Brand Engagement Network Inc. (NASDAQ: BNAI) announced financial transactions that have generated approximately $1.46 million in cash proceeds while simplifying its capital structure. The company reported that these proceeds came from the exercise of warrants, incentive stock options, and long-term incentive plan awards. Additionally, the company converted $737,500 of outstanding debt into shares of common stock, resulting in the issuance of 93,313 shares.
The company stated that these transactions have strengthened its balance sheet and simplified its capital structure. Following these moves, the total common shares outstanding now stand at an estimated 5,778,514, with a public float of approximately 3,129,047 shares. This financial restructuring provides the company with additional capital while reducing debt obligations.
Brand Engagement Network also provided an update regarding its public warrants. Following the company's 1-for-10 reverse stock split that became effective on December 12, 2025, the warrant exercise price has been adjusted to $115.00 per share. The number of underlying shares has been adjusted to 1,644,096, representing potential gross proceeds of approximately $189.1 million if fully exercised. The company noted that certain platforms have not yet fully reflected the post-split adjustments and are being updated.
These financial developments come as Brand Engagement Network continues to develop its enterprise-grade artificial intelligence solutions. The company's platform enables natural conversations, workflow automation, and real-world execution across text, voice, and avatar-based experiences. Designed for regulated and high-impact industries, the company delivers highly personalized, multimodal AI within secure, closed-loop environments.
The company's technology platform is powered by proprietary technology, including its Engagement Language Model (ELM), and is built with governance, compliance, and reliability embedded by design. This focus on security and compliance makes the platform particularly suitable for industries with stringent regulatory requirements.
The financial transactions announced by Brand Engagement Network demonstrate the company's ongoing efforts to optimize its capital structure while positioning itself for future growth. The warrant exercises provide immediate capital infusion, while the debt conversion reduces financial obligations and interest expenses. The updated warrant structure following the reverse stock split creates potential for significant additional capital if investors choose to exercise their warrants.
For investors and industry observers, these developments signal a company actively managing its financial position while continuing to develop its AI technology platform. The strengthened balance sheet may provide additional resources for research and development, market expansion, or strategic initiatives. The simplified capital structure could make the company more attractive to potential investors by reducing complexity and improving financial transparency.
The announcement was distributed through InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio. InvestorWire provides wire-grade press release syndication services for private and public companies, along with editorial syndication to more than 5,000 outlets and social media distribution to millions of followers. Additional information about the company's AI solutions is available at www.BrandEngagementNetwork.com.
