Brand Engagement Network Reports Significant Cash Proceeds and Debt Conversion Update

Brand Engagement Network Financial Update

Overview

In a recent announcement, the Brand Engagement Network, Inc. (Nasdaq: BNAI), renowned for its innovative AI-driven customer engagement solutions, revealed that it has successfully obtained $1,456,332 from warrant exercises alongside a conversion of outstanding debt valued at $737,500. This financial development marks a significant enhancement to the company’s fiscal position, demonstrating its commitment to maintaining a robust balance sheet as it pursues its growth strategy.

Cash Proceeds Breakdown

The cash received stems from a series of transactions including the exercise of various warrants and incentive stock options. The associated strike prices varied significantly, from $16.58 to $37.00 per share. These exercises reflect a growing investor confidence and a strategic move towards capitalizing on the company’s market position and innovative solutions.

Debt Conversion Details

Additionally, the corporation managed to convert $737,500 of its existing debt into common stock shares. In total, 93,313 shares of common stock were issued due to these transactions. Following these equity movements, the total number of outstanding shares is approximately 5,778,514, which includes the latest issuances, while the public float remains around 3,129,047 shares.

Public Warrants Adjustment

In a timely update, the company also addressed changes related to its public warrants following a reverse stock split executed on December 12, 2025. The exercise price for these public warrants was raised to $115.00 per share, with the number of shares associated with these warrants adjusted to 1,644,096. Should all warrants be exercised at the new price, the company stands to gain a staggering $189,071,000 in gross earnings. However, it was noted that updates regarding these adjustments have not yet been fully reflected across Nasdaq and several brokerage platforms, which the company is diligently working to rectify.

Executive Insights

Tyler Luck, the Chief Executive Officer of Brand Engagement Network, emphasized the importance of these financial maneuvers: “These warrant exercises and debt conversions further strengthen our balance sheet and simplify our capital structure.” He further acknowledged the unwavering support from the company’s shareholders, especially retail investors, expressing gratitude for their belief in BEN’s long-term vision. “Your commitment powers our focus on execution, partnerships, and delivering exceptional value,” Luck stated.

About Brand Engagement Network

Brand Engagement Network, Inc. stands at the forefront of AI-driven customer interaction solutions, catering to a myriad of industries that require secure and efficient communication technologies. Through its proprietary Engagement Language Model (ELM™), the company enables businesses to enhance customer relations via natural conversations, workflow automation, and enhanced decision-making capabilities.

The firm’s operations are built on a framework emphasizing governance, compliance, and reliability—features critical for industries with high regulatory demands. To learn more about Brand Engagement Network and its offerings, visit www.brandengagementnetwork.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These assertions rely on current expectations and are subject to risks that could impact actual outcomes materially. Factors that might affect results are disclosed in the company's filings with the U.S. Securities and Exchange Commission (SEC). Brand Engagement Network does not commit to updating these forward-looking statements unless required by law.