) on January 08, 2026, and is solely responsible for the information contained therein.
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