Beneficient Merger Sub II, LLC

Avalon Acquisition Corp. (Nasdaq: AVAC) is a blank-check company that completed its initial public offering in 2021, targeting the financial services sector. The SPAC pursued a business combination with Beneficient, a fintech company focused on providing liquidity solutions to holders of alternative assets, including mid-to-high-net-worth individuals and smaller institutions. The June 2023 Form 8-K, filed under merger subsidiary Beneficient Merger Sub II, LLC, reflects activity tied to the closing phase of that de-SPAC transaction, with Beneficient ultimately listing on Nasdaq following the combination. The deal positioned the combined entity in the alternative asset liquidity and trust services space. Sign up for full data, filings, and deal timelines on SpacDesk.