BEN Announces Private Placement at Premium to Market Price, Secures $50 Million Standby Equity Purchase Agreement

JACKSON, Wyo., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of safe and secure customer engagement AI, today announced it has closed a private placement with existing investors to purchase shares of BEN’s common stock in the aggregate amount of $5.925 million. Concurrently, BEN announced that it has entered into a $50 million Standby Equity Purchase Agreement (“SEPA”) with Yorkville Advisors. Together, these two transactions provide the Company ...