Business
Brand Engagement Network (Nasdaq: BNAI) Reports $1.46 Million in Cash Proceeds from Warrant Exercises and $737,500 Debt Conversion; Provides Public Warrants Update
Brand Engagement Network, Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), a leading provider of AI-driven customer engagement solutions, today announced the issuance of shares of its common stock in connection with warrant exercises, equity incentive plan exercises, and the conversion of outstanding debt, strengthening the Company's balance sheet.
About this update from Brand Engagement Network Inc.
[{"type":"text","content":"WILMINGTON, Del., Jan. 28, 2026 /PRNewswire/ -- Brand Engagement Network, Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), a leading provider of AI-driven customer engagement solutions, today announced the issuance of shares of its common stock in connection with warrant exercises, equity incentive plan exercises, and the conversion of outstanding debt, strengthening the Company's balance sheet.","length":424,"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":"Transaction Summary:","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cash Proceeds: The Company received $1,456,332 in cash proceeds from the exercise of warrants, incentive stock options, and long-term incentive plan awards, with strike prices ranging from $16.58 to $37.00 per share.","length":221,"tagName":"p"}]},{"val":[{"type":"text","content":"Debt Reduction: The Company converted $737,500 of outstanding debt into shares of common stock.","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Equity Issued: An aggregate of 93,313 shares of common stock were issued in connection with these transactions. Following these issuances, the Company has approximately 5,778,514 shares of common stock outstanding (unaudited estimate, including the newly issued shares) and a public float of approximately 3,129,047 shares (unaudited estimate, excluding the newly issued shares).","length":384,"tagName":"p"}]},{"val":[{"type":"text","content":"Public Warrants Update: Following the Company's 1-for-10 reverse stock split, effective December 12, 2025, the exercise price of the public warrants was adjusted to $115.00 per s...