Business
BEN (Nasdaq: BNAI) Reduces Q4 2025 Liabilities by Approximately $2.5 Million Through Debt Conversions
Brand Engagement Network, Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), a developer of secure and governed multimodal artificial intelligence solutions for regulated industries, today announced that it reduced outstanding liabilities by approximately $2.5 million during the fourth quarter of 2025 through a series of debt-to-equity conversions, negotiated settlements, and payments.
About this update from Brand Engagement Network Inc.
[{"type":"text","content":"WILMINGTON, Del., Dec. 22, 2025 /PRNewswire/ -- Brand Engagement Network, Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), a developer of secure and governed multimodal artificial intelligence solutions for regulated industries, today announced that it reduced outstanding liabilities by approximately $2.5 million during the fourth quarter of 2025 through a series of debt-to-equity conversions, negotiated settlements, and payments.","length":466,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Brand Engagement Network, Inc. (BEN))","displaySize":"","headline":null,"caption":"(PRNewsfoto/Brand Engagement Network, Inc. (BEN))","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":165,"url":"https://media.zenfs.com/en/prnewswire.com/bcd8acec937daaa98d5e243270c12996"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xVBAVTvVWOs0CrOb24j85A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI5MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bcd8acec937daaa98d5e243270c12996","width":400,"height":165}},"href":"https://mma.prnewswire.com/media/2777074/Brand_Engagement_Network_LOGO.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On December 20, 2025, several long-term investors entered into conversion agreements with the Company, converting an aggregate of $1,250,004 of debt and other liabilities into equity at a conversion price of $2.10 per share. The conversions included $899,934 in loans and $350,070 in short-term liabilities.","length":317,"tagName":"p"},{"type":"text","content":"As previously announced on December 18, 2025, the Company completed the conversion of $504,684 of affiliate debt into equity at a conversion price of $2.10 per share.","length":171,"tagName":"p"},{"type":"text","content":"In addition to these debt-to-equity conversions, the Company executed other liability-reduction initiatives during the quarter, including a $250,010 reduction in accounts payable and the satisfaction of vendor-related obligations totaling approximately $487,306.","length":267,"tagName":"p"},{"type":"text","content":"Collectively, these actions reduced the Company's outstanding liabilities by approximately $2,492,004 during the fourth quarter of 2025. The Company believes these actions further strengthen its capital structure and suppor...