Beneficient entered into a securities purchase agreement with Yorkville for the issuance and sale of convertible debentures, with an aggregate principal amount of $4,000,000, which will be convertible into shares of the company's common stock. The debentures do not bear interest and will mature on February 6, 2025. The company will also issue warrants to Yorkville to purchase up to 1,325,382 shares of common stock. Yorkville was granted registration rights under the Securities Act of 1933. The issuance of the securities is exempt from registration. The company issued a press release announcing the signing of the purchase agreement.