secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0001493152-26-003864
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brand Engagement Network receives $1.46M from warrant exercises, converts $737K debt, updates warrants
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- Received $1,456,332 cash from warrant/option exercises with strike prices $16.58–$37.00/share.
- Converted $737,500 of debt into equity; issued 93,313 shares at average conversion of ~$23.51/share.
- Outstanding shares now ~5,778,514; public float ~3,129,047 (excluding new shares).
- Post-reverse split, public warrants exercise at $115.00 (from $11.50); 1,644,094 underlying shares; potential $189M proceeds.
- Nasdaq and brokers not yet updated systems for post-split warrant changes; BEN working to ensure accurate reflection.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226003864/0001493152-26-003864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226003864/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003864

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer