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:  0001493152-26-003868
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BEN issues 93,313 shares from warrant exercises and debt conversion; public warrants adjusted after reverse split
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- Received $1.46M cash from exercises of warrants, ISOs, LTIP at $16.58-$37.00/share.
- Converted $737,500 of debt into shares; avg conversion price ~$23.51/share.
- Total shares outstanding now ~5.78M; public float ~3.13M (unaudited).
- Public warrants adjusted: exercise price $115.00, 1.64M outstanding post 1-for-10 reverse split.
- If all warrants exercised, gross proceeds ~$189M; working to update Nasdaq and brokerages.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226003868/0001493152-26-003868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226003868/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003868

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