Brand Engagement Network Inc. (NASDAQ: BNAI) announced financial transactions that have strengthened its balance sheet and simplified 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, resulting in the issuance of an aggregate 93,313 shares.
These transactions have increased the company's total common shares outstanding to an estimated 5,778,514, with a public float of approximately 3,129,047 shares. The financial moves are significant for investors as they demonstrate the company's ability to raise capital and reduce debt obligations, potentially improving financial stability and shareholder value.
The company also provided an important update regarding its public warrants. Following its 1-for-10 reverse stock split effective December 12, 2025, the warrant exercise price was adjusted to $115.00 per share and the number of underlying shares to 1,644,096. This adjustment represents potential gross proceeds of approximately $189.1 million if all warrants are fully exercised, which could provide substantial future capital for the company's growth initiatives.
Brand Engagement Network noted that certain trading platforms have not yet fully reflected the post-split adjustments and are being updated. Investors should be aware of these changes when trading the company's securities. The company's focus on artificial intelligence solutions for regulated industries positions it in a growing market segment where secure, enterprise-grade technology is increasingly valuable.
For more information about the company's artificial intelligence platform, visit https://www.BrandEngagementNetwork.com. Additional details about the financial announcements can be found at https://ibn.fm/Dwofl.
