secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001493152-24-039648
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315224039648/0001493152-24-039648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315224039648/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-039648

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer