Beneficient (NASDAQ:BENF) surged 64.25% to $0.80 in after-hours trading on Tuesday following the announcement that Chairman Thomas O. Hicks and Interim CEO James G. Silk converted preferred shares into common stock.Check out the current price of BENF stock here. Executive Conversion TransactionAccording to the company's Tuesday statement, Hicks converted about$48 million of Preferred A-1 Unit Accounts of Beneficient Company Holdings, L.P., into Class A common stock, receiving 92.49 million shares.Silk conv ...