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].