Intel stock spikes after report of possible US government stake
Jeff Welday, Global Head of Organizations and Distribution at Beneficient (NASDAQ:BENF), recently reported selling a total of 782 shares of the company’s Class A common stock. The transactions, executed on February 6, 7, and 10, 2025, were made at prices ranging from $0.58 to $0.59 per share, amounting to a total value of $457. The sales come as BENF shares have fallen nearly 98% over the past year, with the company’s market capitalization now at just $3.05 million. According to InvestingPro analysis, the company’s overall financial health score stands at 1.56, indicating significant challenges.
Following these sales, Welday holds 149,211 shares in Beneficient. The shares were sold primarily to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). InvestingPro data reveals the company is rapidly burning through cash, with short-term obligations exceeding liquid assets. Subscribers can access 10+ additional ProTips and comprehensive financial metrics in the Pro Research Report.
In other recent news, Beneficient, a financial services firm, faced potential delisting from Nasdaq due to non-compliance with the $1 minimum bid price requirement. The company, however, managed to regain compliance and maintain its listing. On a different note, Beneficient has made a strategic move to acquire Mercantile Bank (NASDAQ:MBWM) International Corp., a Puerto Rico-based financial entity, for $1.5 million. This acquisition is expected to expand the company’s range of services and contribute to its fee-based revenue and cash flow in 2025.
In addition, Beneficient has committed $1.36 million to 8F Fund, LP, managed by 8F Asset Management, marking its first General Partner Primary transaction. This investment, executed through the issuance of Beneficient’s Resettable Convertible Preferred Stock, is expected to enhance the collateral backing the company’s ExAlt loan portfolio.
Furthermore, Beneficient has welcomed a new member to its Board of Directors, Karen J. Wendel (EPA:MWDP), a cybersecurity expert who is also the President and CEO of TrustChains. Wendel’s appointment is expected to strengthen Beneficient’s decision-making at the board level, particularly in the areas of blockchain and decentralized finance. These developments are part of Beneficient’s ongoing efforts to provide innovative solutions in the financial services sector.
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