Beneficient (NASDAQ:BENF) shares are trading lower by 17% to $0.07 during Tuesday's session after the company announced a 1-for-80 reverse stock split of its Class A and Class B common stock, effective April 18.

The split aims to comply with Nasdaq's minimum bid price requirement. After the split, every 80 shares will be consolidated into one share, with adjustments to equity awards and convertible securities. The total authorized shares will be reduced proportionally.

Fractional shares will be rounded up, and holders need not take action if shares are held electronically. The outstanding shares are expected to decrease from about 287.87 million to approximately 3.6 million post-split.

How To Buy BENF Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Beneficient's case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, BENF has a 52-week high of $16.50 and a 52-week low of $0.048.