Beneficient (NASDAQ: BENF) received notice from Nasdaq of potential delisting due to non-compliance with bid price requirements and delayed filings. The company plans to request a hearing and present a plan for continued listing. Beneficient aims to democratize the alternative asset investment market for underserved investors. Its AltQuote® tool offers exit options while AltAccess® portal provides secure online opportunities. Beneficient Fiduciary Financial, L.L.C. is regulated under the Kansas TEFFI Act. Forward-looking statements in the press release caution against undue reliance on the future outcome of Nasdaq’s delisting determination.
Read more at GlobeNewswire: Beneficient Receives Nasdaq Listing Determination