Current Report · Items 1.01, 3.02, 7.01, 9.01 · 8-K
Brand Engagement Network Inc.
BNAINASDAQEQUITYCurrent
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Item 1.01 Entry into a Material Definitive Agreement. On September 21, 2026, Brand Engagement Network Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with BEN Capital Fund I, LLC, a Wyoming limited liability company, and Joseph Bevash, an individual resident of Wyoming (together, the “Purchasers”).…
Filed Sep 22, 2026Accepted Sep 22, 2026, 9:21 AM EDTCIK 1838163Accession 0001493152-26-043663
Company context
Current securities
Historical securities (3)
Registered securities in this filing
Brand Engagement Network Inc. · 8-K · Filed 2026-09-22
As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.
Common Stock, par value $0.0001 per share
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Filing context
Context: From2026-09-212026-09-21_custom_CommonStockParValue0.0001PerShareMember
Dimensions: us-gaap:StatementClassOfStockAxis
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $115.00 per share
- Exchange
- NASDAQ
- Classification
- WARRANT
- Status
- Current
Filing context
Context: From2026-09-212026-09-21_custom_RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfCommonStockAtExercisePriceOf115.00PerShareMember
Dimensions: us-gaap:StatementClassOfStockAxis
Accession 000149315226043663 · 2 registered-security cover members
Read the exact SEC filing ↗Disclosure sections
Items 1.01, 3.02, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
September 21, 2026, Brand Engagement Network Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”)
with BEN Capital Fund I, LLC, a Wyoming limited liability company, and Joseph Bevash, an individual resident of Wyoming (together, the
“Purchasers”).
Pursuant
to the SPA, the Company agreed to issue and sell to the Purchasers, in a private placement, an aggregate of 123,650 shares of the Company’s
common stock, par value $0.0001 per share (the “Common Stock”), at a purchase price of $8.50 per share, for total gross proceeds
of $1,051,025.00. The purchase price represents a premium of more than twenty percent (20%) to the $7.07 closing price of the Common
Stock on September 21, 2026.
The
Purchasers’ aggregate commitment is split equally. Each Purchaser subscribed for 61,825 shares of Common Stock for a subscription
amount of $525,512.50.
The
investment will be funded as follows: (i) an initial payment of $150,025.00 for 17,650 shares of Common Stock in connection with the
initial closing; and (ii) the remaining $901,000.00 in five equal monthly installments of $180,200.00 each, for 21,200 shares per installment,
payable on or about October 5, 2026, November 5, 2026, December 5, 2026, January 5, 2027, and February 5, 2027.
The
SPA includes 100% warrant coverage. In connection with each funded tranche, the Company will issue to the Purchasers common warrants
(the “Common Warrants”) to purchase a number of shares of Common Stock equal to the number of shares purchased in that tranche,
at an exercise price of $8.50 per share, with a term of six (6) months from issuance. If the SPA is funded in full, the
Common Warrants will be exercisable for up to 123,650 shares of Common Stock.
The
securities were offered and sold pursuant to exemptions from the registration requirements of the Securities Act of 1933, as amended
(the “Securities Act”). The SPA contains customary representations, warranties, covenants, and conditions, including piggy-back
registration rights on the Company’s next registration statement on Form S-1.
The
foregoing description of the SPA does not purport to be complete and is qualified in its entirety by reference to the full text of the
Securities Purchase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into
this Item 1.01.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
3.02 Unregistered Sales of Equity Securities.
The
information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. The shares of
Common Stock and the Common Warrants (and the shares of Common Stock issuable upon exercise of the Common Warrants) were offered and
sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D
promulgated thereunder.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure.
On
September 22, 2026, the Company issued a press release announcing the private placement described in Item 1.01. A copy of the press release
is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The
information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except
as expressly set forth by specific reference in such a filing.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htmExhibit
99.1
FOR
IMMEDIATE RELEASE
Brand
Engagement Network Secures $1.05 Million Private
Placement
at Premium to Market
Returning
investors fund equity raise at $8.50 per share - more than 20% above the September 21 close
WILMINGTON,
Del., Sept. 22, 2026 /PRNewswire/ - Brand Engagement Network, Inc. (Nasdaq: BNAI) (“BEN” or the “Company”),
an enterprise AI software company, today announced that it has entered into a securities purchase agreement for a $1,051,025 private
placement of common stock priced at $8.50 per share. The purchase price represents more than a 20% premium to the Company’s September
21, 2026 closing price of $7.07.
The
placement was subscribed in equal parts by returning investor BEN Capital Fund I, LLC and Joseph Bevash. The Company will issue an aggregate
123,650 shares of common stock. An initial $150,025 (17,650 shares) was funded at closing, with the remaining $901,000 to be funded in
five equal monthly installments of $180,200 through February 5, 2027.
The
transaction includes 100% warrant coverage. For each share purchased, the investors receive a six-month warrant to purchase one additional
share at the same $8.50 exercise price. If the placement …
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