other material
confidence high
sentiment neutral
materiality 0.50
Brand Engagement Network amends SPA to restrict SEPA share issuances below $5.00 per share until Jan 2025
Brand Engagement Network Inc.
- Amendment prohibits issuing SEPA shares below $5.00/share until Jan 1, 2025.
- Waiver possible by majority consent or if a purchaser fails to fund (with 2-day cure).
- Effectiveness conditional on payment of all past due Required Fundings by Oct 11, 2024.
- Amendment signed by Company and multiple purchasers including Ben Capital Fund I, Joseph Bevash, etc.