By Sabela Ojea
Beneficient said it is acquiring Mercantile Bank International, a Puerto Rico-based international financial entity, for $1.5 million.
The asset management platform on Thursday said that the aggregate purchase price will be paid in up to about 2.1 million of the company's class A shares and cash.
"We are very excited about the potential avenues for revenue growth that would be facilitated through this acquisition," said Beneficient.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 05, 2024 17:13 ET (22:13 GMT)
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