Brand Engagement Network (BNAI) gets fresh cash from warrant exercise
Rhea-AI Filing Summary
Brand Engagement Network Inc. (BNAI) reported that on August 27, 2026 it issued 15,138 shares of common stock to BEN Capital Fund I, LLC upon the cash exercise of previously issued warrants, generating $259,125.60 in aggregate cash proceeds. Of these, 15,126 shares were issued at an exercise price of $17.10 per share and 12 shares at $39.25 per share, and none of the exercised warrants remain outstanding after this transaction. The shares were issued as restricted securities in reliance on Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D, meaning they cannot be freely resold in the United States without registration or an applicable exemption.
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Filing Explained
On
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Shares issued upon warrant exercise: 15,138 shares
Aggregate cash proceeds: $259,125.60
Exercise price tranche 1: $17.10 per share
+2 more
5 metrics
Shares issued upon warrant exercise
15,138 shares
Common stock issued on August 27, 2026 to BEN Capital Fund I, LLC
Aggregate cash proceeds
$259,125.60
Proceeds received from cash exercise of previously issued warrants
Exercise price tranche 1
$17.10 per share
15,126 shares issued at this exercise price
Exercise price tranche 2
$39.25 per share
12 shares issued at this exercise price
Public warrant exercise price
$115.00 per share
Each listed redeemable warrant (BNAIW) exercisable for one share of common stock
Key Terms
cash exercise, restricted securities, Section 4(a)(2) of the Securities Act of 1933, Regulation D, +1 more
5 terms
cash exercise financial
"issued 15,138 shares of its common stock ... upon the cash exercise"
restricted securities regulatory
"The shares were issued pursuant to Section 4(a)(2) ... are restricted securities"
Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.
Section 4(a)(2) of the Securities Act of 1933 regulatory
"The shares were issued pursuant to Section 4(a)(2) of the Securities Act of 1933"
Regulation D regulatory
"and/or Regulation D promulgated thereunder, are restricted securities"
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
Redeemable Warrants financial
"Redeemable Warrants, each whole warrant exercisable for one share"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
FAQ
What did BNAI announce regarding warrant exercises on August 27, 2026?
Brand Engagement Network Inc. announced it issued 15,138 shares of common stock to BEN Capital Fund I, LLC upon the cash exercise of previously issued warrants, for $259,125.60 in proceeds. After this, none of the exercised warrants remain outstanding.
How much cash did Brand Engagement Network Inc. (BNAI) receive from the warrant exercise?
Brand Engagement Network Inc. received $259,125.60 in aggregate cash proceeds from the cash exercise of warrants that resulted in the issuance of 15,138 shares of common stock to BEN Capital Fund I, LLC.
What happened to the exercised warrants of BNAI after the transaction?
Following the August 27, 2026 transaction, none of the exercised warrants remain outstanding. They were converted into 15,138 shares of Brand Engagement Network Inc. common stock upon cash exercise by BEN Capital Fund I, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
