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