{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-005181","form_type":"8-K","ticker":"BNAI","cik":"0001838163","company_name":"Brand Engagement Network Inc.","filed_at":"2026-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.471317+00:00","generated_at":"2026-05-16T04:32:21.257132+00:00","sec_items":["1.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Brand Engagement Network terminates $50M standby equity purchase agreement with Yorkville","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-005181","json":"https://secwatch.observer/filing/0001493152-26-005181.json","markdown":"https://secwatch.observer/filing/0001493152-26-005181.md","text":"https://secwatch.observer/filing/0001493152-26-005181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838163/000149315226005181/0001493152-26-005181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838163/000149315226005181/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:32:21.257132+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":"713961e26784f4417d96671e9a3bd386f1036aa9","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838163/000149315226005181/0001493152-26-005181-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP"},{"label":"Value","value":"up to $50.0 million"},{"label":"Effective","value":"2026-02-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}