Beneficient regains compliance with some of Nasdaq's listing requirements

* Beneficient (BENF [https://seekingalpha.com/symbol/BENF]) has regained compliance with some of Nasdaq's listing rules, the company said citing a letter received from Nasdaq.
* The company remains noncompliant with respect to the $1.00 per share bid price requirement and must regain compliance within the extension period granted by the Nasdaq Hearings Panel to avoid delisting.
* Beneficient plans to seek stockholder approval to effect a reverse stock split of its common stock, which the company anticipates will allow it to demonstrate compliance with the $1.00 bid price requirement for the requisite minimum 10-consecutive trading day period within the extension period granted by the panel.
* BENF +34.34% after hours to $0.7502.
* Source: Press Release [https://seekingalpha.com/pr/20287637-beneficient-regains-compliance-with-nasdaq-periodic-filing-requirement-and-market-value-of]

MORE ON BENEFICIENT

* Beneficient announces listing extension notice from Nasdaq [https://seekingalpha.com/news/4495162-beneficient-announces-listing-extension-notice-from-nasdaq]
* Beneficient faces new Nasdaq delisting notice over late 10-Q [https://seekingalpha.com/news/4488537-beneficient-faces-new-nasdaq-delisting-notice-over-late-10-q]
* Seeking Alpha’s Quant Rating on Beneficient [https://seekingalpha.com/symbol/BENF/ratings/quant-ratings]
* Financial information for Beneficient [https://seekingalpha.com/symbol/BENF/income-statement]