Beneficient announces listing extension notice from Nasdaq

Beneficient (NASDAQ:BENF) said on Tuesday that Nasdaq has granted the technology-enabled financial services company's request for continued listing on Nasdaq.

Last month, the company had announced receipt of a new delisting notice from Nasdaq due to a failure to timely file its quarterly report for the period ended June 30, 2025.

In July, the company was notified of continued non-compliance with Nasdaq's minimum $1.00 bid price rule.

The current listing extension is subject to evidencing compliance with Nasdaq's periodic reporting requirement by filing its annual report and quarterly report with the Securities and Exchange Commission and demonstrating compliance with the $1.00 per share bid price requirement within the extension period granted.

Beneficient said it continues to work diligently with its auditor to complete and file the delayed reports.

Additionally, the company plans to seek stockholder approval to effect a reverse stock split of its common stock for compliance with the bid price requirement.