Brand Engagement Network Announces a 1-for-10 Reverse Stock Split
Rhea-AI Summary
Brand Engagement Network (NASDAQ: BNAI) will effect a 1-for-10 reverse stock split of its common stock effective at 12:01 a.m. ET on December 12, 2025. At the effective time, every ten shares will be combined into one share; the reverse split does not change the number of authorized shares or the par value.
The common stock will continue to trade on The Nasdaq Capital Market under the symbol BNAI and will begin trading on a split-adjusted basis at market open on December 12, 2025. The new CUSIP will be 104932207. Fractional shares will be paid in cash based on the prior trading-day closing price. Continental Stock Transfer & Trust Company is the exchange agent; brokerage-held and book-entry accounts will be adjusted automatically.
Positive
- Consolidates shares via a 1-for-10 reverse split effective Dec 12, 2025
- Common stock will remain listed on Nasdaq Capital Market under BNAI
- Fractional holdings converted to cash in lieu based on pre-split closing price
Negative
- None.
Following the reverse stock split, the Company's common stock will continue trading on The Nasdaq Capital Market under the ticker symbol "BNAI" and will begin trading on a split-adjusted basis at market open on December 12, 2025. The new CUSIP number will be 104932 207.
Cash in Lieu of Fractional Shares
No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise receive a fractional share will receive a cash payment equal to the fractional share amount multiplied by the closing price of the Company's common stock on the trading day immediately prior to the effective time.
Continental Stock Transfer & Trust Company is acting as the exchange agent for the reverse stock split. Stockholders holding shares in book-entry or through a broker will have their accounts automatically adjusted and do not need to take any action.
Further details are available in the Company's Form 8-K filed with the Securities and Exchange Commission on December 1, 2025.
About Brand Engagement Network, Inc. (BEN)Brand Engagement Network, Inc. (BEN) (Nasdaq: BNAI) develops conversational AI agents built for regulated and customer-centric industries. Its proprietary Engagement Language Model (ELM™) with retrieval-augmented generation enables enterprises to deploy multimodal, compliance-first AI across chat, voice, avatar, and digital channels. With 21 issued patents, a growing IP portfolio, and early adoption across life sciences, healthcare, insurance, financial services, hospitality, retail, and automotive, BEN is positioned at the intersection of enterprise AI adoption and rising regulatory demand. For more information, visit www.beninc.ai.
Forward-Looking Statements
This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the reverse stock split and related expectations. Actual results may differ materially due to risks and uncertainties involving market conditions, operational and regulatory factors, technology changes, competitive dynamics, and other risks detailed in our SEC filings. We do not undertake to update these statements except as required by law.
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SOURCE Brand Engagement Network, Inc. (BEN)
FAQ
What does the 1-for-10 reverse split mean for BNAI shareholders on Dec 12, 2025?
Will BNAI keep trading on Nasdaq after the reverse split?
How are fractional BNAI shares handled after the 1-for-10 reverse split?
Do BNAI shareholders need to take action for the reverse split?
Who is acting as exchange agent for the BNAI reverse stock split?
Will the reverse split change BNAI's authorized shares or par value?
