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BEN (Nasdaq: BNAI) Strengthens Balance Sheet with Over $1.24 Million in Liability Reductions Including Conversion of $504,684 in affiliate debt at $2.10 Per Share
Prnewswire· 2025-12-18 11:15
Core Viewpoint - Brand Engagement Network, Inc. has strengthened its balance sheet by converting debt into equity and reducing outstanding liabilities, enhancing its financial flexibility [1][3]. Group 1: Debt Conversion - On December 17, 2025, BEN Capital Fund One LLC converted $504,684 of matured debt into equity at a conversion price of $2.10 per share, fully satisfying the related principal, accrued interest, and loan fees [2]. Group 2: Liability Reduction - The company has negotiated settlements and made payments to reduce outstanding liabilities, including a reduction of more than $250,010 in accounts payable and the complete satisfaction of vendor-related obligations exceeding $487,306 [3]. - Collectively, these actions have reduced the company's outstanding liabilities by more than $1,242,000, significantly improving its balance sheet [3]. Group 3: Company Overview - Brand Engagement Network, Inc. develops secure, governed multimodal artificial intelligence solutions designed for regulated industries, enabling intelligent and compliant engagement across various interfaces [5].
CACI to Deliver Secure, Reliable Communications to the Air Force – Pacific Air Forces (PACAF)
Businesswire· 2025-09-17 12:15
Core Viewpoint - CACI International Inc has been awarded a five-year task order worth up to $180 million to enhance network operations for the Air Force in the Pacific region, supporting U.S. Indo-Pacific Command [1] Group 1: Contract Details - The task order is valued at up to $180 million [1] - The contract duration is five years [1] Group 2: Objectives and Impact - CACI's efforts will focus on modernizing the Air Force's IT infrastructure [1] - The modernization aims to strengthen mission readiness and defend against cyber threats [1]