Beneficient
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
BENF$0.68-4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Equity
For the three months ended June 30, 2024 and 2023:
| Series A preferred stock · Series B preferred stock · Class A common stock · Class B common stock · APIC · Accumulated Deficit · Stock Receivable · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 10) · Total equity · Redeemable noncontrolling interests | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars and units in thousands) · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance, March 31, 2024 | — | $— | 227 | $— | 3,348 | $3 | 239 | $— | $1,848,068 | $(2,059,214) | $(20,038) | $(3,444) | $276 | $42,231 | $(192,118) | $251,052 |
| Net income (loss) | — | — | — | — | — | — | — | — | — | 47,667 | — | — | — | (7,713) | 39,954 | 4,356 |
| Noncontrolling interest reclass | — | — | — | — | — | — | — | — | — | — | — | — | — | (225) | (225) | — |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 994 | — | — | — | — | — | 994 | — |
| Issuance of shares in connection with equity purchase agreement | — | — | — | — | 449 | 1 | — | — | 2,554 | — | — | — | — | — | 2,555 | — |
| Unrealized gain on available-for-sale debt securities | — | — | — | — | — | — | — | — | — | — | — | — | (21) | — | (21) | — |
| Preferred A.0 Unit Accounts guaranteed payment accrual | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (4,356) |
| Issuance of common shares to settle liability | — | — | — | — | 129 | — | — | — | 914 | — | — | — | — | — | 914 | — |
| Equity issuance costs reclassed to APIC | — | — | — | — | — | — | — | — | (343) | — | — | — | — | — | (343) | — |
| Rounding adjustment in connection with reverse stock split | — | — | — | — | 80 | — | — | — | — | — | — | — | — | — | — | — |
| Balance, June 30, 2024 | — | $— | 227 | $— | 4,006 | $4 | 239 | $— | $1,852,187 | $(2,011,547) | $(20,038) | $(3,444) | $255 | $34,293 | $(148,290) | $251,052 |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (cont’d)
| Series A preferred stock · Series B preferred stock · Class A common stock · Class B common stock · APIC · Accumulated Deficit · Stock Receivable · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 10) · Total equity · Redeemable noncontrolling interests | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars and units in thousands) · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance, March 31, 2023 | — | $— | — | $— | 2,252 | $2 | 239 | $— | $1,579,742 | $— | $— | $(3,444) | $9,900 | $142,213 | $1,728,413 | $950,493 |
| Net income (loss) | — | — | — | — | — | — | — | — | (36,432) | (1,079,091) | — | — | — | (44,552) | (1,160,075) | 4,105 |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 27,001 | — | — | — | — | — | 27,001 | — |
| Payment of employee payroll taxes on restricted equity units | — | — | — | — | — | — | — | — | (84) | — | — | — | — | — | (84) | — |
| Issuance of common and preferred shares upon closing of de-SPAC transaction, net of issuance costs | 2,749 | 3 | — | — | 100 | — | — | — | (4,293) | — | — | — | — | — | (4,290) | — |
| Conversion of Series A preferred to Class A common | (2,749) | (3) | — | — | 9 | — | — | — | 3 | — | — | — | — | — | — | — |
| Issuance of shares in connection with transactions closing post de-SPAC | — | — | — | — | 7 | — | — | — | 5,153 | — | — | — | — | 133 | 5,286 | — |
| Reclass of distributions payable to noncontrolling interest holder | — | — | — | — | — | — | — | — | — | — | — | — | — | (329) | (329) | — |
| Issuance of shares to settle liability assumed at de-SPAC | — | — | — | — | 3 | — | — | — | 2,745 | — | — | — | — | — | 2,745 | — |
| Non-cash dividend to related party | — | — | — | — | — | — | — | — | (110) | — | — | — | — | — | (110) | — |
| Share-based awards to related party employees | — | — | — | — | — | — | — | — | 110 | — | — | — | — | — | 110 | — |
| Conversion of Class S Ordinary to Class A common | — | — | — | — | 5 | — | — | — | 3,884 | — | — | — | — | (3,884) | — | — |
| Unrealized gain on available-for-sale debt securities | — | — | — | — | — | — | — | — | — | — | — | — | 4,290 | — | 4,290 | — |
| Deemed dividend for BCG Preferred B.2 Unit Accounts preferred return | — | — | — | — | — | — | — | — | 6,942 | — | — | — | — | (6,942) | — | — |
| Preferred Series A.0 Unit Accounts guaranteed payment accrual | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (4,105) |
| Redemption of BCG Preferred B.2 Unit Accounts | — | — | — | — | — | — | — | — | (1,413) | — | — | — | — | — | (1,413) | — |
| Stock receivable on prepaid forward purchase | — | — | — | — | — | — | — | — | — | — | (20,038) | — | — | — | (20,038) | — |
| Reclass of BCH Preferred A.1 from temporary to permanent equity | — | — | — | — | — | — | — | — | — | — | — | — | — | 699,441 | 699,441 | (699,441) |
| Balance, June 30, 2023 | — | $— | — | $— | 2,376 | $2 | 239 | $— | $1,583,248 | $(1,079,091) | $(20,038) | $(3,444) | $14,190 | $786,080 | $1,280,947 | $251,052 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.