Corporate Congregation Convenes

Beneficient Adjourns Annual Meeting of Stockholders

Dallas, TX, March 31, 2023 (GLOBE NEWSWIRE) -- Beneficient, a leading provider of trust and custody solutions for digital assets, today announced that its annual meeting of stockholders has been adjourned.

The meeting, which was originally scheduled for March 31, 2023, was adjourned to a later date to be determined by the company. The adjournment was made in accordance with the company's bylaws and applicable securities laws.

Beneficient's board of directors and management team are working diligently to complete the necessary steps to hold the meeting at a later date. The company will provide an update on the revised meeting date and time in the near future.

Beneficient's stockholders who were entitled to vote at the meeting will have the opportunity to vote on the previously announced proposals, including the election of directors, the approval of the company's 2023 equity incentive plan, and the ratification of the selection of the company's independent auditor.

Beneficient is committed to transparency and open communication with its stockholders, and the company looks forward to providing an update on the revised meeting date and time in the near future.