{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-014420","form_type":"8-K","ticker":"BNAI","cik":"0001838163","company_name":"Brand Engagement Network Inc.","filed_at":"2025-06-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.053009+00:00","generated_at":"2026-05-19T16:01:09.907596+00:00","sec_items":["1.01","2.03","2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"medium","headline":"Brand Engagement Network obtains $3.5M credit line, Q1 press release lacks financial results","bullets":["Entered $3.5M line of credit with Corps Capital Advisors on June 5, 2025; 10% p.a. interest, matures Dec 5, 2025; no draw as of filing.","Q1 press release (June 9) announces iSKYE AI platform launch but provides no revenue, EPS, or other financial results.","Partnered with Swiss Life Global Solutions for AI-powered digital health, mental health, and financial wellbeing services.","Expanded partnership with Vybroo and Grupo Siete to deploy AI ambassadors in Latin America and Southern Europe.","Advised on California AI data privacy legislation bill to prevent offshore storage of sensitive user data."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-014420","json":"https://secwatch.observer/filing/0001641172-25-014420.json","markdown":"https://secwatch.observer/filing/0001641172-25-014420.md","text":"https://secwatch.observer/filing/0001641172-25-014420.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838163/000164117225014420/0001641172-25-014420-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838163/000164117225014420/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T16:01:09.907596+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"50ee62101fe5c2b7b98592600aa39f6393919bd5","claim":"Brand Engagement Network Inc. incurred credit facility of up to $3,500,000 with Corps Capital Advisors, LLC at 10.0% maturing December 5, 2025.","evidence_excerpt":"On June 5, 2025, the Company entered into a Line Of Credit Agreement (“Line of Credit”) with Corps Capital Advisors, LLC, a Texas Limited Liability Company (the “Lender”) whereby the Lender is extending to the Company a line of credit facility of up to $3,500,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838163/000164117225014420/0001641172-25-014420-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $3,500,000"},{"label":"Counterparty","value":"Corps Capital Advisors, LLC"},{"label":"Rate","value":"10.0%"},{"label":"Maturity","value":"December 5, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}