Brand Engagement Network Reduces Debt by Over $1.2M Through Equity Conversion and Settlements

Brand Engagement Network, Inc. (NASDAQ:BNAI) ("BEN" or the "Company"), a developer of secure and governed multimodal artificial intelligence solutions for regulated industries, today announced actions that strengthened its balance sheet through the conversion of debt into equity and the reduction of outstanding liabilities.

 

On December 17, 2025, BEN Capital Fund One LLC, a long-term investor of the Company, converted $504,684 of matured debt into equity at a conversion price of $2.10 per share, fully satisfying the related principal, accrued interest, and loan fees.

Additionally, the Company has reduced outstanding liabilities through negotiated settlements and payments with third-party counterparties, including more than $250,010 reduction in accounts payable and the complete satisfaction of a vendor-related obligations exceeding $487,306. Collectively, these actions have reduced the Company's outstanding liabilities by more than $1,242,000, significantly improving the Company's balance sheet and financial flexibility.