Brand Engagement Network Inc. (NASDAQ: BNAI) announced financial transactions that generated approximately $1.46 million in cash proceeds from the exercise of warrants, incentive stock options, and long-term incentive plan awards. The company simultaneously converted $737,500 of outstanding debt into shares of common stock, resulting in the issuance of an aggregate 93,313 shares.
These transactions have strengthened the company's balance sheet and simplified its capital structure, bringing total common shares outstanding to an estimated 5,778,514. The public float now stands at approximately 3,129,047 shares. For business leaders monitoring AI sector investments, this financial maneuvering demonstrates Brand Engagement Network's focus on optimizing its capital structure while reducing debt obligations.
The company also provided an update regarding its public warrants following a 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, with the number of underlying shares now at 1,644,096. If fully exercised, these warrants represent potential gross proceeds of approximately $189.1 million. The company noted that certain trading platforms have not yet fully reflected the post-split adjustments and are being updated.
For technology executives evaluating enterprise AI solutions, Brand Engagement Network's financial developments occur within the context of its core business as a provider of secure, enterprise-grade artificial intelligence solutions. The company, operating as BEN, enables natural conversations, workflow automation, and real-world execution across text, voice, and avatar-based experiences. Its platform is specifically designed for regulated and high-impact industries, delivering highly personalized, multimodal AI within secure, closed-loop environments.
The company's technology foundation includes its proprietary Engagement Language Model (ELM), with governance, compliance, and reliability embedded by design. This positions BEN to help organizations modernize operations, improve decision-making, and enhance customer engagement through AI-driven solutions. The financial transactions announced represent strategic moves to support this technological development and market expansion.
For investors and industry observers, the warrant adjustments and potential $189.1 million in future proceeds if warrants are fully exercised represent significant capital availability for the company's growth initiatives. The full details of the announcement are available in the original press release. The company maintains its corporate website at https://www.BrandEngagementNetwork.com for additional information about its AI solutions and business operations.
