Brand Engagement Network Inc. (NASDAQ: BNAI) announced financial transactions that have bolstered its capital structure. The company generated approximately $1.46 million in cash proceeds from the exercise of warrants, incentive stock options, and long-term incentive plan awards. Additionally, it converted $737,500 of outstanding debt into shares of common stock. These actions resulted in the issuance of an aggregate 93,313 shares. According to the company, these transactions strengthened its balance sheet and simplified its capital structure. This brings the total common shares outstanding to an estimated 5,778,514, with a public float of approximately 3,129,047 shares.
The company also provided an update regarding its public warrants. Following a 1-for-10 reverse stock split that became effective on Dec. 12, 2025, the warrant exercise price was adjusted to $115.00 per share. The number of underlying shares was adjusted to 1,644,096. If these warrants were to be fully exercised, they represent potential gross proceeds of approximately $189.1 million for the company. The announcement noted that certain financial platforms have not yet fully reflected these post-split adjustments and are in the process of being updated. For more details, the full press release is available at https://ibn.fm/Dwofl.
Brand Engagement Network Inc., known as BEN, specializes in providing secure, enterprise-grade artificial intelligence solutions. Its technology enables natural conversations, workflow automation, and real-world execution across various formats including text, voice, and avatar-based experiences. The company targets regulated and high-impact industries, delivering highly personalized, multimodal AI within secure, closed-loop environments. Its platform is designed to help organizations modernize operations, improve decision-making, and enhance customer engagement. The platform is powered by proprietary technology, including its Engagement Language Model (ELM), and is built with governance, compliance, and reliability as core design principles. Further information about the company can be found at www.BrandEngagementNetwork.com.
The announcement included standard forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Investors are cautioned not to place undue reliance on these forward-looking statements. The company notes that these statements are subject to various risks and uncertainties, including factors beyond management's control. These risks are detailed under the heading "Risk Factors" in the company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC. The company undertakes no duty to update this information unless required by law. The original release was published on www.newmediawire.com, and full terms of use and disclaimers applicable to all content provided by IBN are available at http://IBN.fm/Disclaimer.
