{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-002182","form_type":"8-K","ticker":"BNAI","cik":"0001838163","company_name":"Brand Engagement Network Inc.","filed_at":"2025-01-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.198338+00:00","generated_at":"2026-05-28T02:15:35.917599+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BNAI enters warrant exercise agreement; reduces exercise price to $1.96; raises ~$2.1M","bullets":["Exercise price of 1,074,999 May Warrants reduced to $1.96/share; Purchasers commit to cash exercise by Mar 27, 2025.","Upon exercise, Company issues Reload Warrants at $1.71/share (2-yr and 5-yr terms) and transfers Escrow Shares.","Total cash raised from Committed Warrant exercises is approximately $2.1 million over three tranches.","Nasdaq expects to issue non-compliance notice for minimum bid price $1.00; delisting risk acknowledged.","Company to file resale registration statement for Reload Warrants by July 15, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-002182","json":"https://secwatch.observer/filing/0001493152-25-002182.json","markdown":"https://secwatch.observer/filing/0001493152-25-002182.md","text":"https://secwatch.observer/filing/0001493152-25-002182.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838163/000149315225002182/0001493152-25-002182-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838163/000149315225002182/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T02:15:35.917599+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}