Form 8-K

8-K — Beneficient

Accession: 0001493152-26-051417

Filed: 2026-11-12

Period: 2026-11-05

CIK: 0001775734

SIC: 6199 (FINANCE SERVICES)

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d)

the Securities Exchange Act of 1934

Date

of report (Date of earliest event reported): November 5, 2026

Beneficient

(Exact

Name of Registrant as Specified in Charter)

Nevada

001-41715

72-1573705

(State

or Other Jurisdiction

Incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification

No.)

325

North St. Paul Street, Suite 4850

Dallas,

Texas 75201

(Address

of Principal Executive Offices, and Zip Code)

(214)

445-4700

Registrant’s

Telephone Number, Including Area Code

N/A

(Former

Name or Former Address, if Changed Since Last Report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written

communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

of Class A 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 Series A convertible

preferred stock, par value $0.001 per share

BENFW

Nasdaq

Stock Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

November 5, 2026, Beneficient (the “Company”) was notified by the Listing Qualifications Department of The Nasdaq Stock Market

LLC (“Nasdaq”) that, for the 30 consecutive business days from September 24, 2026 through November 4, 2026, the market value

of the Company’s listed securities (“MVLS”) was below the minimum of $35 million required for continued listing on

The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Requirement,” and such letter, the “Notice”).

The Notice also noted that the Company does not meet the alternative continued listing standards under Nasdaq Listing Rules 5550(b)(1)

and 5550(b)(3), relating to minimum stockholders’ equity and net income from continuing operations, respectively.

The

Notice has no immediate effect on the listing or trading of the Company’s Class A common stock, par value $0.001 per share (the

“Class A Common Stock”), or the Company’s warrants, which continue to trade on The Nasdaq Capital Market under the

symbols “BENF” and “BENFW,” respectively.

accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has been provided an initial compliance period of 180 calendar days, or

until May 4, 2027 (the “Compliance Date”), to regain compliance with the MVLS Requirement. If, at any time before the Compliance

Date, the Company’s MVLS closes at $35 million or more for a minimum of ten consecutive business days, Nasdaq will provide written

confirmation of compliance and the matter will be closed. Nasdaq may, in its discretion, require the Company to satisfy the MVLS Requirement

for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining

that the Company has demonstrated an ability to maintain long-term compliance.

the Company does not regain compliance by the Compliance Date, Nasdaq will provide written notification that the Company’s securities

are subject to delisting, at which time the Company may appeal the delisting determination to a Nasdaq Hearings Panel.

The

Company intends to monitor its MVLS and is evaluating available options to regain compliance with the MVLS Requirement. However, there

can be no assurance that the Company will be able to timely regain compliance with the MVLS Requirement by the Compliance Date.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its

behalf by the undersigned hereunto duly authorized.

BENEFICIENT

By:

/s/

Gregory W. Ezell

Name:

Gregory

W. Ezell

Title:

Chief

Financial Officer

Dated:

November

12, 2026

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Entity Registrant Name

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Entity Central Index Key

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Entity Tax Identification Number

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Entity Incorporation, State or Country Code

Entity Address, Address Line One

325

North St. Paul Street

Entity Address, Address Line Two

Suite 4850

Entity Address, City or Town

Dallas

Entity Address, State or Province

Entity Address, Postal Zip Code

75201

City Area Code

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Security Exchange Name

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Warrants, each whole warrant exercisable for one share of Class A common stock, par value $0.001 per share, and one share of Series A convertible preferred stock, par value $0.001 per share

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Warrants,

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Security Exchange Name

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