BEN Announces Private Placement at Premium to Market Price, Promotion of Paul Chang to Co-CEO
Brand Engagement Network Inc. (BNAI)
Company Research
Source: Business Wire
JACKSON, Wyo.--(BUSINESS WIRE)--Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of personalized customer engagement AI, today announced it has closed a private placement with existing investors of its common stock and warrants to purchase common stock in the aggregate amount of $4.95 million, providing the Company with increased financial flexibility to continue the development of its human-like, business-safe conversational AI assistants. Concurrently, BEN announced that Paul Chang has been promoted to Co-CEO, bringing his unique perspective to the leadership team alongside Co-CEO Michael Zacharski.“The moves we are announcing today represent a powerful vote of confidence in our strategy from our Board, executive team, and our existing investors,” said the Chairman of BEN’s Board of Directors, Chris Gaertner. “This investment will allow BEN to continue to fund its business plan as it seeks to execute on its growth and revenue strategies.”The investment,
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News
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- Brand Engagement Network, Inc.'s (NASDAQ:BNAI) most bullish insider, Senior Key Executive Tyler Luck must be pleased with the recent 25% gain [Yahoo! Finance]Yahoo! Finance
- BEN Collaborates with SAIL, of Weill Cornell Medical Center, to Explore AI Applications for Physician Training & Patient Engagement [Yahoo! Finance]Yahoo! Finance
- BEN Collaborates with SAIL, of Weill Cornell Medical Center, to Explore AI Applications for Physician Training & Patient EngagementGlobeNewswire
BNAI
Sec Filings
- 6/20/24 - Form S-1
- 5/29/24 - Form 424B3
- 5/29/24 - Form 8-K
- BNAI's page on the SEC website