Beneficial State Bank

Beneficient Closes on $25 Million Term Loan Financing

Retrieved on: 
Thursday, October 19, 2023
SOFR, Trust, Growth, Friends Provident, Partner, Capital, Security (finance), Beneficial State Bank

DALLAS, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company that provides liquidity and related trust and custody services to holders of alternative assets, today announced that, through an indirect subsidiary, it has entered into and closed on a $25 million three-year term loan financing with HH-BDH LLC (“Hicks”), an entity associated with Tom Hicks, a member of Beneficient’s board of directors. The Company plans to utilize the proceeds to repay certain of its outstanding obligations, fund product distribution, and provide additional working capital.

Key Points: 
  • The Company plans to utilize the proceeds to repay certain of its outstanding obligations, fund product distribution, and provide additional working capital.
  • The three-year term loan is secured by various assets owned by Beneficient and related entities.
  • In addition, the terms of the loan include a prepayment fee if all or any portion of the loan principal is paid back prior to two years following the closing date.
  • Hicks received funding for the term loan financing through a loan from an unaffiliated financial institution.

AltaSea’s Annual Blue Hour to Honor Women Stewards of the Ocean

Retrieved on: 
Wednesday, August 9, 2023
Sustainability, Events, Concerts, Philanthropy, Women, Environment, Environmental Issues, Environmental Health, Maritime, Fund Raising, Transport, Science, Arts, Museums, Entertainment, Consumer, Other Science, Workforce, AAF, Woods Hole Oceanographic Institution, Chicago Innovation Awards, Emeritus, Harbor, Culture, Santa Monica College, Aquaculture, Port, Foot, Woman, Denver 2008 Convention Host Committee, Southern California Gas Company, The Stand, Student, Berth, 900 Rosalinde, Climate change, City, Nature, Museum, Academy Awards, City National Bank, Air Products, Blue Hour, Robotics, Beneficial State Bank, TED, Interior design, Tourism, Whale

Blue Hour: Above and Below will celebrate both local and global trailblazers who are paving the path for innovation in the blue economy, as well as feature over 20 local artists.

Key Points: 
  • Blue Hour: Above and Below will celebrate both local and global trailblazers who are paving the path for innovation in the blue economy, as well as feature over 20 local artists.
  • The Host Committee for AltaSea’s fourth annual Blue Hour includes former California Governor Arnold Schwarzenegger; renowned ocean explorers Sylvia Earle, Dr. Bob Ballard, and Ashlan and Phillippe Cousteau; and nonprofit leader Barbara Stanton.
  • A full list of artists – along with some previews of the art – can be found on the Blue Hour website .
  • Her leadership and vision were instrumental in establishing Project Blue, fostering community connections, and advancing the organization's mission.

Avalon Acquisition Inc. Stockholders Approve Proposed Business Combination Transaction with The Beneficient Company Group, L.P.

Retrieved on: 
Wednesday, June 7, 2023
Avalon, Beneficial State Bank, Acquisition, SAN, AVAC, Cryptocurrency, Security (finance)

SAN FRANCISCO, June 07, 2023 (GLOBE NEWSWIRE) -- Avalon Acquisition Inc. (NASDAQ: AVAC or “Avalon”), a publicly traded special purpose acquisition company, announced that at a stockholder special meeting held on June 6, 2023, Avalon’s stockholders voted to approve its proposed business combination with The Beneficient Company Group, L.P. (“Beneficient” or the “Company”), a technology-enabled platform providing liquidity, data, custody and trust services to holders of alternative assets.

Key Points: 
  • SAN FRANCISCO, June 07, 2023 (GLOBE NEWSWIRE) -- Avalon Acquisition Inc. (NASDAQ: AVAC or “Avalon”), a publicly traded special purpose acquisition company, announced that at a stockholder special meeting held on June 6, 2023, Avalon’s stockholders voted to approve its proposed business combination with The Beneficient Company Group, L.P. (“Beneficient” or the “Company”), a technology-enabled platform providing liquidity, data, custody and trust services to holders of alternative assets.
  • At the special meeting, Avalon common stockholders voted to approve the business combination.
  • Pursuant to the business combination agreement, each share of Avalon Class A common stock, par value $0.0001 (the “Avalon Class A common stock”), converts into one share of Beneficient Class A common stock, par value $0.001 (the “Beneficient Class A common stock”), and one share of Beneficient Convertible Series A preferred stock, par value $0.001 (the “Beneficient Series A preferred stock”), which is convertible into one-quarter (1/4) of a share of Beneficient Class A common stock.
  • As the Beneficient Series A preferred stock is not expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”), the Beneficient Series A preferred stock would automatically and immediately upon issuance convert into shares of Beneficient Class A common stock, which is expected to result in an effective exchange ratio of 1.25 shares of Beneficient Class A common stock for every one share of Avalon Class A common stock.

Compass Health Announces 2023 Board of Directors, Local Leaders Poised to Support Innovation and Access to Care

Retrieved on: 
Wednesday, June 7, 2023
General Health, Mental Health, Other Health, Health, Managed Care, Pacific Northwest, Cambia Health Solutions, Kilpatrick Townsend & Stockton, Microsoft, Heritage Bank, Preston, Compass, Mental health, Beneficial State Bank, Management, Nursing, Northwest (Washington, D.C.)

The nonprofit community behavioral health provider also welcomed Hillary Preston as secretary and Laura Padley as a returning board member.

Key Points: 
  • The nonprofit community behavioral health provider also welcomed Hillary Preston as secretary and Laura Padley as a returning board member.
  • De Soto, who has had a long tenure on the Compass Health board, currently serves as partner and search practice leader at CFO Selections.
  • “Welcoming Alex as board chair brings me great joy,” said Tom Sebastian, Compass Health president and CEO.
  • Ivory, who joined the Compass Health board in 2021, is an associate attorney at Kilpatrick Townsend, specializing in complex commercial litigation.

Blue Economy to Receive Massive Economic Boost Thanks to Beneficial State Bank and AltaSea

Retrieved on: 
Friday, February 3, 2023
Research, Banking, Professional Services, Sustainability, Recycling, Environmental Health, Environment, Green Technology, Science, Finance, Climate Change, Other Science, Port, Kenosha/Racine Lead-Free Communities Partnership, Community development, Beneficial State Bank, Community development financial institution, CDFI, Nature, News, Growth, Education, Management

Beneficial State Bank, founded by Kat Taylor and Tom Steyer in 2007, is a foundation-owned, for-profit bank, as well as a Community Development Financial Institution (CDFI) and Certified B Corporation.

Key Points: 
  • Beneficial State Bank, founded by Kat Taylor and Tom Steyer in 2007, is a foundation-owned, for-profit bank, as well as a Community Development Financial Institution (CDFI) and Certified B Corporation.
  • The mission-focused bank is committed to giving back to their community and helping their clients help others.
  • “Like AltaSea, Beneficial State Bank fosters business as a force for good and supports the innovation and growth of bold changemakers – for-profit and non-profits – to help create a thriving world."
  • “We are thrilled to have Beneficial State Bank join us on AltaSea’s campus,” said AltaSea President & CEO Terry Tamminen.

Joined by Philanthropist Melanie Lundquist and Impact Investor Kat Taylor, Inna Braverman CEO of Eco Wave Power Unveiled United States' First Onshore Wave Energy Technology at the Port of Los Angeles

Retrieved on: 
Thursday, January 26, 2023
The Ancient Port of Jaffa, The Blue Economy, Biomedical Research, The Chronicle of Philanthropy, Port of Los Angeles, Education, Port, Beneficial State Bank, Speech, California Environmental Protection Agency, Blue economy, Climate change, LHD, U.N, Woman, Chronicle, Los, Electricity, Management, Renewable energy

The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.

Key Points: 
  • The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.
  • It is essential to invest in the Blue Economy and renewable energy like Eco Wave Power's first-ever onshore wave energy technology, which is clearly making waves in the environmental sector."
  • Just last year, Eco Wave Power entered into an agreement with AltaSea to implement a first of its kind wave energy pilot at AltaSea's premises at the Port of Los Angeles.
  • In just over a year, Eco Wave Power has successfully modified, upgraded, and transported the conversion unit to Los Angeles.

Joined by Philanthropist Melanie Lundquist and Impact Investor Kat Taylor, Inna Braverman CEO of Eco Wave Power Unveiled United States' First Onshore Wave Energy Technology at the Port of Los Angeles

Retrieved on: 
Thursday, January 26, 2023
The Ancient Port of Jaffa, The Blue Economy, Biomedical Research, The Chronicle of Philanthropy, Port of Los Angeles, Education, Port, Beneficial State Bank, Speech, California Environmental Protection Agency, Blue economy, Climate change, LHD, U.N, Woman, Chronicle, Los, Electricity, Management, Renewable energy

The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.

Key Points: 
  • The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.
  • It is essential to invest in the Blue Economy and renewable energy like Eco Wave Power's first-ever onshore wave energy technology, which is clearly making waves in the environmental sector."
  • Just last year, Eco Wave Power entered into an agreement with AltaSea to implement a first of its kind wave energy pilot at AltaSea's premises at the Port of Los Angeles.
  • In just over a year, Eco Wave Power has successfully modified, upgraded, and transported the conversion unit to Los Angeles.

Eco Wave Power to unveil its first US based wave energy power station, showcasing its innovative technology during a high-profile news conference on January 12 at AltaSea at the Port of Los Angeles

Retrieved on: 
Wednesday, January 11, 2023
Port, U.N, Beneficial State Bank, Water, News, LOS, Port of Los Angeles, Innovation, Electricity, Weather, Braverman, BSB, Woman, Renewable energy

LOS ANGELES, Jan. 11, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company") will unveil its disruptive technology for the first time during an AltaSea Event on the 12th of January 2023. The press conference will also feature the grand opening and ribbon-cutting of an office and commercial loan hub of Beneficial State Bank ("BSB"), which is supportive of blue economy related technologies.

Key Points: 
  • The press conference will feature Kat Taylor, the philanthropist that co-founded BSB in 2007, alongside Eco Wave Power Founder and CEO Inna Braverman.
  • "I am looking forward to standing alongside two impactful women such as Kat and Melanie as Eco Wave Power showcases what our innovative technology can achieve for the future of California and the country."
  • Just last year, Eco Wave Power entered into an agreement with AltaSea to implement a first of its kind wave energy pilot at AltaSea's premises at the Port of Los Angeles.
  • In just over a year, Eco Wave Power has successfully modified, upgraded, and transported the conversion unit to Los Angeles.

Eco Wave Power to unveil its first US based wave energy power station, showcasing its innovative technology during a high-profile news conference on January 12 at AltaSea at the Port of Los Angeles

Retrieved on: 
Wednesday, January 11, 2023
Port, U.N, Beneficial State Bank, Water, News, LOS, Port of Los Angeles, Innovation, Electricity, Weather, Braverman, BSB, Woman, Renewable energy

LOS ANGELES, Jan. 11, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company") will unveil its disruptive technology for the first time during an AltaSea Event on the 12th of January 2023. The press conference will also feature the grand opening and ribbon-cutting of an office and commercial loan hub of Beneficial State Bank ("BSB"), which is supportive of blue economy related technologies.

Key Points: 
  • The press conference will feature Kat Taylor, the philanthropist that co-founded BSB in 2007, alongside Eco Wave Power Founder and CEO Inna Braverman.
  • "I am looking forward to standing alongside two impactful women such as Kat and Melanie as Eco Wave Power showcases what our innovative technology can achieve for the future of California and the country."
  • Just last year, Eco Wave Power entered into an agreement with AltaSea to implement a first of its kind wave energy pilot at AltaSea's premises at the Port of Los Angeles.
  • In just over a year, Eco Wave Power has successfully modified, upgraded, and transported the conversion unit to Los Angeles.

Beyond Fifteen Communications, Inc. Makes Internal Promotion and Adds Three New Employees

Retrieved on: 
Tuesday, October 11, 2022
Media, Professional Services, Business, Search Engine Marketing, Influencer, Social Activism, Digital Marketing, Public Relations, Investor Relations, Marketing, Communications, Content Marketing, Consulting, Online, Yahoo!, LinkedIn, Texas Tech University, Business Insider, Central Florida, Growth, Public relations, Forbes, Twitter, Publication, Instagram, PR, Multimedia, University, Goal, Writing, USA Today, Awareness, Social media, Advertising, News, Â, MSN, SEO, Beneficial State Bank, Facebook

In addition, we are proud to re-invest in our PR division with the promotion of Jennifer to focus even more heavily on the strategic, systematic and ongoing improvement of our team's proven public relations competency.

Key Points: 
  • In addition, we are proud to re-invest in our PR division with the promotion of Jennifer to focus even more heavily on the strategic, systematic and ongoing improvement of our team's proven public relations competency.
  • Brianne Giordano brings four years of agency experience to her new role as digital advertising specialist.
  • Connor Emert brings both traditional and digital marketing prowess to his role at Beyond Fifteen.
  • Beyond Fifteen combines the talent, capability and reach of a mega-agency with the personal service and dedication of a boutique firm.