Business
BEN (Nasdaq: BNAI) Strengthens Balance Sheet with Over $1.24 Million in Liability Reductions Including Conversion of $504,684 in affiliate debt at $2.10 Per Share
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 actions that strengthened its balance sheet through the conversion of debt into equity and the reduction of outstanding liabilities.
About this update from Brand Engagement Network Inc.
[{"type":"text","content":"WILMINGTON, Del., Dec. 18, 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 actions that strengthened its balance sheet through the conversion of debt into equity and the reduction of outstanding liabilities.","length":399,"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 17, 2025, BEN Capital Fund One LLC, a long-term investor of the Company, converted $504,684 of matured debt into equity at a conversion price of $2.10 per share, fully satisfying the related principal, accrued interest, and loan fees.","length":246,"tagName":"p"},{"type":"text","content":"Additionally, the Company has reduced outstanding liabilities through negotiated settlements and payments with third-party counterparties, including more than $250,010 reduction in accounts payable and the complete satisfaction of a vendor-related obligations exceeding $487,306. Collectively, these actions have reduced the Company's outstanding liabilities by more than $1,242,000, significantly improving the Company's balance sheet and financial flexibility.","length":470,"tagName":"p"},{"type":"text","content":"Additional information regarding these transactions is included in a Current Report on Form 8-K filed with the Securities and Exchange Commission.","length":151,"tagName":"p"},{"type":"text","content":"About Brand Engagement Network, Inc.Brand Engagement Network, Inc. (Nasdaq: BNAI) develops secure, governed multimodal artificial intelligence solutions designed for regulated industries....