Core Insights - Brand Engagement Network, Inc. (BEN) has strengthened its balance sheet through the issuance of common stock related to warrant exercises, equity incentive plan exercises, and debt conversions [1][3][6] Financial Summary - The company received $1,456,332 in cash from the exercise of warrants and stock options, with strike prices between $16.58 and $37.00 per share [6] - A total of $737,500 of outstanding debt was converted into shares of common stock [6] - An aggregate of 93,313 shares of common stock were issued, resulting in approximately 5,778,514 shares outstanding and a public float of about 3,129,047 shares [6] Public Warrants Update - Following a 1-for-10 reverse stock split on December 12, 2025, the exercise price of public warrants was adjusted to $115.00 per share, with 1,644,096 shares underlying the public warrants [6] - If all public warrants are exercised at the adjusted price, the company could receive approximately $189,071,000 in gross proceeds [6]
Brand Engagement Network (Nasdaq: BNAI) Reports $1.46 Million in Cash Proceeds from Warrant Exercises and $737,500 Debt Conversion; Provides Public Warrants Update