Brand Engagement Network terminates $19.5M Cataneo acquisition; appoints insider to board

Brand Engagement Network Inc.

Terminated $19.5M Cataneo acquisition; Seller withdrew with immediate effect. Company will pay $100K final payment, total non-refundable ~$650K.
Appointed Ruy Carrasco, M.D. (Chief Medical Informatics Officer) to Board effective Sept 17, 2025; not independent.
Company says termination streamlines focus on core growth programs and selective acquisitions.
Press release with corporate update expected Sept 19, 2025 per Item 7.01.

item 1.02item 5.02item 7.01item 8.01

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