{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-033811","form_type":"8-K","ticker":"BNAI","cik":"0001838163","company_name":"Brand Engagement Network Inc.","filed_at":"2024-08-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.816120+00:00","generated_at":"2026-05-31T07:43:06.750686+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BEN raises $5.925M in private placement at $5.00/share, secures $50M SEPA with Yorkville","bullets":["Private placement of 1,185,000 shares at $5.00/share for $5.925M aggregate; monthly installments through April 2025.","Existing investors receive additional shares from stockholders; transferring holders get 960,000 warrants at $5.00/share, 5-year term.","SEPA with Yorkville: up to $50M over 3 years; shares sold at 96–97% of VWAP; requires SEC registration.","Dr. Richard Isaacs appointed as Class I director effective upon initial closing of private placement.","Lockup released on 1,252,500 shares for certain transferring stockholders in exchange for shares assigned to investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-033811","json":"https://secwatch.observer/filing/0001493152-24-033811.json","markdown":"https://secwatch.observer/filing/0001493152-24-033811.md","text":"https://secwatch.observer/filing/0001493152-24-033811.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838163/000149315224033811/0001493152-24-033811-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838163/000149315224033811/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:43:06.750686+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":"cc471cf6c9","claim":"Dr. Richard Isaacs was appointed as Class I director at Brand Engagement Network Inc..","evidence_excerpt":"On August 26, 2024, in connection with the Financing, the Board appointed Dr. Richard Isaacs as a Class I director of the Company, effective upon the Initial Closing Date to fill an existing vacancy on the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838163/000149315224033811/0001493152-24-033811-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}