| CUSTOMER |
CUSTOMER |
92%
|
Pursuant to the Transaction, the Company’s customized trust vehicles acquired a limited partner interest, and in exchange for such, the customer received 875,214 shares of the Company’s Series B-10 R… |
| BEN-MARKETS-MANAGEMENT-HOLDINGS |
BEN-MARKETS-MANAGEMENT-HOLDINGS |
85%
|
2025, but we intend to resubmit the application in the future. Ben Markets, through one of its subsidiaries, Ben Markets Management Holdings, L.P., received regulatory approval to acquire, and subseq… |
| ADDITIONALLY-HICKS-HOLDINGS |
ADDITIONALLY-HICKS-HOLDINGS |
62%
|
unities in rural Kansas communities with populations of 5,000 residents or less, including job and income growth, main street revitalization, educational facility improvements, construction and devel… |
| ALTACCESS-SECURITIES-COMPANY |
ALTACCESS-SECURITIES-COMPANY |
62%
|
and other Customers through BFF, and other of our subsidiaries, for fees payable quarterly. Through Ben Markets, we provide broker-dealer services through our subsidiary, AltAccess Securities Company… |
| BCC-HOLDINGS |
BCC-HOLDINGS |
62%
|
ective immediately. The termination of the Purchase Agreement did not cause the Company or BCC Holdings to incur any additional liability. 2. Summary of Significant Accounting Policies Basis of Prese… |
| BENEFICIENT-COMPANY-GROUP |
BENEFICIENT-COMPANY-GROUP |
62%
|
premium and discount (related party of $ 615 and $ 202 ) 615 202 Loss on impairment of goodwill — 3,692 Gain (loss) on financial instruments, net (related party of $( 5 ) and $( 546 )) ( 44,011 ) 1,8… |
| BENEFICIENT-COMPANY-HOLDINGS |
BENEFICIENT-COMPANY-HOLDINGS |
62%
|
e subsequent to December 31, 2025. 61 Table of Contents ITEM 2 — MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis should be … |
| BENEFICIENT-FINANCING-LLC |
BENEFICIENT-FINANCING-LLC |
62%
|
s on this transaction to HH-BDH LLC as a principal payment on the loan previously made by HH-BDH LLC to Beneficient Financing, LLC. At various dates in December 2025, these entities agreed to sell ad… |
| BENEFICIENT-HEARTLAND-FOUNDATION-INC |
BENEFICIENT-HEARTLAND-FOUNDATION-INC |
62%
|
unities in rural Kansas communities with populations of 5,000 residents or less, including job and income growth, main street revitalization, educational facility improvements, construction and devel… |
| BENEFICIENT-HICKS-HOLDINGS |
BENEFICIENT-HICKS-HOLDINGS |
62%
|
unities in rural Kansas communities with populations of 5,000 residents or less, including job and income growth, main street revitalization, educational facility improvements, construction and devel… |
| BENEFICIENT-HOLDINGS-INC |
BENEFICIENT-HOLDINGS-INC |
62%
|
Company of $ 0.2 million and both he and other employees of Bradley Capital could participate in equity incentive plans sponsored by the Company. The Bradley Capital Agreement and the A&R Bradley Cap… |
| BENEFICIENT-INSURANCE-COMPANY |
BENEFICIENT-INSURANCE-COMPANY |
62%
|
2025, our subsidiary, Beneficient Insurance Company, L.L.C. (“BIC”), voluntarily withdrew its application for an insurance charter with the Commissioner of Insurance of the State of Kansas but intend… |
| BENEFICIENT-MANAGEMENT-LLC |
BENEFICIENT-MANAGEMENT-LLC |
62%
|
st. The proceeds for the fee payment and the loan repayment were then available for use by the Company. Principally using proceeds from the asset sales completed in December, the Company paid off the… |
| BENEFICIENT-SECURITIES-COMPANY |
BENEFICIENT-SECURITIES-COMPANY |
62%
|
2025, but we intend to resubmit the application in the future. Ben Markets, through one of its subsidiaries, Ben Markets Management Holdings, L.P., received regulatory approval to acquire, and subseq… |
| BENF-NASDAQ-STOCK-MARKET-LLC |
BENF-NASDAQ-STOCK-MARKET-LLC |
62%
|
common stock, par value $0.001 per share BENF Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one share of Class A common stock, par value $0.001 per share , and one share of Ser… |
| BENFW-NASDAQ-STOCK-MARKET-LLC |
BENFW-NASDAQ-STOCK-MARKET-LLC |
62%
|
common stock, par value $0.001 per share BENF Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one share of Class A common stock, par value $0.001 per share , and one share of Ser… |
| BEN-HICKS-HOLDINGS-OPERATING-LLC |
BEN-HICKS-HOLDINGS-OPERATING-LLC |
62%
|
unities in rural Kansas communities with populations of 5,000 residents or less, including job and income growth, main street revitalization, educational facility improvements, construction and devel… |
| COMPANY-BENEFICIENT-CAPITAL-COMPANY-HOLDINGS |
COMPANY-BENEFICIENT-CAPITAL-COMPANY-HOLDINGS |
62%
|
”) with the remaining fifty percent ( 50 %) of the capital account balances in the BCH Preferred A-0 Accounts remaining redeemable (such remaining Preferred A-0 being the “BCH Preferred A-0 Redeemabl… |
| GWG-HOLDINGS |
GWG-HOLDINGS |
62%
|
in thousands) Amortized Cost Basis Fair Value Amortized Cost Basis Fair Value Due in one year or less $ 1,687 $ 1,739 $ 1,687 $ 1,687 No fixed maturity — — 998 — $ 1,687 $ 1,739 $ 2,685 $ 1,687 Other… |
| GWG-HOLDINGS-INC |
GWG-HOLDINGS-INC |
62%
|
same period of 2024, driven by the changes in fair value of the financial instruments held during the period. Gain on financial instruments, net for three months ended December 31, 2025, was driven b… |
| HH-BDH-CREDIT-AGREEMENT-HICKS-HOLDINGS |
HH-BDH-CREDIT-AGREEMENT-HICKS-HOLDINGS |
62%
|
remaining outstanding principal amounts and accrued and unpaid interest thereon shall be due and payable on such date. As of December 31, 2025 and March 31, 2025 , the unamortized discount related to… |
| HH-BDH-LLC |
HH-BDH-LLC |
62%
|
ppner with various counts comprised of securities fraud, wire fraud, conspiracy to commit securities fraud and wire fraud, false statements to auditors, and falsification of records. Our obligations … |
| HICKS-HOLDINGS |
HICKS-HOLDINGS |
62%
|
r ExAlt Trusts had $31.0 million and $41.6 million of potential gross capital commitments as of December 31, 2025, and March 31, 2025, respectively, representing potential limited partner capital fun… |
| HICKS-HOLDINGS-L-L-C-HICKS-HOLDINGS |
HICKS-HOLDINGS-L-L-C-HICKS-HOLDINGS |
62%
|
unities in rural Kansas communities with populations of 5,000 residents or less, including job and income growth, main street revitalization, educational facility improvements, construction and devel… |
| HICKS-HOLDINGS-OPERATING-LLC |
HICKS-HOLDINGS-OPERATING-LLC |
62%
|
e following table provides additional information on the securities contributed and exchanged as part of the BCG Recapitalization by each of BHI, Bruce W. Schnitzer and Hicks Holdings Operating, LLC … |
| HIGHLAND-CONSOLIDATED-BUSINESS-HOLDINGS |
HIGHLAND-CONSOLIDATED-BUSINESS-HOLDINGS |
62%
|
premium and discount (related party of $ 615 and $ 202 ) 615 202 Loss on impairment of goodwill — 3,692 Gain (loss) on financial instruments, net (related party of $( 5 ) and $( 546 )) ( 44,011 ) 1,8… |
| HIGHLAND-PARTNER-HOLDINGS |
HIGHLAND-PARTNER-HOLDINGS |
62%
|
Highland Partner Holdings Trust, but he is not a beneficiary of The Highland Great Plains Trust. Mr. Heppner’s family members are potential beneficiaries of each of these three trusts. HERO was creat… |
| MERCANTILE-BANK-INTERNATIONAL-CORP |
MERCANTILE-BANK-INTERNATIONAL-CORP |
62%
|
”) with the remaining fifty percent ( 50 %) of the capital account balances in the BCH Preferred A-0 Accounts remaining redeemable (such remaining Preferred A-0 being the “BCH Preferred A-0 Redeemabl… |
| MERCANTILE-GLOBAL-HOLDINGS-INC |
MERCANTILE-GLOBAL-HOLDINGS-INC |
62%
|
”) with the remaining fifty percent ( 50 %) of the capital account balances in the BCH Preferred A-0 Accounts remaining redeemable (such remaining Preferred A-0 being the “BCH Preferred A-0 Redeemabl… |
| PEN-INDEMNITY-INSURANCE-COMPANY |
PEN-INDEMNITY-INSURANCE-COMPANY |
62%
|
2025, our subsidiary, Beneficient Insurance Company, L.L.C. (“BIC”), voluntarily withdrew its application for an insurance charter with the Commissioner of Insurance of the State of Kansas but intend… |
