Brand Engagement Network Expects $1.92 Million in Annualized Cost Reductions

• Brand Engagement Network expects approximately $1.92 million in annualized cost reductions following its June 30, 2026, acquisition of Cataneo.
• Phase I projected $904,000 in annual savings; substantially completed Phases II and III should contribute approximately $290,000 and $725,000, respectively.
• Most expected run-rate savings should materialize in 2027, with some savings starting later because one contract ends in September.
• Estimated one-time exit costs total approximately $177,000, primarily severance and notice pay.
• Substantially all exit costs will require cash expenditures, mostly during the first half of 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brand Engagement Network Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-047680), on October 20, 2026, and is solely responsible for the information contained therein.