{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-004323","form_type":"8-K","ticker":"BNAI","cik":"0001838163","company_name":"Brand Engagement Network Inc.","filed_at":"2026-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.471105+00:00","generated_at":"2026-05-16T06:04:29.325318+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Brand Engagement Network raises $1.518M in private placement, collects $818K from warrant exercises, repays $640K debt","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-004323","json":"https://secwatch.observer/filing/0001493152-26-004323.json","markdown":"https://secwatch.observer/filing/0001493152-26-004323.md","text":"https://secwatch.observer/filing/0001493152-26-004323.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838163/000149315226004323/0001493152-26-004323-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838163/000149315226004323/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:04:29.325318+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":[{"claim_id":"f44b15f9fb7ba0cdecca8f31429830cc67c19fe6","claim":"Brand Engagement Network Inc. entered into Securities Purchase Agreement with Ben Capital Fund I, LLC valued at $1,518,000 (effective 2026-01-29).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838163/000149315226004323/0001493152-26-004323-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Ben Capital Fund I, LLC"},{"label":"Value","value":"$1,518,000"},{"label":"Effective","value":"2026-01-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}