Beneficient

Beneficient (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended March 31, 2026 (the “Annual Report”). The Company filed its Annual Report with the Securities and Exchange Commission (the “SEC”) via the SEC’s Electronic Data Gathering, Analysis, and Retrieval system at 5:38 p.m. eastern time on June 29, 2026, which was after the 5:30 p.m. eastern time deadline for such filing. The Company was unable to timely file its Annual Report with the SEC because of technical issues with the Annual Report transmission process. As indicated above, the Annual Report has been filed with the SEC and is publicly available on the SEC’s website at www.sec.gov

Beneficient (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025 (the “Quarterly Report”). The Company has determined that it is unable to file the Quarterly Report within the initially prescribed time period without unreasonable effort or expense. As previously disclosed, on June 19, 2025, the Company’s former Chief Executive Officer, Brad Heppner, resigned, effective immediately, following a request from the Company’s counsel, acting at the direction of the Audit Committee of the Board of Directors of the Company, for Mr. Heppner to sit for a formal interview regarding, among other things, his knowledge of certain documents and information concerning Mr. Heppner’s relationship to a related entity provided to the Company’s auditors in 2019, which request Mr. Heppner refused. As also previously disclosed, the Company was unable to timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2025 (the “Annual Report”) because additional time was needed to (i) allow the Company to compile and analyze supporting documentation in order to complete the Annual Report, (ii) permit the Company’s independent registered public accounting firm to complete its audit of the financial statements included in the Annual Report, and (iii) allow the Company time to identify and appoint an Interim Chief Executive Officer and provide such person sufficient time to review the Annual Report and complete the required certifications in advance of filing the Annual Report. As previously reported, on July 20, 2025, the Board of Directors (the “Board”) of the Company appointed James G. Silk as interim Chief Executive Officer, effective immediately. Mr

Beneficient (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended March 31, 2025 (the “Annual Report”). The Company has determined that it is unable to file the Annual Report within the initially prescribed time period without unreasonable effort or expense. As previously disclosed, on June 19, 2025, the Company’s former Chief Executive Officer, Brad Heppner, resigned, effective immediately, following a request from the Company’s counsel, acting at the direction of the Audit Committee of the Board of Directors of the Company, for Mr. Heppner to sit for a formal interview regarding, among other things, his knowledge of certain documents and information concerning Mr. Heppner’s relationship to a related entity provided to the Company’s auditors in 2019, which request Mr. Heppner refused. As a result, additional time is needed to (i) allow the Company to compile and analyze supporting documentation in order to complete the Annual Report, (ii) permit the Company’s independent registered public accounting firm to complete its audit of the financial statements included in the Annual Report, and (iii) allow the Company time to identify and appoint an Interim Chief Executive Officer and provide such person sufficient time to review the Annual Report and complete the required certifications in advance of filing the Annual Report. The Company currently intends to file the Annual Report on or before July 15, 2025

Beneficient (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended March 31, 2024 (the “Annual Report”). The Company has determined that it is unable to file the Annual Report within the initially prescribed time period without unreasonable effort or expense because on July 1, 2024, the Company received a termination letter from the Securities and Exchange Commission (the “SEC”) advising the Company that the SEC’s investigation related to the Company has concluded and that the SEC Staff does not intend any enforcement action by the SEC. As a result, the Company requires additional time to update the Annual Report and complete its procedures related to the updated information prior to filing the Annual Report. The termination letter was provided to the Company under the guidelines of the final paragraph of Securities Act Release No. 5310 which states, among other things, that “[such notice] must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff’s investigation of that particular matter.” The Company currently anticipates that it will file the Annual Report on or before July 16, 2024

Beneficient (the “Company”) (f/k/a The Beneficient Company Group, L.P. (“BCG”)) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended March 31, 2023 (the “Annual Report”). The Company has determined that it is unable to file the Annual Report within the initially prescribed time period without unreasonable effort or expense because it received additional information on the date of the prescribed due date, and the Company needs additional time to consider and evaluate such information and any impact such information may have on the disclosure contained in the Annual Report. The Company currently anticipates that it will file the Annual Report on or before July 13, 2023