Core Points - Brand Engagement Network Inc. (BEN) will implement a 1-for-10 reverse stock split effective December 12, 2025, at 12:01 a.m. Eastern Time [1] - The reverse stock split will not affect the number of authorized shares or the par value of the common stock [1] - Post-split, the common stock will continue trading on The Nasdaq Capital Market under the ticker symbol "BNAI" [2] - No fractional shares will be issued; stockholders entitled to fractional shares will receive cash payments based on the closing price prior to the effective time [3] - Continental Stock Transfer & Trust Company will act as the exchange agent for the reverse stock split, with automatic adjustments for stockholders holding shares in book-entry or through a broker [4] Company Overview - Brand Engagement Network, Inc. (BEN) specializes in developing conversational AI agents for regulated and customer-centric industries [5] - The company utilizes its proprietary Engagement Language Model (ELM™) to enable enterprises to deploy multimodal, compliance-first AI across various channels [5] - BEN holds 21 issued patents and has a growing intellectual property portfolio, with early adoption in sectors such as life sciences, healthcare, insurance, financial services, hospitality, retail, and automotive [5]
Brand Engagement Network Announces a 1-for-10 Reverse Stock Split