---
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"
generated_at: "2026-05-16T06:04:29.325318+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-004323
- JSON: https://secwatch.observer/filing/0001493152-26-004323.json
- Plain text: https://secwatch.observer/filing/0001493152-26-004323.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1838163/000149315226004323/0001493152-26-004323-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.