Beneficient (BENF) shares surged over 18% in pre-market trading after announcing a significant equity restructuring, exceeding Nasdaq’s minimum requirement. The company also appointed a new board member and provided a positive update on its financial performance and Kansas operations.
Beneficient’s stock price is soaring in pre-market trading after the company announced a significant increase to its permanent equity. The move, which reclassifies $126 million of preferred equity to non-redeemable, is expected to boost the company’s balance sheet. This news has sparked investor interest, leading to heavy trading volume and a substantial increase in Beneficient’s stock price.
