BEN Announces Private Placement at Premium to Market Price, Secures $50 Million Standby Equity Purchase Agreement
Brand Engagement Network Inc. (BNAI)
Company Research
Source: GlobeNewswire
JACKSON, Wyo., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of safe and secure customer engagement AI, today announced it has closed a private placement with existing investors to purchase shares of BEN’s common stock in the aggregate amount of $5.925 million. Concurrently, BEN announced that it has entered into a $50 million Standby Equity Purchase Agreement (“SEPA”) with Yorkville Advisors. Together, these two transactions provide the Company with increased financial flexibility and access to capital in support of strategic growth initiatives, expanded market validation, and production scaling of its human-like, conversational AI assistants. The private placement is backed by a group of existing BEN stockholders, who agreed to purchase 1.185 million shares of common stock at $5.00 per share, materially above the current trading price of the Company’s common stock. For each share purchased, investors received an add
Show less
Read more
Impact Snapshot
Event Time:
BNAI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BNAI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BNAI alerts
High impacting Brand Engagement Network Inc. news events
Weekly update
A roundup of the hottest topics
BNAI
News
- BEN Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- BEN Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- BEN Appoints Walid Khiari as New CFO and COO, Driving Growth and InnovationGlobeNewswire
- BEN Announces Date of Third Quarter 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- BEN Announces Date of Third Quarter 2024 Financial Results Conference CallGlobeNewswire
BNAI
Sec Filings
- 11/21/24 - Form 3
- 11/14/24 - Form 424B3
- 11/14/24 - Form 424B3
- BNAI's page on the SEC website