secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001493152-26-018611
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226018611/0001493152-26-018611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226018611/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-018611

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer