Prospectus
Supplement No. 12
(to
Prospectus dated April 25, 2024) |
|
Filed
Pursuant to Rule 424(b)(3)
Registration
No. 333-278673 |
Prospectus
Supplement No. 8
(to
Prospectus dated August 13, 2024) |
|
Registration
No. 333-280366
Registration
No. 333-282132 |
Prospectus
Supplement No. 4
(to
Prospectus dated September 25, 2024) |
|
Registration
No. 333-282130 |
Prospectus
Supplement No. 4
(to
Prospectus dated September 25, 2024) |
|
|
BRAND
ENGAGEMENT NETWORK INC.
46,752,838
Shares of Common Stock (Inclusive of 21,190,316 Shares of Common Stock
Underlying
Warrants, 1,583,334 Shares of Common Stock Underlying Convertible Notes and 163,407 Shares of Common Stock Underlying Options)
6,126,010
Warrants to Purchase Common Stock
6,393,333 Shares
of Common Stock (Inclusive of 4,200,000 Shares of Common Stock
Underlying
Warrants)
28,370,786
Shares of Common Stock
3,598,943
Shares of Common Stock (Inclusive of 960,000 Shares of Common Stock
Underlying
Warrants)
This
prospectus supplement updates and supplements (i) the prospectus of Brand Engagement Network Inc., a Delaware corporation (the “Company,”
“we,” “us” or “our”), dated April 25, 2024, which forms a part of our Registration Statement on Form
S-1, as amended (Registration No. 333-278673) (the “April Prospectus”), (ii) the prospectus dated August 13, 2024, which
forms a part of our Registration Statement on Form S-1, as amended (Registration No. 333-280366) (the “August Prospectus”),
(iii) the prospectus dated September 25, 2024, which forms a part of our Registration Statement on Form S-1 (Registration No. 333-282132)
(the “SEPA Prospectus”) and (iv) the prospectus dated September 25, 2024, which forms a part of our Registration Statement
on Form S-1 (Registration No. 333-282130) (the “September Prospectus”, together with the April Prospectus, the August Prospectus
and the SEPA Prospectus, the “Prospectuses”). This prospectus supplement is being filed to update and supplement the information
in the Prospectuses with the information contained in our Current Report on Form 8-K, filed with the Securities and Exchange Commission
(the “SEC”) on November 8, 2024. Accordingly, we have attached the Form 8-K to this prospectus supplement.
This
prospectus supplement should be read in conjunction with the Prospectuses. This prospectus supplement updates and supplements the information
in the Prospectuses. If there is any inconsistency between the information in the Prospectuses and this prospectus supplement, you should
rely on the information in this prospectus supplement.
Our
common stock, par value $0.0001 per share (the “Common Stock”) and the public warrants representing the right to acquire
one share of Common Stock for $11.50 (the “Public Warrants”), are listed on Nasdaq under the symbols “BNAI,”
and “BNAIW”, respectively. On November 7, 2024, the last reported sales price of the Common Stock was $0.9783 per share,
and the last reported sales price of our Public Warrants was $0.0216 per Public Warrant. We are an “emerging growth company”
and a “smaller reporting company” as defined under the U.S. federal securities laws and, as such, may elect to comply with
certain reduced public company reporting requirements for this and future filings.
Investing
in our securities involves risk. See “Risk Factors” beginning on page 6 of the April Prospectus, page 7 of the August Prospectus,
page 9 of the SEPA Prospectus and page 8 of the September Prospectus to read about factors you should consider before investing in shares
of our Common Stock and Public Warrants.
Neither
the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed
upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The
date of this prospectus supplement is November 8, 2024
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November
7, 2024
BRAND
ENGAGEMENT NETWORK INC.
(Exact
name of registrant as specified in its charter)
| Delaware |
|
001-40130 |
|
98-1574798 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
145
E. Snow King Ave
PO
Box 1045
Jackson,
WY 83001
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (312)
810-7422
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Common
Stock, par value $0.0001 per share |
|
BNAI |
|
The
Nasdaq Stock Market LLC |
| Redeemable
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share |
|
BNAIW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Appointment
of Chief Financial Officer and Chief Operating Officer
On
November 7, 2024, the Board of Directors (the “Board”) of the Company appointed Walid Khiari to serve as the Chief Financial
Officer and Chief Operating Officer of the Company, effective on the day immediately following the filing of the Company’s Quarterly
Report on Form 10-Q for the quarter ended September 30, 2024 (the “Appointment Date”). On November 7, 2024, the Company and
Mr. Khiari entered into a letter agreement (the “Khiari Letter Agreement”) setting forth certain terms of Mr. Khiari’s
employment and the compensation he is to receive in his new role, including but not limited to (i) an annual base salary of $400,000,
(ii) an award of 600,000 incentive stock options (the “Stock Options”) to be effective as of the Appointment Date with
an exercise price that is equal to the fair market value of the Company’s common stock, par value
$0.0001 per share on the Appointment Date and will vest in equal monthly amounts over four years, subject to Mr. Khiari’s continuous
service on each such date, (iii) beginning with the fiscal year of 2026 and each fiscal year thereafter, an annual equity award, no less
favorable than annual equity awards made to the Company’s other non-CEO senior executive officers during that year and with a value
no less than the median value of the annual equity awards provided to chief financial officers of a peer group of publicly traded companies
to be established by the compensation committee on behalf of the Company, with input from Mr. Khiari, each fiscal year, and (iv) an annual
performance bonus of up to 100% of Mr. Khiari’s salary.
Pursuant
to the Khiari Letter Agreement, the parties agreed to enter into an employment agreement and indemnification agreement within 30 days
of the Appointment Date.
Mr.
Khiari, age 49, has over twenty years of experience in finance, including technology banking, during which time he worked with
software companies of various sizes from startups to large, publicly-traded corporations. Prior to joining the Company, Mr. Khiari
served as the Managing Director of Technology, Media and Telecommunications at Houlihan Lokey from 2021 to 2023, as the Managing Director
of Technology Investment Banking at Rothschild & Co. from 2017 to 2020, and as the Director of Technology Investment Banking at Credit
Suisse from 2012 to 2017. Mr. Khiari also served as the Vice President of Technology Investment Banking at Merrill Lynch from 2007 to
2012. Mr. Khiari’s appointment brings to the Company significant experience in capital raising, mergers and acquisitions and strategic
planning. Mr. Khiari graduated from the University of Paris Pantheon-Sorbonne with honors and received his MBA from the Wharton School
at the University of Pennsylvania.
There
are no arrangements or understandings between Mr. Khiari and any other persons pursuant to which he was selected to serve as the Company’s
Chief Financial Officer and Chief Operating Officer. There is no family relationship between Mr. Khiari and any director or executive
officer of the Company.
Item 7.01 Regulation FD Disclosure
On November 8, 2024, the Company
issued a press release announcing the appointment of Mr. Khiari as the Chief Financial Officer and Chief Operating Officer of the Company.
A copy of the press release is attached as Exhibit 99.1 to this Report. The Company undertakes no obligation to update, supplement or
amend the materials attached hereto as Exhibit 99.1.
The information included under
Item 7.01 (including Exhibit 99.1) is furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of
that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filing, except
as shall be expressly set forth by specific reference in such filing.
Item 9.01 Exhibits and Financial Statements.
(d) Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
| |
BRAND
ENGAGEMENT NETWORK INC. |
| |
|
|
| |
By: |
/s/
Paul Chang |
| |
Name: |
Paul
Chang |
| |
Title: |
Chief
Executive Officer |
| |
|
|
| |
Dated:
November 8, 2024 |
Exhibit
99.1
BEN
Appoints Walid Khiari as New CFO and COO, Driving Growth and Innovation
JACKSON,
Wyo., Nov. 8, 2024 – Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), a global leader in secure and reliable
conversational AI solutions, proudly announces the appointment of Walid Khiari as Chief Financial Officer (CFO) and Chief Operating Officer
(COO), effective November 18, 2024. This strategic leadership addition underscores BEN’s commitment to growth, innovation, and
financial excellence.
Walid
Khiari, newly appointed CFO and COO of Brand Engagement Network Inc.
With
over 20 years of experience in finance, including 15 years as a technology investment banker advising software companies, from high-growth
startups to publicly traded giants, Mr. Khiari brings an unmatched depth of expertise in capital raising, mergers and acquisitions, and
strategic planning. His extensive experience with firms like Merrill Lynch, Credit Suisse, Rothschild & Co, and Houlihan Lokey in
Silicon Valley has shaped him into a trusted leader, ideally suited to fuel BEN’s next global expansion stage.
Mr.
Khiari, a University of Paris Pantheon-Sorbonne honors graduate with an MBA from the Wharton School at the University of Pennsylvania,
is widely recognized for his strategic insights and expansive network in the technology sector. His deep understanding of the tech landscape
positions BEN to capitalize on emerging opportunities and strengthen its market leadership.
“I
am honored to join BEN, a company at the forefront of AI and conversational technology,” said Mr. Khiari. “BEN’s dedication
to delivering secure, scalable, and intuitive AI solutions aligns perfectly with my passion for using technology to drive industry transformation.
I look forward to working with BEN’s talented team to accelerate our growth and bring exceptional value to our customers and partners.”
Outgoing
CFO Bill Williams, a key architect of BEN’s financial strategy since its inception, shared his confidence in the new leadership.
“It has been a privilege to contribute to BEN’s journey,” said Mr. Williams. “I am proud of our achievements,
and I am confident that Walid’s leadership, vision, and profound grasp of the global tech landscape will drive BEN toward unprecedented
success.”
Paul
Chang, CEO of BEN, welcomed the new appointment with enthusiasm. “We are excited to have Walid join BEN as we enter an exciting
phase of growth and innovation,” said Mr. Chang. “His remarkable experience and forward-thinking approach align seamlessly
with our mission to redefine customer experiences through cutting-edge AI. Under Walid’s leadership, BEN is well-positioned to
advance our strategic objectives and solidify our status as a leader in the conversational AI space.”
About
BEN
Brand
Engagement Network is a global leader providing secure and reliable conversational AI solutions for businesses and consumers. With offices
in Jackson, Wyoming, and Seoul, South Korea, BEN offers a powerful and flexible platform that enhances customer experiences, boosts productivity,
and delivers business value. At the heart of BEN’s offerings are AI-powered digital assistants and lifelike avatars, providing
more personal and engaging experiences through browsers, mobile applications, and even life-size kiosks. These safe, intelligent, and
inherently scalable AI solutions empower businesses to efficiently serve customers using validated data delivered through SaaS, Private
Cloud, and On-Premises technology. BEN’s commitment to data sovereignty ensures that consumer and business data remain private,
protected, and wholly owned by the respective parties. BEN’s mission is to make AI friendly and helpful for all, ensuring more
people benefit from the AI-enhanced world. For more information about BEN’s safe, intelligent, scalable AI, please visit www.beninc.ai.
Forward-Looking
Statements
This
communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, that are not historical facts and involve risks and uncertainties
that could cause actual results of BEN to differ materially from those expected and projected. These forward-looking statements can be
identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “continue,”
“estimates,” “expects,” “intends,” “may,” “plans,” “potential,”
“predicts,” “projects,” “should,” “will,” or “would,” or, in each case, their
negative or other variations or comparable terminology.
These
forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from
the expected results. Most of these factors are outside BEN’s control and are difficult to predict. Factors that may cause such
differences include, but are not limited to, the risk factors that are described under the section titled “Risk Factors”
in BEN’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q subsequently filed with the Securities and Exchange Commission.
BEN
cautions that the foregoing list of factors is not exclusive. BEN cautions readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. BEN does not undertake nor does it accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is based, and it does not intend to do so unless required by applicable law.
Further information about factors that could materially affect BEN, including its results of operations and financial condition, is set
forth under “Risk Factors” in BEN’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q subsequently filed
with the Securities and Exchange Commission.
BEN
Contacts:
Investor
Relations
Susan
Xu
E:
susan@irlabs.ca
P: 778-323-0959
Media
Contact
Amy
Rouyer
E:
amy@beninc.ai
P:
503-367-7596
Source:
Brand Engagement Network, Inc. (BEN)
Brand Engagement Network (NASDAQ:BNAIW)
過去 株価チャート
から 10 2024 まで 11 2024
Brand Engagement Network (NASDAQ:BNAIW)
過去 株価チャート
から 11 2023 まで 11 2024
