{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-021730","form_type":"8-K","ticker":"BNAI","cik":"0001838163","company_name":"Brand Engagement Network Inc.","filed_at":"2024-05-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.624081+00:00","generated_at":"2026-06-01T07:46:15.011098+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BEN raises $4.95M in private placement at $2.50/share; promotes Paul Chang to Co-CEO","bullets":["Private placement of 1.98M shares and 3.96M warrants at $2.50/share for total $4.95M purchase price.","Initial closing on May 30 for $500K; remaining funds due in monthly installments through Oct 2024.","Paul Chang promoted to Co-CEO alongside existing CEO Michael Zacharski, effective May 28, 2024.","If BEN fails to raise additional $3.25M by Oct 31, investors must exercise warrants for cash up to 1.3M warrants.","Proceeds to support development of conversational AI assistants and execution of growth strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-021730","json":"https://secwatch.observer/filing/0001493152-24-021730.json","markdown":"https://secwatch.observer/filing/0001493152-24-021730.md","text":"https://secwatch.observer/filing/0001493152-24-021730.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838163/000149315224021730/0001493152-24-021730-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838163/000149315224021730/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:46:15.011098+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"02323d42bd","claim":"Paul Chang was appointed as Co-Chief Executive Officer at Brand Engagement Network Inc..","evidence_excerpt":"On May 28, 2024, the Board appointed Paul Chang, the Company’s Global President, as the Co-Chief Executive Officer of the Company, effective immediately, with full power and authority of a Chief Executive Officer as prescribed in the Bylaws of the Company, to serve in such capacity until his successor is elected and qualified or until his earlier death, resignation, or removal","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838163/000149315224021730/0001493152-24-021730-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Co-Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"53efb42021","claim":"Michael Zacharski changed role as Co-Chief Executive Officer at Brand Engagement Network Inc..","evidence_excerpt":"concurrently with such appointment, Mr. Michael Zacharski, who currently serves as the Company’s Chief Executive Officer, will become Co-Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838163/000149315224021730/0001493152-24-021730-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"will become"},{"label":"Role","value":"Co-Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}