secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001493152-26-005181
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226005181/0001493152-26-005181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226005181/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-005181

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