Brand Engagement Network sells $1.05 million of stock at $8.50, above $7.07 close
Brand Engagement Network agreed on September 21, 2026 to sell 123,650 common shares at $8.50 each in a private placement for $1,051,025 gross, a premium of more than 20% to the $7.07 close on September 21. Only $150,025 is funded at the initial closing, with the remaining $901,000 due in five monthly installments through February 5, 2027, and the buyers also receive six-month warrants at $8.50 for up to 123,650 more shares, so shareholders face dilution if the deal is completed.
Key points
- 123,650 shares at $8.50 per share, $1,051,025 gross, sold equally to BEN Capital Fund I, LLC and Joseph Bevash
- $150,025 (17,650 shares) funded at the initial closing; $901,000 due in five monthly installments of $180,200 from October 5, 2026 to February 5, 2027
- Common warrants with 100% coverage, a $8.50 exercise price and a six-month term, exercisable for up to 123,650 shares if fully funded
- Sold under Securities Act private placement exemptions, with piggy-back registration rights on the next Form S-1
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.