Brand Engagement Network terminates $50M standby equity purchase agreement with Yorkville

Brand Engagement Network Inc.

Terminated Standby Equity Purchase Agreement with YA II PN, Ltd. effective Feb 4, 2026; no penalties or continuing obligations.
Facility originally permitted sales of up to $50M of common stock; only one drawdown completed since Dec 12, 2025 reverse split.
Company recently closed first installment of $1.518M private placement; remaining closings expected in Feb and Mar 2026.
Outstanding shares approximately 5,834,052; public float approximately 3,377,446 (unaudited).
CEO Tyler Luck stated termination supports disciplined capital strategy and clean capital structure.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Brand Engagement Network Inc. terminated Standby Equity Purchase Agreement with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP valued at up to $50.0 million (effective 2026-02-04).

Action: termination
Agreement: equity purchase
Counterparty: YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP
Value: up to $50.0 million
Effective: 2026-02-04

Exact text from the filing

On February 4, 2026, Brand Engagement Network, Inc. (the “Company”) terminated its Standby Equity Purchase Agreement dated August 26, 2024 (the “Agreement”) with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP.

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Brand Engagement Network Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-005181

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