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Brand Engagement Network Inc. 8-K Report: Key Financial Insights & Stock Details

$BNAI
Form 8-K
Filed on: 2025-01-17
Source
Brand Engagement Network Inc. 8-K Report: Key Financial Insights & Stock Details

Based on the provided XML financial report segment, here are the key insights and information extracted:

  1. Entity Information:
  • Company Name: Brand Engagement Network Inc.
  • CIK: 0001838163
  • Address: 145 E. Snow King Ave, PO Box 1045, Jackson, WY 83001
  • Phone: (307) 757-3650
  • SEC Filing Type: 8-K
  1. Filing Date:
  • The report is for the date January 17, 2025.
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.0001 per share.
    • Ticker Symbol: BNAI (traded on NASDAQ).
  • Redeemable Warrants:
    • Each whole warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share.
    • Ticker Symbol: BNAIW (traded on NASDAQ).
  1. Units of Measurement:
  • The financial measures are reported in USD (United States Dollar) and Shares.
  1. Context:
  • The information pertains to the class of stock and redeemable warrants as of the filing date, indicating the company's current financial instruments and their specific characteristics.

Insights:

  • This report indicates that Brand Engagement Network Inc. is actively maintaining transparency with regulators by filing an 8-K, which typically reports significant events or changes within the company.
  • The presence of both common stock and redeemable warrants suggests that the company may be utilizing these instruments for capital raising or incentivizing investment.
  • The exercise price of the redeemable warrants ($11.50) may provide insight into the company's valuation strategy and market position at the time of reporting.

Overall, this section provides crucial details about the company's securities and their respective characteristics, which can be useful for investors and analysts assessing the company's financial health and strategy.