LOS ANGELES, CA - January 30, 2026 (NEWMEDIAWIRE) - Brand Engagement Network Inc. (NASDAQ: BNAI) announced on Wednesday that it generated approximately $1.46 million in cash proceeds from the exercise of warrants, incentive stock options, and long-term incentive plan awards, and converted $737,500 of outstanding debt into shares of common stock, resulting in the issuance of an aggregate 93,313 shares. The company said the transactions strengthened its balance sheet and simplified its capital structure, bringing total common shares outstanding to an estimated 5,778,514, with a public float of approximately 3,129,047 shares.

The company also provided an update on its public warrants, noting that following its 1-for-10 reverse stock split effective Dec. 12, 2025, the warrant exercise price was adjusted to $115.00 per share and the number of underlying shares to 1,644,096, representing potential gross proceeds of approximately $189.1 million if fully exercised, while adding that certain platforms have not yet fully reflected the post-split adjustments and are being updated.

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About Brand Engagement Network Inc.

Brand Engagement Network Inc. (“BEN”) is a provider of secure, enterprise-grade artificial intelligence solutions that enable natural conversations, workflow automation, and real-world execution across text, voice, and avatar-based experiences. Designed for regulated and high-impact industries, BEN delivers highly personalized, multimodal AI within secure, closed-loop environments - helping organizations modernize operations, improve decision-making, and enhance customer engagement. BEN’s platform is powered by proprietary technology, including its Engagement Language Model (ELM), and is built with governance, compliance, and reliability embedded by design.

For more information, visit the company’s website at www.BrandEngagementNetwork.com

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.

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