QualityStocksNewsBreaks – Brand Engagement Network Inc. (NASDAQ: BNAI) Reports Warrant Exercises, Debt Conversion, and Public Warrants Update
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…
