Proxy Results Form 8 K

Item 1.02. Termination of a Material Definitive Agreement.

As previously disclosed, on June 5, 2023, Beneficient's (the "Company") predecessor-in-interest, The Beneficient Company Group, L.P. ("BCG"), and RiverNorth SPAC Arbitrage Fund, L.P. ("RiverNorth") entered into that certain Prepaid Forward Purchase Agreement, pursuant to which RiverNorth agreed to, among other things, effect certain purchases of shares of Class A common stock of Avalon Acquisition Inc. ("Avalon") that would have been redeemed in connection with BCG's business combination with Avalon (the "Forward Purchase Agreement"). On September 30, 2024, the Company and RiverNorth entered into an agreement to terminate the Forward Purchase Agreement. In connection with the termination of the Forward Purchase Agreement, RiverNorth agreed to return the approximately 23,651 unsold shares of the Company's Class A common stock, par value $0.001 per share (the "Class A common stock"), to the Company.