Business
Brand Engagement Network Announces a 1-for-10 Reverse Stock Split
Brand Engagement Network Inc. ("BEN" or the "Company") (NASDAQ: BNAI) today announced that it will effect a 1-for-10 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on December 12, 2025. At the effective time, every ten shares of the Company's common stock will be automatically combined into one share. The reverse stock split will not impact the number of authorized shares or the par value of the common stock.
About this update from Brand Engagement Network Inc.
[{"type":"text","content":"WILMINGTON, Del., Dec. 2, 2025 /PRNewswire/ -- Brand Engagement Network Inc. ("BEN" or the "Company") (NASDAQ: BNAI) today announced that it will effect a 1-for-10 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on December 12, 2025. At the effective time, every ten shares of the Company's common stock will be automatically combined into one share. The reverse stock split will not impact the number of authorized shares or the par value of the common stock.","length":514,"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":"Following the reverse stock split, the Company's common stock will continue trading on The Nasdaq Capital Market under the ticker symbol "BNAI" and will begin trading on a split-adjusted basis at market open on December 12, 2025. The new CUSIP number will be 104932 207.","length":284,"tagName":"p"},{"type":"text","content":"Cash in Lieu of Fractional SharesNo fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise receive a fractional share will receive a cash payment equal to the fractional share amount multiplied by the closing price of the Company's common stock on the trading day immediately prior to the effective time.","length":364,"tagName":"p"},{"type":"text","content":"Continental Stock Transfer & Trust Company is acting as the exchange agent for the reverse stock split. Stockholders holding shares in book-entry or through a broker will have their accounts automatically adjusted and do not need to take any action.","length":253,"tagName":"p"},{"type":"text","content":"Further details are available in the Co...