Beneficient announced that it has entered into a purchase agreement to issue class A common stock for the gross proceeds of $250 million on June 27, 2023. The transaction will include participation from new investor, YA II PN, Ltd., a fund managed by, Yorkville Advisors Global LP. As a part of the transaction, the company has paid the investor, a structuring fee in the amount of $25,000.

In addition, no later than three trading days following entry into the SEPA, the Company will pay a commitment fee in an amount equal to $1,250,000.