Hello and welcome to the special meeting of stockholders of Beneficient. It is my pleasure to introduce James G. Silk, the Interim Chief Executive Officer of Beneficient. Mr. Silk, the floor is yours. Good morning, ladies and gentlemen. I'm James Silk, Beneficient's Interim Chief Executive Officer. I will act as Chairman of this meeting, and David Rost, our General Counsel, will act as Secretary of the meeting. The special meeting of Beneficient is hereby called to order. I would like to welcome our stockholders and guests who are in attendance today. Additionally, I would like to introduce Leicia Savinetti, a representative of Continental Stock Transfer and Trust Company, the company's transfer agent, who will act as our Inspector of Election. Our transfer agent has been instructed to receive, examine, and tabulate the proxies, and to report on the voting by proxies. Copies of the agenda and rules of conduct for this meeting are available in the Meeting Documents tab, located at the top of your screen in the virtual meeting viewing platform. I have in my possession an affidavit sworn to by Continental Stock Transfer and Trust Company and duly signed as to the mailing of the notice of the meeting, which states that on December 7, 2025, the notice of the meeting, together with the related proxy materials, was mailed to all stockholders of record as of the close of business on October 27, 2025, the record date for the meeting. As set forth in the notice of special meeting of stockholders and the agenda available in the Meeting Documents tab, the principal items of business for this meeting are as follows: Proposal number one, the reverse stock split proposal. One, a reverse stock split with respect to the company's issued and outstanding shares of common stock at a ratio in the range of one-for-five to one-for-one hundred, with the exact ratio to be determined at the discretion of the Board of Directors and effected at such time and date, if at all, as determined by the Board of Directors. Two, a simultaneous proportionate reduction in the authorized shares of each class of common stock as required by Nevada Revised Statutes Section 78.207. Proposal number two, the adjournment proposal. To adjourn the special meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for or otherwise in connection with the approval of the reverse stock split proposal. When the report of the Inspector of Election is complete, we will announce the voting results. After the meeting is adjourned, we will follow up to address any questions submitted by stockholders through the virtual meeting viewing platform that abide by the rules of conduct for this meeting via email. You may access the rules of conduct in the Meeting Documents tab. The Inspector of Election has in her possession a certified list of the company's stockholders of record as of the close of business on the record date, which was October 27, 2025, and their respective number of shares entitled to vote at this meeting. The stockholder list will be filed with the minutes of this meeting. Leicia, will you please present your report of attendance at this meeting so we can determine whether a quorum is present? There were 110,758,036 shares of Class A common stock and 239,257 shares of Class B common stock entitled to vote as of the record date, and the holders of shares of outstanding capital stock of the company, representing a majority of the voting power of all outstanding shares of capital stock of the company entitled to vote at the special meeting, are present in person or represented by proxy at the special meeting. Thank you. Therefore, I find that a quorum is present and declare the meeting duly and lawfully convened for the purpose of transacting business properly brought before it. The meeting is now open and ready for business. I hereby declare the polls open for voting on all matters. If there is any person present and entitled to vote who has not yet voted, please submit your votes now by accessing the Voting Information tab located at the top of your screen in the virtual meeting viewing platform. The first item of business is the vote on the reverse stock split proposal. As set forth in the proxy statement, the approval of the reverse stock split proposal must be approved by the vote of stockholders holding a majority of voting power of the company's then outstanding common stock. The Board of Directors has recommended that you vote for this proposal. The second item of business is the vote on the adjournment proposal. As set forth in the proxy statement, the approval of the adjournment proposal requires the affirmative vote of a majority of the votes cast at the special meeting. The Board of Directors has recommended that you vote for this proposal. At this time, we will tabulate and announce the voting results of the meeting and would ask that all stockholders complete and submit their votes. I will pause now for a moment to allow any stockholders who have not voted the opportunity to complete the voting process. If you have not actually already voted or if you wish to change your vote, please do so now by accessing the Voting Information tab. Thank you for your votes. There will be no further discussion. There being no further discussion of the proposals, I now declare the polls closed. We will pause to tabulate votes. I understand that the votes have been counted and the preliminary report of the Inspector of Election has been delivered. Leicia, will you please announce the results of the stockholder vote? I have counted the votes and determined based upon a preliminary count that we have sufficient votes to approve the reverse split proposal and the adjournment proposal. However, an adjournment of the meeting to a later date is not necessary in light of the approval of the foregoing proposal. A final detailed count will be provided to the company shortly after this meeting. The report of the Inspector of Election is, as presented, accepted. We will file the oath and report of the Inspector of Election with the minutes of this meeting. The business of this meeting has been completed. I want to take this opportunity to thank you for attending today's meeting and for your interest you've shown in Beneficient. As mentioned in the notice, stockholders were able to submit questions through the virtual meeting viewing platform. There being no further business to come before the meeting, the meeting is now adjourned. Thank you. The meeting is now concluded. We appreciate your attendance and support.