Beneficient (BENF) said Friday it has added $35 million in permanent equity on its balance sheet after its subsidiary redesignated around $35 million of its preferred equity as non-redeemable.
Beneficient said it believes it now meets Nasdaq's minimum stockholders' equity requirement of at least $2.5 million, however, it is subject to Nasdaq's final determination.
The company shares were up over 13% in recent premarket trading.
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