Source: investing, 26/11/2024, Tuesday
Dallas – Beneficint Corporation (NASDAQ:BENF), a provider of services to alternative asset investors, today announced that it has achieved compliance with Nasdaq requirements, ensuring its continued listing on the exchange. The company, commonly referred to as BEN, had previously faced problems with non-compliance with equity standards and the Nasdaq Securities Exchange Audit Committee.
The specific rules that Benivescent has now met are the Shareholders’ Rights Requirement under the Listing Rule on NASDAQ 5550(b)(1) and the Audit Committee requirement under the Listing Rule on Nasdaq 5605(c)(2). Meeting these requirements is crucial to the company’s securities remaining listed and tradable on the NASDAQ Stock Exchange.
BeniVicent offers a technology-driven platform aimed at democratizing the alternative asset investment market. Its services target medium to high net worth individuals, small to medium-sized enterprises.
and general partners seeking liquidity solutions for their alternative assets. The company’s AltQuote™ tool and portal® provide customers with quick checkout options and suggestions in a secure online environment.
The company operates under a subsidiary, Beneficient Fiduciary Financial, L.L.C., which is licensed under the Kansas Fintech Credit Corporation (TEFFI) Act and is regulated by the State Bank Commissioner’s Office.
The announcement comes as a positive development for Benivescent after a period of uncertainty regarding its status with the Nasdaq. The Company’s compliance with the listing criteria is based on the information contained in a press release. It is important to note that while the Company has issued forward-looking statements about its future prospects.
such statements inherently carry risks and uncertainties that can affect actual future events or outcomes.
In other recent news, Benevencent, a financial services holding company, reported sustained growth in the second quarter of fiscal 2025, with net income of 9.7 million riyals. This represents the second consecutive quarter of profitability. The company also saw an improvement in perpetual equity by QAR 126 million.
which helped in its compliance with Nasdaq listing requirements. In addition, Benivescent’s operating expenses saw a significant decrease of 31.9%, largely due to lower compensation costs.
Dallas – Beneficiente Corporation (NASDAQ:BENF), a provider of services to alternative asset investors, today announced that it has achieved compliance with Nasdaq requirements.
ensuring its continued listing on the exchange. The company, commonly referred to as BEN, had previously faced problems with non-compliance with equity standards and the Nasdaq Securities Exchange Audit Committee.
The specific rules that Benivescent has now met are the Shareholders’ Rights Requirement under the Listing Rule on NASDAQ 5550(b)(1) and the Audit Committee requirement under the Listing Rule on Nasdaq 5605(c)(2). Meeting these requirements is crucial to the company’s securities remaining listed and tradable on the NASDAQ Stock Exchange.
BeniVicent offers a technology-driven platform aimed at democratizing the alternative asset investment market. Its services target medium to high net worth individuals, small to medium-sized enterprises.
and general partners seeking liquidity solutions for their alternative assets. The company’s AltQuote™ tool and portal® are designed to provide customers with quick checkout options and suggestions in a secure online environment.
The company operates under a subsidiary, Beneficient Fiduciary Financial, L.L.C., which is licensed under the Kansas Fintech Credit Corporation (TEFFI) Act and is regulated by the State Bank Commissioner’s Office.
The announcement comes as a positive development for Benivescent after a period of uncertainty regarding its status with the Nasdaq. The Company’s compliance with the listing criteria is based on the information contained in a press release. It is important to note that while the Company has issued forward-looking statements about its future prospects.
such statements inherently carry risks and uncertainties that can affect actual future events or outcomes.
In other recent news, Benevencent, a financial services holding company.
reported sustained growth in the second quarter of fiscal 2025, with net income of 9.7 million riyals. This represents the second consecutive quarter of profitability. The company also saw an improvement in perpetual equity by QAR 126 million.
which helped in its compliance with Nasdaq listing requirements. In addition, Benivescent’s operating expenses saw a significant decrease of 31.9%, largely due to lower compensation costs.
In other developments, Benivisant announced the appointment of Karen J. Wendell to its board of directors. Wendell, a professional with expertise in banking, technology mergers and acquisitions, cybersecurity, private equity and corporate governance, is expected to enhance Benevicant’s decision-making at the board level.
Despite a 55.9% year-to-date net income decline, and year-to-date distributions down 28% year-on-year, Benivescent expects growth in liquidity demand in its target markets.
with the potential to expand from QR60 billion to QAR 100 billion over the next five years. The company focuses on expanding its operations while addressing regulatory challenges and enhancing shareholder value. These are some of Benevessant’s recent developments.
Benyficent’s recent compliance with Nasdaq listing requirements represents an important milestone for the company.
but investors should be aware of the many key financial metrics and trends highlighted by Investing Pro.
Benevescent’s market capitalization is SAR 5.17 million, reflecting its current position in the market. The company has shown impressive revenue growth, an increase of 54.14% over the past twelve months from the second quarter of 2025.
and a remarkable quarterly revenue growth of 120.02% in the second quarter of 2025. This is in line with Investing Pro’s advice that analysts expect sales growth this year.
However, investors should be cautious. One of Investing Pro’s advice suggests that Benivision is quickly running out of cash.
which could be a concern given recent compliance challenges. In addition, the company’s short-term liabilities exceed its liquid assets, which could put pressure on its financial stability.
The stock has been volatile, with a large return of 12.63% over the past week, sharply contrasting with a 97.91% decline over the past year. This volatility is reflected in another tip from Investing Pro.
which suggests that the stock generally trades with high price fluctuations..
For those considering investing in Benivesant, it’s worth noting that Investing Pro offers 13 additional tips for BENF.
providing a more comprehensive analysis of the company’s financial health and market positioning.
