Business
Brand Engagement Network Secures $1.518M Premium Private Placement at $63.25 a Share, Strengthens Balance Sheet with $818K in Warrant Proceeds, Full Debt Repayment
Brand Engagement Network, Inc. ("BEN") (Nasdaq: BNAI), a provider of secure, enterprise-grade artificial intelligence solutions, today announced the receipt of $818,302.70 in cash proceeds from warrant exercises, the repayment of legacy debt, and the execution of a $1.518 million private placement, further strengthening the Company's balance sheet and financial flexibility.
About this update from Brand Engagement Network Inc.
[{"type":"text","content":"WILMINGTON, Del., Jan. 30, 2026 /PRNewswire/ -- Brand Engagement Network, Inc. ("BEN") (Nasdaq: BNAI), a provider of secure, enterprise-grade artificial intelligence solutions, today announced the receipt of $818,302.70 in cash proceeds from warrant exercises, the repayment of legacy debt, and the execution of a $1.518 million private placement, further strengthening the Company's balance sheet and financial flexibility.","length":443,"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":"The warrant exercises were completed for cash and consisted of:","length":63,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"19,750 shares exercised at $25.00 per share, generating $493,750 in gross proceeds;","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"8,202 shares exercised at $37.00 per share, generating $303,474 in gross proceeds;","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"5,701 shares exercised at $3.70 per share, generating $21,078.70 in gross proceeds.","length":83,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":248,"olType":false},{"type":"text","content":"In addition, during January 2026, BEN repaid $640,332.46 in outstanding loans, including $630,332.46 related to loans with Hana Bank, South Korea, thereby satisfying the Company's liabilities under the Asset Purchase Agreement dated May 3, 2023, through January 30, 2026.","length":275,"tagName":"p"},{"type":"text","content":"Separately, BEN entered into a securities purchase agreement for a $1.518 million private placement with Ben Capital Fund I, LLC, priced at $63.25 per share, representing an issuance of 24,000 shar...