Beneficient (Avalon Acquisition) ^{Priced, Nasdaq: BENF}

We are a newly incorporated blank check company. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target. We seek to capitalize on the strategic, transactional, and operational experience of our executive officers : Donald H. Putnam, S. Craig Cognetti, John Griff, and R. Rachel Hsu; our directors Steven Gluckstern, John L. Klinck Jr., and Douglas C. Mangini and senior advisors Churchill Franklin and Frederick Grauer. We believe our team’s business and transaction track record could accelerate our search for a worthy target business and enable us to conclude a favorable initial business combination. We may pursue targets in any industry, but initially we intend to focus on sub-sectors of the financial services industry that are being transformed by new technology and demographic shifts. Many other industries have been transformed by technology -- entertainment, telecommunications, retail, and web-based business services having led the pack -- but financial services has been slow to adapt.