• Masterworks 116 plans to reorganize around May 31, 2026 into a Delaware series LLC structure.
• Assets, rights, obligations to move into a distinct series within a newly formed series LLC.
• Investors to swap Class A Ordinary Shares for shares in the new series with the same assets, capitalization, and ownership.
• Management expects no material change to investor rights, investment value, tax position, or secondary trading.
• No costs or expenses to be charged to investors for the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Masterworks 116 LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-025968), on May 29, 2026, and is solely responsible for the information contained therein.