---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-018611"
form_type: "8-K"
ticker: "BNAI"
cik: "0001838163"
company_name: "Brand Engagement Network Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:37:13.991059+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Brand Engagement Network raises $1.0M in private placement at 120% premium; also $1.1M from warrant exercises

## Summary
- Entered SPA with Ben Capital Fund I, LLC for 25,492 shares at $39.25/share (120% of closing price), gross proceeds $1,000,561.
- First installment of $250,101 closed April 21; second of $750,460 expected to close by May 29, 2026.
- SPA includes 100% warrant coverage on the private placement shares.
- April business update: received $1,114,164 in cash from exercise of outstanding warrants.
- Securities issued in reliance on exemption from registration under Securities Act.

## SEC filing metadata
- accession: 0001493152-26-018611
- form_type: 8-K
- ticker: BNAI
- cik: 0001838163
- company_name: Brand Engagement Network Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838163/000149315226018611/0001493152-26-018611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838163/000149315226018611/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-018611
- JSON: https://secwatch.observer/filing/0001493152-26-018611.json
- Plain text: https://secwatch.observer/filing/0001493152-26-018611.txt

## Source-grounded claims
- claim_id: 83b5880a10d3ebea5b0b53444ed964e6af9b9c2c
  claim: Brand Engagement Network Inc. entered into Securities Purchase Agreement with Ben Capital Fund I, LLC valued at total gross proceeds of $1,000,561 (effective 2026-04-21).
  evidence_excerpt: on April 21, 2026, Brand Engagement Network, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Ben Capital Fund I, LLC for a private placement of an aggregate 25,492 shares of the Company’s common stock at a purchase price of $39.25 per share (the “Purchase Price”), for total gross proceeds of $1,000,561.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838163/000149315226018611/0001493152-26-018611-index.htm

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