secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2026-09-22T13:21:22+00:00
Accession:  0001493152-26-043663
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BEN raises $1.05M private placement at $8.50/share, 20%+ premium to close
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- Aggregate $1,051,025 raised for 123,650 shares at $8.50/share, a >20% premium to Sept 21 close of $7.07.
- Purchasers split equally: BEN Capital Fund I, LLC and Joseph Bevash each subscribe 61,825 shares for $525,512.50.
- $150,025 (17,650 shares) funded at closing; $901,000 due in five monthly $180,200 installments through Feb 5, 2027.
- 100% warrant coverage: six-month warrants at $8.50 strike, covering up to 123,650 shares if fully funded.
- CEO cites prior 2026 private placements priced at $63.25, $39.25, and $17.82, each above market close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226043663/0001493152-26-043663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226043663/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-043663

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