BNAI · Brand Engagement Network, Inc.

Brand Engagement Network, Inc. executed a Securities Purchase Agreement (SPA) with Ben Capital Fund I, LLC on April 21, 2026, securing a total capital commitment of approximately $1.0 million through the sale of 25,492 shares of common stock. The pricing at $39.25 per share reflects a significant 120% premium over the closing market price on the agreement date, suggesting strong investor conviction or specific negotiated terms. The transaction structure involves an initial closing of $250,101 concurrent with the agreement date, with the remaining $750,460 contingent on a second closing expected before May 29, 2026. The inclusion of 100% warrant coverage provides additional upside potential to the investor. Separately, the Company reported robust capital generation from existing holders, receiving $1,114,164 in April from warrant exercises, indicating active participation by current investors. Collectively, these activities strengthen the Company's liquidity position.