Brand Engagement Network raises $1.518M in private placement, collects $818K from warrant exercises, repays $640K debt

Brand Engagement Network Inc.

Private placement of 24,000 shares at $63.25/share for $1.518M gross proceeds with Ben Capital Fund I, LLC in three installments.
Cash warrant exercises of 33,653 shares generated $818,302.70; exercises at $25, $37, and $3.70 per share.
Repaid $640,332.46 in loans, including $630,332.46 to Hana Bank, satisfying obligations under May 2023 Asset Purchase Agreement.
Private placement priced at a premium to January 29 closing price; no warrant coverage included.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Brand Engagement Network Inc. entered into Securities Purchase Agreement with Ben Capital Fund I, LLC valued at $1,518,000 (effective 2026-01-29).

Action: entry
Agreement: equity purchase
Counterparty: Ben Capital Fund I, LLC
Value: $1,518,000
Effective: 2026-01-29

Exact text from the filing

On January 29, 2026, Brand Engagement Network, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Ben Capital Fund I, LLC for a private placement of 24,000 shares of the Company’s common stock at a purchase price of $63.25 per share, for total gross proceeds of $1,518,000.

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Brand Engagement Network Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-004323

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