BNAI Announces ~$1.05M Private Placement at a Premium to Market Price

Brand Engagement Network Inc. (BNAI) entered into a Securities Purchase Agreement on September 21, 2026, for a private placement of its common stock, raising total gross proceeds of $1,051,025. The placement was with two investors, BEN Capital Fund I, LLC and Joseph Bevash.

Key Details

• Transaction Value: The company will issue an aggregate of 123,650 shares of common stock for total gross proceeds of $1,051,025.
• Pricing: Shares were sold at a purchase price of $8.50 per share, representing a premium of over 20% to the closing price of $7.07 on September 21, 2026.
• Warrants: The agreement includes 100% warrant coverage, granting purchasers warrants to buy up to 123,650 additional shares at an exercise price of $8.50 per share, with a six-month term from issuance.
• Funding Schedule: The investment consists of an initial payment of $150,025, followed by five equal monthly installments of $180,200 each, concluding on or about February 5, 2027.