Brand Engagement Network terminates $50 million equity agreement

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Go back to Brand Engagement Network terminates $50 million equity agreement

Brand Engagement Network Terminates $50 Million Standby Equity Purchase Agreement, Strengthening Balance Sheet and Reducing Potential Dilution

February 5, 2026 6:10 AM EST

WILMINGTON, Del., Feb. 5, 2026 /PRNewswire/ -- Brand Engagement Network, Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), a provider of secure, enterprise-grade artificial intelligence solutions, today announced the termination of its Standby Equity Purchase Agreement dated August 26, 2024, with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP. The Agreement previously permitted the Company to sell up to $50 million of its common stock to the investor from time to time.

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