---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-039648"
form_type: "8-K"
ticker: "BNAI"
cik: "0001838163"
company_name: "Brand Engagement Network Inc."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:29:31.946019+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Brand Engagement Network amends SPA to restrict SEPA share issuances below $5.00 per share until Jan 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-039648
- form_type: 8-K
- ticker: BNAI
- cik: 0001838163
- company_name: Brand Engagement Network Inc.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838163/000149315224039648/0001493152-24-039648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838163/000149315224039648/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039648
- JSON: https://secwatch.observer/filing/0001493152-24-039648.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039648.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.