What happens to a stock when the value goes below a $1.00
 

As we know I talk about GWG L Bonds but my question today is,

Beneficient which was to be part of the GWG payback is now at $0.67 a share what happens now to the company since the stock is under a $1.00. Do they get removed from the stock exchange? Does the company declare bankruptcy? Are all the funds given to them just gone ($360 million)?
Good one Michael

GWG L Bonds were delisted in 2022 unless you join a lawsuit you are probably S O L…

GWG L Bonds | Chase Carlson

I am asking about BENF (Beneficient) or any company really.
But I do agree with you.

The generic answer to your question is available from Mr Google, not to be confused with his brother Dr. Google

HERE

Reverse split, raise capital or risk delisting depending on stock exchange rules. Look how many times AMC has been revived