---
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"
generated_at: "2026-05-16T04:32:21.257132+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 terminates $50M standby equity purchase agreement with Yorkville

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-005181
- JSON: https://secwatch.observer/filing/0001493152-26-005181.json
- Plain text: https://secwatch.observer/filing/0001493152-26-005181.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1838163/000149315226005181/0001493152-26-005181-index.htm

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