Brand Engagement Network, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $41.7M
- Price
- $5.47
- % Change (Daily % change from the live per-ticker quote feed.)
- -4.20%
- Volume
- 60.9K
About
Brand Engagement Network, Inc. (BNAI) specializes in developing and deploying advanced conversational artificial intelligence solutions. Its primary objective is to revolutionize business interaction and data analysis by offering secure, multi-channel communication capabilities through its remarkably human-like AI assistants. The company further dedicates itself to creating highly customized, diverse AI engagement platforms, particularly for industries facing substantial labor shortages. This endeavor aims to fundamentally alter how consumers interact with various networks, service providers, and commercial brands. BNAI's corporate headquarters are situated in Jackson, Wyoming.
Quick stats
Shares outstanding7.6M
Computed float4.5M
Float / shares58.4%
Cash runway (months)1188
Key info
SectorTechnology
IndustrySoftware - Infrastructure
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001838163
AI Summary
AI-generated1/22
minorbullishoffering
Brand Engagement Network Secures $1.05 Million Private Placement at a Premium to Market
Brand Engagement Network secured a $1,051,025 private placement of 123,650 common shares at $8.50 per share, more than 20% above the September 21 close of $7.07.
The placement was split equally between returning investor BEN Capital Fund I, LLC and Joseph Bevash, with $150,025 funded at closing and the remaining $901,000 payable in five monthly installments of $180,200 through February 5, 2027. Investors also receive 100% warrant coverage -- six-month warrants at the same $8.50 strike.
BEN emphasizes a 2026 track record of premium-priced placements ($63.25, $39.25, $17.82), and CEO Tyler Luck framed the raise as insider confidence in the enterprise AI plan. Residual risks include installment funding completion and going-concern language in recent SEC filings.
Red flags
- remaining $901,000 subject to investor performance of funding obligations
- dilution from shares and warrant shares
- going-concern considerations disclosed in SEC reports
- raise size ($1.05M) is small relative to capital needs