8-K
filed December 22, 2025, 6:59 PM ET
ticker BNAI
CIK 0001838163
other material
confidence high
sentiment positive
materiality 0.60
BEN reduces Q4 2025 liabilities by ~$2.5M via debt-to-equity conversions
Brand Engagement Network Inc.
- Converted $1.25M of debt and liabilities into equity at $2.10/share; $899,934 in loans and $350,070 in short-term liabilities satisfied.
- Investors include BEN Capital Fund, Joseph Bevash, Michael Reinberger, others; warrants issued with 90-day expiration at $2.10.
- Additional reductions: $504,684 affiliate debt converted (Dec 18), $250,010 accounts payable reduction, $487,306 vendor obligations.
- Total Q4 2025 liability reduction is $2,492,004, strengthening balance sheet and operational flexibility.
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 133,040 shares of common stock of common stock to BEN Capital Fund I, LLC for $279,384 of debt.
- Security
- common stock
- Shares
- 133,040 shares of common stock
- Purchaser
- BEN Capital Fund I, LLC
- Consideration
- $279,384 of debt
Exact text from the filing
BEN Capital Fund I, LLC converted $279,384 of debt into 133,040 shares of common stock and received 133,040 warrants to purchase common stock at $2.10 per share, expiring in 90 days.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Brand Engagement Network Inc. issued 166,700 shares of common stock of common stock to L5 LLC (or its assignee) for $350,070 of short-term liabilities.
- Security
- common stock
- Shares
- 166,700 shares of common stock
- Purchaser
- L5 LLC (or its assignee)
- Consideration
- $350,070 of short-term liabilities
Exact text from the filing
L5 LLC (or its assignee) converted $350,070 of short-term liabilities into 166,700 shares of common stock.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Brand Engagement Network Inc. issued 133,040 warrants of warrant to BEN Capital Fund I, LLC for $279,384 of debt.
- Security
- warrant
- Shares
- 133,040 warrants
- Purchaser
- BEN Capital Fund I, LLC
- Consideration
- $279,384 of debt
Exact text from the filing
BEN Capital Fund I, LLC converted $279,384 of debt into 133,040 shares of common stock and received 133,040 warrants to purchase common stock at $2.10 per share, expiring in 90 days.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Brand Engagement Network Inc. issued 131,000 shares of common stock of common stock to Joseph Bevash for $275,100 of debt.
- Security
- common stock
- Shares
- 131,000 shares of common stock
- Purchaser
- Joseph Bevash
- Consideration
- $275,100 of debt
Exact text from the filing
Joseph Bevash converted $275,100 of debt into 131,000 shares of common stock and received 131,000 warrants to purchase common stock at $2.10 per share, expiring in 90 days.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Brand Engagement Network Inc. issued 131,000 warrants of warrant to Joseph Bevash for $275,100 of debt.
- Security
- warrant
- Shares
- 131,000 warrants
- Purchaser
- Joseph Bevash
- Consideration
- $275,100 of debt
Exact text from the filing
Joseph Bevash converted $275,100 of debt into 131,000 shares of common stock and received 131,000 warrants to purchase common stock at $2.10 per share, expiring in 90 days.
View on SEC.gov
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