Brand Engagement Network, Inc. Completes Significant Liability Reduction in Q4 2025

Brand Engagement Network, Inc. (BEN) announced a substantial reduction in its outstanding liabilities during the fourth quarter of 2025, totaling approximately $2.5 million. This reduction was achieved through a combination of debt-to-equity conversions, negotiated settlements, and payments. Specifically, on December 20, 2025, the Company entered into conversion agreements with several long-term investors, converting an aggregate of $1,250,004 in debt and other liabilities into equity at a price of $2.10 per share. This included $899,934 in loans and $350,070 in short-term liabilities. Earlier, on December 18, 2025, the Company had converted $504,684 of affiliate debt into equity at the same price. Further liability reductions were realized through a $250,010 decrease in accounts payable and the settlement of vendor-related obligations amounting to approximately $487,306. These comprehensive actions have collectively reduced BEN's outstanding liabilities by $2,492,004 in Q4 2025, strengthening its capital structure and enhancing operational flexibility. The company noted that these transactions were conducted under exemptions from registration requirements.