BNAI converts $504,684 debt to equity at $2.10/share; cuts liabilities by $1.24M

Brand Engagement Network Inc.

BEN Capital Fund One LLC converted $504,684 matured debt into 240,326 shares at $2.10 per share, extinguishing principal, interest, and fees.
Separate settlements reduced accounts payable by $250,010 and satisfied vendor obligations of $487,452.
Total liability reduction exceeds $1.24 million, strengthening the balance sheet and financial flexibility.
The shares were issued in a private placement exempt from registration under Section 4(a)(2) of the Securities Act.

item 1.01 item 2.03 item 8.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Brand Engagement Network Inc. issued common stock to BEN Capital Fund One LLC for $2.10 per share.

Security: common stock
Purchaser: BEN Capital Fund One LLC
Consideration: $2.10 per share

Exact text from the filing

On December 17, 2025, BEN Capital Fund One LLC, a long-term investor of the Company, converted $504,684 of matured debt into equity at a conversion price of $2.10 per share, fully satisfying the related principal, accrued interest, and loan fees.

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Brand Engagement Network Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-028256

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