secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2026-01-30T23:59:59+00:00
Accession:  0001493152-26-004323
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226004323/0001493152-26-004323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226004323/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-004323

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