• Beneficient said former Chairman and CEO Brad Heppner was convicted by a federal jury in Southern District of New York on securities fraud and wire fraud charges tied to a scheme involving GWG Holdings.
• Company said trial evidence showed Heppner acted through a shell company controlled by his family office, not on Beneficient’s behalf.
• Verdict bolsters Beneficient’s position to challenge its purported debt to HCLP Nominees, an entity it said is controlled by Heppner, after trial established the debt was fabricated.
• Beneficient said it is evaluating additional claims against Heppner and related entities, aiming to recover value for stockholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beneficient, a Nevada corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605110730PRIMZONEFULLFEED9717201) on May 11, 2026, and is solely responsible for the information contained therein.