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.

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