0001213900-23-062051.txt : 20230801 0001213900-23-062051.hdr.sgml : 20230801 20230801174451 ACCESSION NUMBER: 0001213900-23-062051 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230801 FILED AS OF DATE: 20230801 DATE AS OF CHANGE: 20230801 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GWG Holdings, Inc. CENTRAL INDEX KEY: 0001522690 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41715 FILM NUMBER: 231133024 BUSINESS ADDRESS: STREET 1: 325 N. ST. PAUL STREET STREET 2: SUITE 2650 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 877-494-2388 MAIL ADDRESS: STREET 1: 325 N. ST. PAUL STREET STREET 2: SUITE 2650 CITY: DALLAS STATE: TX ZIP: 75201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GWG Life USA, LLC CENTRAL INDEX KEY: 0001980661 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41715 FILM NUMBER: 231133023 BUSINESS ADDRESS: STREET 1: 325 NORTH ST. PAUL STREET, SUITE 2650 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 612-746-1944 MAIL ADDRESS: STREET 1: 325 NORTH ST. PAUL STREET, SUITE 2650 CITY: DALLAS STATE: TX ZIP: 75201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Beneficient CENTRAL INDEX KEY: 0001775734 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 721573705 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 325 N. SAINT PAUL STREET STREET 2: SUITE 4850 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2144454705 MAIL ADDRESS: STREET 1: 325 N. SAINT PAUL STREET STREET 2: SUITE 4850 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: Beneficient Co Group, L.P. DATE OF NAME CHANGE: 20190503 4 1 ownership.xml X0508 4 2023-08-01 1 0001775734 Beneficient BENF 0001522690 GWG Holdings, Inc. 325 NORTH ST. PAUL STREET, SUITE 2650 DALLAS TX 75201 0 0 1 0 0001980661 GWG Life USA, LLC 325 NORTH ST. PAUL STREET, SUITE 2650 DALLAS TX 75201 0 0 1 0 0 Class A Common Stock, $0.001 par value 2023-08-01 4 J 0 102530680 0 D 0 D Class A Common Stock, $0.001 par value 2023-08-01 4 J 0 67100832 0 D 0 I By Subsidiary Class A Common Stock, $0.001 par value 2023-08-01 4 J 0 119975 0 D 0 I By Subsidiary On April 20, 2023, GWG Holdings, Inc. (the "Company") and certain of its subsidiaries (together with the Company, the "Debtors") filed a voluntary petition for reorganization under chapter 11 of title 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On June 20, 2023 the Court entered an order (the "Confirmation Order") confirming the Debtors' Further Modified Second Amended Joint Chapter 11 Plan (as subsequently further modified the "Plan"). On August 1, 2023 (the "Effective Date") the conditions to the effectiveness of the Plan were satisfied or waived. (Continued from footnote 1) On the Effective Date, pursuant to the terms of the Plan, all shares of Beneficient's Class A Common Stock owned by the Debtors were delivered to a liquidating trust or Mr. Jeffrey Stein, in each case as contemplated by the Plan. The sole purpose of the liquidating trust is to liquidate these assets with a view towards maximizing the value of such assets for the benefit of the beneficiaries of the liquidating trust. The Debtors received no cash proceeds or other property in exchange for the delivered shares. Shares were owned directly by GWG Life USA, LLC, which is a wholly owned subsidiary of GWG Holdings, Inc. As such, GWG Holdings, Inc. was an indirect beneficial owner of the reported securities. Shares were owned directly by GWG Life, LLC, which is a wholly owned subsidiary of GWG Holdings, Inc. As such, GWG Holdings, Inc. was an indirect beneficial owner of the reported securities. /s/ Jeffrey S. Stein, Chief Executive Officer of GWG Holdings, Inc. 2023-08-01 /s/ Jeffrey S. Stein, President of GWG Life USA, LLC 2023-08-01