Brand Engagement Network Implements 1-for-10 Stock Split Strategy

Author: Evelyn Baker Updated: 12-02-2025 04:12 PM

Brand Engagement Network Announces Stock Split Plan

Brand Engagement Network Inc. (NASDAQ: BNAI) has made an important announcement regarding its stock structure. The company will carry out a 1-for-10 reverse stock split, which signifies a strategic move to enhance shareholder value. This decision aims to improve the overall market perception and viability of the company’s common stock.

Details of the Reverse Stock Split

The reverse stock split will take place at 12:01 a.m. Eastern Time, resulting in every ten shares combining into one share. While such actions often raise questions among investors, it’s crucial to note that this split will not change the total number of authorized shares, nor will it alter the par value of the common stock.

Impact on Trading

Following the split, shares will continue to trade on The Nasdaq Capital Market under the ticker symbol "BNAI". The transition will commence on a split-adjusted basis at the market's opening. This strategic measure reflects a positioning effort aimed at future growth while maintaining regulatory compliance.

Cash in Lieu of Fractional Shares

A key component to be aware of in this process is the treatment of fractional shares. No fractional shares will be issued; instead, stockholders eligible for a fractional share will receive a cash payment equivalent to the value of the fractional shares. This is calculated based on the closing price of the common stock from the trading day prior to the stock split.

Exchange Agent Details

Continental Stock Transfer & Trust Company will serve as the exchange agent overseeing the reverse stock split. This arrangement means that stockholders holding shares either in book-entry format or through a broker will experience automatic adjustments to their accounts. No action is required on their part, ensuring a seamless transition.

About Brand Engagement Network, Inc.

Brand Engagement Network, Inc. (BEN) is at the forefront of innovating artificial intelligence solutions tailored for regulated and customer-centric sectors. With a strong focus on compliance and enhanced customer interaction, the company has developed conversational AI agents powered by its proprietary Engagement Language Model (ELM™). These agents are designed to work across various platforms including chat, voice, and digital channels.

Intellectual Property and Market Reach

The company's innovative approach has resulted in the issuance of 21 patents and a growing portfolio of intellectual property. It has seen early adoption of its technology in numerous sectors such as life sciences, healthcare, financial services, and retail. Further developments in these industries could lead to even greater market impact.

Frequently Asked Questions

What is a reverse stock split?

A reverse stock split is when a company reduces the number of its outstanding shares while increasing the share price correspondingly. This often aims to improve the perception of the stock and maintain listing requirements.

How will the reverse stock split affect my shares?

Your total investment will remain the same, but the number of shares you own will decrease while the value per share will increase proportionally.

Why does a company conduct a reverse stock split?

Companies often perform reverse stock splits to increase their stock price, meet listing requirements, or change market perceptions.

What should stockholders do during the reverse stock split?

Most stockholders do not need to take any action. Adjustments will be made automatically where applicable.

Where can I find more information about Brand Engagement Network?

For further details on the company and its activities, you can visit their official page at www.beninc.ai.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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