Brand Engagement Network Inc. (BNAI): Nasdaq/NYSE listing notice — BNAI receives Nasdaq deficiency notice for bid price below $1.00; cure period until June 2025

Brand Engagement Network Inc.

Nasdaq notified BNAI that common stock closing bid price was below $1.00 for 30 consecutive business days, violating Listing Rule 5450(a)(1).
Company has 180 days, until June 28, 2025, to regain compliance by closing at $1.00 or more for 10 consecutive business days.
If non-compliant by June 2025, may qualify for a second 180-day period by meeting Nasdaq Capital Market listing standards and effecting a reverse stock split.
Deficiency does not currently affect trading; stock continues on Nasdaq Global Market under symbol BNAI.
Management evaluating options including reverse stock split; no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Brand Engagement Network Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

December 30, 2024, Brand Engagement Network Inc., a Delaware corporation (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”)

View on SEC.gov

94 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Brand Engagement Network Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-001052

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.