Annonce • Jul 13
Brand Engagement Network, Inc. Announces Appointment of Christian Unterseer to Board of Directors Brand Engagement Network, Inc. announced that Christian Unterseer, Cataneo Co-Founder, joined BEN's Board of Directors to support strategic direction and future M&A initiatives as the Company continues to expand its AI-powered media technology platform. A recognized pioneer in media technology, Unterseer founded Cataneo more than 25 years ago with the vision that media operations would ultimately move to the cloud, years before cloud-native infrastructure became widely adopted across the industry. Over more than two decades, Unterseer built Cataneo into a globally recognized enterprise platform serving leading media organizations across international markets. Having helped lead the transformation of media technology from traditional infrastructure to cloud-based operations, Unterseer believes AI represents the next fundamental shift in how media organizations operate, automate workflows, and deliver measurable value to advertisers and audiences. While AI has become a major focus of industry discussion, Unterseer believes the opportunity now is moving beyond conversation and into practical enterprise implementation—where BEN's AI capabilities and Cataneo's proven media technology infrastructure can create measurable impact. His appointment strengthens BEN's Board with decades of media technology experience and reinforces the strategic alignment of the Cataneo acquisition as the Company accelerates its expansion into AI-powered enterprise media technology. New Risk • Jul 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (US$369k revenue). Minor Risk Market cap is less than US$100m (US$99.8m market cap). Annonce • Jul 02
Brand Engagement Network, Inc. announced that it has received $1.000561 million in funding from BEN Capital Fund I LLC On June 30, 2026, Brand Engagement Network, Inc. closed the transaction. The transaction included participation from single investor. The company raised $75,046 in its final tranche. Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Tom Morgan is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Jun 30
Brand Engagement Network, Inc. announced that it has received $1.000593 million in funding On June 30, 2026, Brand Engagement Network, Inc. closed the transaction. The transaction included participation from a single investor. Annonce • Jun 23
Brand Engagement Network, Grupo Skye, and Knobloch Information Group Advance Skye Salud to Phase 2 Clinical Evaluation in Mexico Brand Engagement Network, Grupo Skye, and KNOBLOCH Information Group advanced Skye Salud to Phase 2 of its clinical evaluation program in Mexico. Skye Salud is an AI-powered medical evidence platform that leverages trusted medical literature, clinical guidelines, and other authoritative sources to support evidence-based clinical information retrieval. The initiative combines Brand Engagement Network's enterprise-grade AI capabilities, Grupo Skye's leadership in AI innovation across Latin America, and KNOBLOCH Information Group's longstanding presence and trusted relationships within Mexico's healthcare community. The organizations are evaluating how AI-powered access to trusted medical evidence may help improve access to clinical information across healthcare settings in Mexico and Latin America. The Phase 2 evaluation follows the successful completion of Phase 1 rheumatology testing conducted in a controlled evaluation environment. The initial evaluation assessed platform performance across specialty-specific clinical scenarios, evidence traceability, response quality and source transparency. The Phase 2 evaluation will expand testing into primary care use cases, where the platform will be assessed across a broader range of clinical topics and physician information needs. The expanded evaluation includes Spanish-language clinical content optimized for the Mexican healthcare environment. Mexico represents one of the largest healthcare markets in Latin America, creating a significant opportunity to evaluate AI-enabled access to trusted medical evidence at scale. The expansion of the evaluation program into primary care is intended to provide additional insight into platform performance, content coverage, usability, and future development opportunities. Phase 1 rheumatology testing was conducted under the guidance of Dr. Ruy Carrasco, Chief Medical Information Officer of Skye Salud and Brand Engagement Network Board Member. The evaluation focused on assessing the platform's ability to generate accurate, cited responses grounded in trusted medical evidence sources. The initial pilot within the domain of Rheumatology served as a critical baseline to validate the platform's response architecture, specifically concerning clinical rigor and evidence tractability. Extending this evaluation framework into Primary Care allows for the stress-testing of performance metrics across a more heterogeneous spectrum of clinical presentations. This expansion will be executed without compromising the stringent evidence thresholds or the source transparency protocols established during the foundational Phase 1 testing. The Phase 2 primary care evaluation serves a dual strategic purpose: assessing the platform's clinical coverage and evidence-support capabilities across broader care scenarios while generating actionable insights to inform future product development and commercialization planning. Subject to future evaluation results, regulatory considerations and commercial agreements, Brand Engagement Network, Grupo Skye, KNOBLOCH Information Group and other healthcare ecosystem participants may explore opportunities to broaden clinical coverage, expand Spanish-language medical content and evaluate potential future applications of the platform within healthcare settings across Mexico and Latin America. Annonce • Apr 23
Brand Engagement Network, Inc. announced that it expects to receive $1.000561 million in funding from BEN Capital Fund I LLC Brand Engagement Network, Inc. entered into a Securities Purchase Agreement and announced a private placement of an aggregate 25,492 shares of the Company’s Common Shares at a purchase price per share of $39.25 for gross proceeds of $1,000,561 on April 21, 2026. The transaction involves participation from returning investor BEN Capital Fund I, LLC. The Purchase Price represents 120% of the closing price of the Company’s common stock on April 21, 2026. The investment will be funded in two installments of $250,101, which closed on April 21, 2026 and the remaining $750,460 expected to close before May 29, 2026. The SPA includes 100% warrant coverage. The first tranche consists of 6,372 Common Shares of the company at a price per Shares of $39.25 for gross proceeds of $250,101. Upon receipt by the company, for every $39.25 of the required amount received from each purchaser, the company shall cause its transfer agent to release one share of common stock and one common warrant. The securities being issued in this transaction are on a hold period. No broker or finder or other intermediary has been retained by to act on behalf of the purchaser or its affiliates. Annonce • Apr 01
Brand Engagement Network, Inc. announced delayed annual 10-K filing On 03/31/2026, Brand Engagement Network, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Annonce • Mar 09
Brand Engagement Network, Inc. announced that it has received $1.518 million in funding from BEN Capital Fund I LLC On March 9, 2026, the company issued 8000 common shares at an issue price of $63.25 for gross proceeds of $506,000 in its third and final tranche. The company issued a total of 24,000 shares at an issue price of $63.25 for gross proceeds of $1,518,000. Board Change • Feb 14
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Thomas Morgan is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Jan 01
Brand Engagement Network, Inc. has withdrawn its Follow-on Equity Offering. Brand Engagement Network, Inc. has withdrawn its Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Security Name: Common Warrants
Security Type: Equity Warrant Annonce • Nov 15
Brand Engagement Network, Inc. announced delayed 10-Q filing On 11/14/2025, Brand Engagement Network, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Oct 15
Brand Engagement Network, Inc., Annual General Meeting, Nov 26, 2025 Brand Engagement Network, Inc., Annual General Meeting, Nov 26, 2025. Location: 300 delaware avenue, suite 210, de 19801, wilmington United States Annonce • Sep 19
Brand Engagement Network, Inc. Announces Appointment of Ruy Carrasco, M.D. to Its Board of Directors, Effective on September 18, 2025 Brand Engagement Network, Inc. announced the appointment of Ruy Carrasco, M.D. to its Board of Directors, effective as of September 18, 2025. Dr. Carrasco, who has served as BEN's Chief Medical Informatics Officer since 2021, adds deep expertise in healthcare, informatics, and enterprise innovation to the Board. Industry engagement. At the upcoming Swiss Life Network Partners Conference in London on September 23–25, 2025, BEN is showcasing a new AI Agent for insurance workflows, developed with Swiss Life. The demonstration marks a significant milestone in applying BEN's technology to enterprise-scale insurance operations. Transaction update. As disclosed in BEN's Form 8-K filed with the SEC on September 17, 2025, the previously announced transaction with Cataneo was mutually agreed to be terminated. BEN respects Cataneo and its co-founders and appreciates their engagement. Under Tyler Luck's leadership, BEN is executing with focus and discipline, applying its secure AI platform to enterprise workflows in regulated industries. Annonce • Aug 28
Brand Engagement Network Receives Nasdaq Notification of Non-Compliance Due to Failure to Timely File Quarterly Report Brand Engagement Network Inc. (‘BEN’ or the ‘Company’) announced that on August 21, 2025, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying BEN that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) (the ‘Listing Rule’) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the ‘Quarterly Report’), with the Securities and Exchange Commission (‘SEC’). On August 15, 2025, BEN filed a Form 12b-25 Notification of Late Filing with the SEC related to the Quarterly Report. Under the Nasdaq rules, BEN has 60 calendar days from August 21, 2025, or until October 20, 2025, to regain compliance by filing the Quarterly Report or to submit to Nasdaq a plan to regain compliance with the Listing Rule. BEN intends to file the Quarterly Report as soon as possible. If BEN is unable to file the Quarterly Report by October 20, 2025, it intends to submit a plan with Nasdaq to regain compliance. If Nasdaq accepts BEN’s plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date for filing the Quarterly Report, or until February 17, 2026, to regain compliance. If Nasdaq does not accept BEN’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Notice has no immediate effect on the listing of the Company’s common stock on Nasdaq. Annonce • Aug 16
Brand Engagement Network, Inc. announced delayed 10-Q filing On 08/15/2025, Brand Engagement Network, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Price Target Changed • Aug 15
Price target decreased by 50% to US$2.00 Down from US$4.00, the current price target is provided by 1 analyst. New target price is 556% above last closing price of US$0.30. Stock is down 85% over the past year. The company is forecast to post a net loss per share of US$0.50 next year compared to a net loss per share of US$1.02 last year. Annonce • Jul 16
Brand Engagement Network Inc. Announces Chief Executive Officer Changes, Effective July 15, 2025 Brand Engagement Network Inc. announced that Janine Grasso has been appointed Interim Chief Executive Officer, replacing Paul Chang in this role effective July 15, 2025. She will continue serving on the Board of Directors, where she has contributed since February 2024, most recently as Chair of the Compensation Committee. Mr. Chang will remain on the Board of Directors and continue to contribute his vision and strategic guidance as BEN advances its innovation agenda and long-term growth plans.Ms. Grasso brings over two decades of experience leading high-growth, technology-driven organizations. She served as the Head of the Global Partner Ecosystem at DocuSign through early 2025. Previously, Ms. Grasso served as Vice President of Business Development at Verizon from 2019 to 2023, where she led a newly established business development organization. Before joining Verizon, Ms. Grasso spent 20 years at IBM, most recently as Vice President of Blockchain Ecosystem, leading the IBM Blockchain Strategy and Ecosystem Organization. Ms. Grasso received her B.B. A from the Pace University Lubin School of Business.
She has deep expertise in business development, operations, as well as in mergers and acquisitions, with a
strong track record of scaling emerging technologies and go-to-market platforms. Ms. Grasso is also
accomplished in building high-performing teams and fostering a culture of innovation and accountability. Her
leadership in enterprise AI strategy and digital transformation makes her uniquely positioned to guide BEN’s
next phase of growth. Annonce • Jul 02
Nasdaq Grants Extension to Brand Engagement Until December 29, 2025 to Regain Compliance with the Minimum Bid Price Requirement As previously reported, on December 30, 2024, Brand Engagement Network Inc. (the “Company”), received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for its common stock had been below $1.00 per share (the “Minimum Bid Price Requirement”) for 30 consecutive business days, it was no longer in compliance with the Minimum Bid Price Requirement for continued listing on The Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 days, or until June 30, 2025, to regain compliance with the Minimum Bid Price Requirement. On July 1, 2025, the Company received a letter (the “Extension Notice”) from Nasdaq notifying the Company that it has been granted an extension of 180 calendar days (the “Extension”), or until December 29, 2025, to regain compliance with the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a). If, at any time before December 29, 2025, the bid price for the Company’s common stock closes at $1.00 or more for a minimum of 10 consecutive business days, Nasdaq will provide written notification to the Company that it has regained compliance with the Minimum Bid Price Requirement (unless Nasdaq exercises its discretion to extend the 10-day period). As outlined by Nasdaq, and as part of its terms for granting the Extension, if the Company fails to maintain a stockholders’ equity value above $5,000,000 in its financials included in its Quarterly Report on Form 10-Q for the period ending June 30, 2025, Nasdaq will withdraw the Extension and issue a delisting determination. In that event, the Company would have the right to request a hearing before an independent Nasdaq Hearings Panel. The Company will continue to monitor the closing bid price of its common stock and consider implementing available options to regain compliance with the Minimum Bid Price Requirement. Specifically, the Company has confirmed to Nasdaq that, if necessary, it intends to implement a reverse stock split of its outstanding common stock (if approved by the Company’s stockholders) to regain compliance. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement during this 180-day Extension. If the Company does not regain compliance within the allotted extension period, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq Hearings Panel, although it would not be entitled to a stay of the suspension of trading of its common stock. The Company is committed to maintaining its listing on The Nasdaq Capital Market. Annonce • Jun 25
Brand Engagement Network, Inc., Annual General Meeting, Jul 22, 2025 Brand Engagement Network, Inc., Annual General Meeting, Jul 22, 2025. Location: -5rkshuakop5jcba/registration, United States Annonce • May 24
Brand Engagement Network Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) Brand Engagement Network Inc. announced that on May 21, 2025, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying BEN that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (“Quarterly Report”), with the Securities and Exchange Commission (“SEC”). On May 15, 2025, BEN filed a Form 12b-25 Notification of Late Filing with the SEC related to the Quarterly Report. Under the Nasdaq rules, BEN has 60 calendar days from May 21, 2025, or until July 20, 2025, to regain compliance by filing the Quarterly Report or to submit to Nasdaq a plan to regain compliance with the Listing Rule. BEN intends to file the Quarterly Report as soon as possible. If BEN is unable to file the Quarterly Report by July 20, 2025, it intends to submit a plan with Nasdaq to regain compliance. If Nasdaq accepts BEN’s plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date for filing the Quarterly Report to regain compliance. If Nasdaq does not accept BEN’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. BEN is working diligently to file its Quarterly Report as soon as possible. However, there can be no assurance that it will be able to make such filings within the 60-day period, in which case BEN intends to submit a plan with Nasdaq to regain compliance with the Listing Rule. Annonce • May 16
Brand Engagement Network, Inc. announced delayed 10-Q filing On 05/15/2025, Brand Engagement Network, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Apr 22
Brand Engagement Network Inc. Launches iSKYE AI Platform Brand Engagement Network Inc. announced the Generally Available (GA) release of its iSKYE platform to enable businesses to quickly deploy and scale customized AI solutions with enterprise grade security, flexibility and control. iSKYE is a new approach to AI Agent development by combining industry-specific training, robust full-stack platform, and scalable deployment. It enables businesses to regain control of their AI projects, build secure, relevant engagement solutions, and accelerate time to value. Whether it's sharing healthcare information or receiving relevant offers from favorite brands, BEN's new iSKYE platform individualizes each engagement vs.LLMs delivering generic responses. Key platform features include: Proprietary, Industry-Specific Design - iSKYE leverages several AI modules, industry-specific datasets to fine-tune its model, optimized Retrieval- Augmented Generation (RAG) architecture, and most importantly, to mitigate hallucinations. This novel architecture facilitates injection of business rules in the response generation process to ensure proper procedures, protocols, and adherence to business processes. Small Footprint for Cost-Effective Deployment - iSKYE's small footprint architecture allows for more efficient deployment with lower infrastructure and operational costs. It can run on CPUs, reducing energy consumption while maintaining performance and scalability, making AI more accessible without compromising user experience. Scalable, Adaptable Architecture for Seamless Integration -iSKYE integrates with existing workflows and legacy enterprise systems, supporting high-precision, industry-specific applications across sectors like healthcare, finance, and automotive. Its scalable design allows AI solutions to evolve alongside business needs, automating routine tasks to support teams and improve operational efficiency. Fully Customizable AI Agent - With iSKYE's built-in graphics studio, businesses can design lifelike 3D AI avatars tailored to their exact needs. From appearance, to gestures, to speech tone, every agent feature is configurable to align with brand goals and deliver a personalized customer experience. Enterprise-Grade Security and Compliance - iSKYE's closed-loop system ensures HIPAA and SOC2 compliance on U.S.-based cloud servers. The platform supports on-premise deployment and even offline usage, providing businesses assurance on data security and regulatory compliance. Looking ahead, BEN plans to expand the iSKYE platform with additional industry-specific solutions, white-label offerings, OEM partnerships, and plug-in modules to further enhance its flexibility and functionality. The company believe these innovations will help businesses unlock ever greater potential and drive more impactful AI-driven engagement across various sectors. (1)SKYE AI Agents were developed by Deep Machine Lab (DMLAB), which was acquired by BEN in 2023. New Risk • Apr 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (US$100k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$19m net loss in 3 years). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (US$11.8m market cap). Annonce • Feb 16
Brand Engagement Network, Inc. has filed a Follow-on Equity Offering. Brand Engagement Network, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Security Name: Common Warrants
Security Type: Equity Warrant New Risk • Feb 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$14m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue is less than US$1m (US$135k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$9.3m net loss in 3 years). Market cap is less than US$100m (US$15.6m market cap). Annonce • Jan 07
Brand Engagement Network, Inc. Receives Nasdaq Non-Compliance Notice Regarding Bid Price Rule On December 30, 2024, Brand Engagement Network Inc., a Delaware corporation (the Company") received a letter (the Notice") from the Listing Qualifications Department (the Staff") of The Nasdaq Stock Market LLC (Nasdaq")
notifying the Company that, for the previous 30 consecutive business days, the closing bid price for the Company's common stock, par value $0.0001 per share (the Common Stock"), had been below the minimum $1.00 per
share required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1) (the Bid Price Requirement"). The Notice has no effect at this time on the Common Stock, which continues to trade on The
Nasdaq Global Market under the symbol BNAI". In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until June 28, 2025 (the Compliance Date"), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the bid price for the Common Stock closes at $1.00 or more for a minimum of 10 consecutive business days, the Staff will provide written notification to the Company that it has regained compliance with the Bid Price Requirement (unless the Staff exercises its discretion to extend the 10-day period). If the Company is not in compliance with the Bid Price Requirement by the Compliance Date, the Company may qualify for a second 180 calendar day period to regain compliance with the Bid Price Requirement. To qualify for an additional compliance period, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the Bid Price Requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not qualify for or fails to regain compliance during the second compliance period, then the Staff will provide written notification to the Company that its Common Stock will be subject to delisting. At that time, the Company may appeal the Staff's delisting determination to the Nasdaq Listing Qualifications Panel. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination, that such an appeal would be successful. The Company intends to monitor the closing bid price of its Common Stock and is evaluating available options, including seeking to effect a reverse stock split, to resolve the noncompliance matters described herein and intends to take appropriate steps to maintain its listing on Nasdaq. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Requirement. Annonce • Dec 23
Brand Engagement Network, Inc. and Cataneo GmbH to Leverage AI with Radio Industry Leaders Brand Engagement Network Inc. and Cataneo GmbH announced a collaborative pilot program with Vybroo and Grupo Siete aimed at modernizing Mexico's radio advertising landscape. By combining BEN's trusted AI technology with Cataneo's MYDAS platform, radio stations could benefit from streamlined advertising workflows, driving engagement, and enhancing the overall listener experience across Mexico's radio market. Vybroo, a prominent Mexican radio broadcasting network, and Grupo Siete intend to pilot the program in key markets, including Mexico City, Culiacan, Mazatlan, and Guasave. The program will offer AI-driven solutions for ad placement, inventory management, and campaign optimization, providing advertisers with tools for greater efficiency and precision. BEN's AI enhances consumer engagement through personalized, interactive content, while Cataneo's tools optimize real-time ad management. This pilot and BEN's earlier announcement on its intent to acquire Cataneo demonstrates the commitment to advancing AI-driven solutions for targeted industries including media platforms. New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$14m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$14m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (US$135k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$9.3m net loss in 3 years). Market cap is less than US$100m (US$30.3m market cap). Annonce • Oct 30
Brand Engagement Network, Inc. (NasdaqCM:BNAI) entered into a Share Purchase and Transfer Agreement to acquire Cataneo GmbH from Cuneo AG and Cutv GmbH, Christian Unterseer for $19.5 million. Brand Engagement Network, Inc. (NasdaqCM:BNAI) entered into a Share Purchase and Transfer Agreement to acquire Cataneo GmbH from Cuneo AG and Cutv GmbH, Christian Unterseer for $19.5 million on October 29, 2024. The Company for an aggregate purchase price of $19.5 million, consisting of (i) $9 million in cash and (ii) 4.2 million shares of the Company’s common stock, par value $0.001 per share at an agreed upon value of $2.50 per share, subject to customary adjustments and offsets as further described herein. Prior to the closing of the Acquisition, the Sellers may elect to convert a portion of the Equity Consideration to cash for up to $3 million at a price per share of $2.50. Additionally, an aggregate of 400,000 shares of BEN Common Stock issued as part of the Equity Consideration shall be subject to an escrow arrangement for a period of one year following Closing Date. The Company intends to finance the transaction through third-party financing, which may take the form of debt or equity. In case of termination of transaction, Cuneo AG and Cutv GmbH will pay a termination fee of $0.35 million. Renato Rocha Pinto will continue as Cantaneo’s Chief Executive Officer after the acquisition.
The transaction is subject to conditions, including, (i) the making of the Cash Election, (ii) the initiation of the process to register for resale the Equity Consideration, (iii) written confirmation that the Company has not received any delisting notice or similar notification affecting its listing status with the NASDAQ, (iv) the execution by one or several of the Company’s major stockholders of a personal guarantee of the Agreed Share Value (as defined therein) for a period of one year following the Closing Date, (v) the obtaining of joint approval of the terms of the financing of the cash purchase price of the Acquisition, (vi) the receipt of customary third-party approvals and the release of the Sellers from customary bank guarantees, securities and indemnities, and (vii) the Company’s board of directors’ approval of the Company’s due diligence investigation. The Company intends to finance the transaction through third-party financing, which may take the form of debt or equity. The transaction is exepcted to closed in the fourth quarter of 2024. Annonce • Aug 23
Brand Engagement Network Inc. Announces CEO Changes Brand Engagement Network Inc. announced the promotion of Paul Chang to CEO. In his new role, Paul’s unique expertise, and his long-term experience on BEN’s leadership team, will enable a seamless continuation of operations and execution of the company’s ongoing strategy. With Chang’s promotion, BEN Co-CEO Michael Zacharski will step down from his position with the company. Buy Or Sell Opportunity • Aug 16
Now 23% undervalued Over the last 90 days, the stock has risen 63% to US$1.83. The fair value is estimated to be US$2.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 1,513% over the last year. Earnings per share has declined by 116%. Revenue is forecast to grow by 6,050% in 2 years. Earnings are forecast to decline by 30% in the next 2 years. New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Revenue is less than US$1m (US$85k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$22m net loss in 2 years). Market cap is less than US$100m (US$81.3m market cap). Annonce • Jul 30
Brand Engagement Network, Inc. to Report Q2, 2024 Results on Aug 14, 2024 Brand Engagement Network, Inc. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024 Annonce • May 30
Brand Engagement Network Inc. Promotes Paul Chang to Co-CEO Brand Engagement Network Inc. announced that Paul Chang has been promoted to Co-CEO, bringing his unique perspective to the leadership team alongside Co-CEO Michael Zacharski. Mr. Chang joined BEN as its Global President in May 2023 after 18 years at IBM creating new markets for emerging technologies and roles at multiple start-ups. As Co-CEO, Mr. Chang will have responsibility over the entire BEN commercial operations focused on market validation and commercial growth of the business. Mr. Zacharski will focus on inorganic growth opportunities, including through M&A and other strategic transactions. New Risk • May 13
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Revenue has declined by 100% over the past year. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$48.9m market cap). Annonce • May 03
Brand Engagement Network, Inc. to Report Q1, 2024 Results on May 14, 2024 Brand Engagement Network, Inc. announced that they will report Q1, 2024 results After-Market on May 14, 2024 Annonce • Apr 20
Brand Engagement Network, Inc. announced that it has received $1.9 million in funding from J.V.B. Financial Group, LLC Brand Engagement Network, Inc. announced a private placement that it has issued a convertible promissory note to new investor, J.V.B. Financial Group, LLC in the principal amount of $1,900,000 on April 18, 2024. Beginning on October 14, 2024, interest will accrue at the fixed rate of 8% per annum on the outstanding principal amount until the Cohen Convertible Note is paid in full. Interest is payable monthly in cash or in-kind at the election of the Company. The Company may prepay the Cohen Convertible Note in whole or in part at any time or from time to time without penalty or premium. The Company may be required to prepay all or a portion of the Cohen Convertible Note upon the consummation of certain capital raising activities as described therein. The maturity date of the Cohen Convertible Note is March 14, 2025. The offering and sale of the Cohen Convertible Note and the Conversion Shares was made in a private placement transaction exempt for registration in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended. Board Change • Mar 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Mar 22
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (22% average weekly change). 