Beneficient to wipe out $130M debt tied to ex-CEO, converting ~$850M preferred into 162K shares

Beneficient plans to wipe out about $130 million of disputed debt tied to its convicted former CEO and convert roughly $850 million of his preferred equity into just 162,000 common shares. The stock rose about 439% on Sept. 23, 2026, and was giving some back in premarket trading.

Detected & updated continuously · Source: Nebula