secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001493152-25-001052
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

BNAI receives Nasdaq deficiency notice for bid price below $1.00; cure period until June 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315225001052/0001493152-25-001052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315225001052/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-001052

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