---
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"
generated_at: "2026-05-28T02:15:35.917599+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BNAI enters warrant exercise agreement; reduces exercise price to $1.96; raises ~$2.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-002182
- JSON: https://secwatch.observer/filing/0001493152-25-002182.json
- Plain text: https://secwatch.observer/filing/0001493152-25-002182.txt

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