{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-028256","form_type":"8-K","ticker":"BNAI","cik":"0001838163","company_name":"Brand Engagement Network Inc.","filed_at":"2025-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.735882+00:00","generated_at":"2026-05-16T12:46:47.691274+00:00","sec_items":["1.01","2.03","8.01","3.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"BNAI converts $504,684 debt to equity at $2.10/share; cuts liabilities by $1.24M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-028256","json":"https://secwatch.observer/filing/0001493152-25-028256.json","markdown":"https://secwatch.observer/filing/0001493152-25-028256.md","text":"https://secwatch.observer/filing/0001493152-25-028256.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838163/000149315225028256/0001493152-25-028256-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838163/000149315225028256/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:46:47.691274+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"}