Financing ·
Brand Engagement Network Inc. entered into a Securities Purchase Agreement on September 21, 2026, to raise $1,051,025…
BNAIBrand Engagement Network Inc.
Brand Engagement Network Inc. entered into a Securities Purchase Agreement on September 21, 2026, to raise $1,051,025 in gross proceeds through a private placement of common stock at $8.50 per share. The transaction involves the issuance of 123,650 shares equally split between BEN Capital Fund I, LLC and Joseph Bevash, representing a premium of more than 20% to the September 21 closing price of $7.07. An initial payment of $150,025 for 17,650 shares was funded at closing, with the remaining $901,000 payable in five equal monthly installments of $180,200 through February 5, 2027. The agreement includes 100% warrant coverage, granting purchasers warrants to buy an equivalent number of shares exercisable at $8.50 per share for six months from issuance. Brand Engagement Network Inc. builds secure, enterprise-grade artificial intelligence software.