Brand Engagement Network Inc.

Brand Engagement Network Inc. provided an update on cost reductions following its acquisition of Cataneo GmbH. The company anticipates incurring approximately $177,000 in one-time exit costs, mainly for severance and notice pay, with most expected to be paid in the first half of 2027. These actions are expected to yield additional annualized cost reductions of $290,000 and $725,000, bringing the total expected annualized cost reductions to approximately $1.919 million. The majority of these savings are anticipated in 2027.

Brand Engagement Network Inc. announced that the operations acquired through its June 30, 2026 acquisition of Cataneo GmbH generated approximately $5.3 million in revenue for the first half of 2026. This marks a significant increase in the company's revenue scale, as its prior quarterly revenue was modest. Additionally, the company anticipates realizing about $900,000 in annualized cost synergies from the acquisition.

Brand Engagement Network Inc. announced capital activity updates for July 1-22, 2026, resulting in a total balance sheet improvement of approximately $789,017.30. This improvement stemmed from $460,867.30 in gross proceeds from equity issuances and warrant exercises, and $328,150 in conversions of outstanding obligations into equity. Key transactions included a $275,000 conversion of CEO deferred compensation and a $53,150 debt-to-equity conversion with BEN Capital Fund I, LLC.

Brand Engagement Network Inc. announced the appointment of Christian Unterseer to its Board of Directors, effective July 1, 2026. This appointment follows the company's acquisition of Cataneo GmbH, which Mr. Unterseer founded in September 2002. He brings extensive experience from leading media organizations, including his prior role as CEO of Home Shopping Europe UK. Mr. Unterseer will receive equity compensation in accordance with the company's policy.

Brand Engagement Network Inc. finalized an employment agreement with CEO Tyler Luck, effective June 1, 2026, through June 1, 2029. The agreement sets his annual base salary at $360,000 and includes one-time payments totaling $275,000 for past services. Additionally, Mr. Luck received an option to purchase 100,000 shares, with 25,000 vesting immediately. The agreement also outlines significant performance-based compensation tied to company milestones, including Russell 1000 listing, patent licensing revenue, and market capitalization thresholds.

Brand Engagement Network Inc. (BEN) has completed its acquisition of Cataneo GmbH, a German enterprise software provider, for an aggregate purchase price of $19.5 million. The consideration included $9 million in cash and 250,792 shares of BEN's common stock. Cataneo, which generated over €8.6 million in revenue in 2025, operates the MYDAS platform managing over €6 billion in annual advertising inventory, and the acquisition is expected to enhance BEN's AI integration into real-world operational environments and expand its commercial platform.

Brand Engagement Network Inc. announced its inclusion in the Russell 3000® and Russell 2000® Indexes, effective June 26, 2026, enhancing its market visibility. Additionally, the company reported significant capital activity during the second quarter of 2026, raising approximately $7.36 million in gross proceeds from equity issuances and warrant exercises. These proceeds, along with a reduction in liabilities, have strengthened the company's balance sheet.

Brand Engagement Network Inc. announced that the sellers of Cataneo GmbH have satisfied all pre-closing obligations and conditions for its $19.5 million acquisition. The purchase price consists of $9 million in cash and 250,792 shares of BEN common stock, valued at $37.88 per share. This update signals the imminent closing of the acquisition, with Christian Unterseer expected to join the Company's Board of Directors.

Brand Engagement Network Inc. (BEN) announced the formation of INTERVENT Health AI, Inc., a 50/50 joint venture with INTERVENT International, LLC. The new entity will focus on developing, deploying, and commercializing AI-powered health coaching solutions by combining BEN's conversational AI with INTERVENT's clinically validated methodologies and healthcare datasets. Key terms include exclusive five-year North American commercialization rights for BEN's subsidiary, SKYE AI USA, LLC, and a 35% revenue share for BEN from certain North American activities.

Brand Engagement Network Inc. (BEN) announced a $1 million strategic investment in HighTide Energy, Inc. d/b/a Accelevate Solutions, securing an initial 10% ownership stake. To support this and future expansion, BEN secured a $1 million equity capital commitment from its investors through a private placement of 56,150 common shares at $17.82 per share, totaling $1,000,593 in gross proceeds. The funds will be used to exercise a warrant to increase BEN's ownership in Accelevate to approximately 20%, furthering their shared vision to advance AI-powered fleet intelligence solutions across North America, Latin America, and Africa.