Jack Codera

Jack Vander Aarde

- Brand Engagement Network Inc. reported its **Q2 2025 financial results** on **October 14, 2025**, showing **revenue of $5,000** compared to none in Q2 2024.  **[1838163_0001493152-25-018020_ex99-1.htm:0]** **[1838163_0001493152-25-018020_form8-k.htm:1]** **[1838163_0001493152-25-018020_ex99-2.htm:2]** 
- The company achieved a **net income of $0.9 million** in Q2 2025, a significant improvement from a net loss of $3.0 million in Q2 2024.  **[1838163_0001493152-25-018020_ex99-1.htm:0]** **[1838163_0001493152-25-018020_ex99-2.htm:2]** 
- **Operating expenses decreased by 55.6%** to **$2.8 million** in Q2 2025, and **stockholders' equity increased 126%** to **$5.9 million** from year-end 2024, reflecting strengthened financial health and streamlined operations.  **[1838163_0001493152-25-018020_ex99-1.htm:0]** **[1838163_0001493152-25-018020_ex99-2.htm:2]** 
- Management noted that a delay in the Q2 10-Q filing was due to deliberate decisions to strengthen the company's foundation through cost reductions and positive management changes.  **[1838163_0001493152-25-018020_ex99-2.htm:1]**

Brand Engagement Network Inc. Reports Q2 2025 Financial Results

- Brand Engagement Network (BEN) reported **revenue of $5,000** for the second quarter ended June 30, 2025, reflecting early traction in its conversational AI solutions, compared to none in Q2 2024.  **[1838163_20251014PH97042:0]** 
- The company achieved a **net income of $0.9 million** in Q2 2025, a significant improvement from a net loss of **$3.0 million** in Q2 2024.  **[1838163_20251014PH97042:0]** 
- Operating expenses decreased by **55.6%** to **$2.8 million** in Q2 2025, down from **$6.3 million** in Q2 2024, driven by streamlined operations and strategic cost optimization.  **[1838163_20251014PH97042:0]** 
- Stockholders' equity increased **126%** to **$5.9 million** from **$2.6 million** at year-end 2024, reflecting improved financial health.  **[1838163_20251014PH97042:0]**

BEN Reports Second Quarter 2025 Results

- Brand Engagement Network (BEN) appointed **Ruy Carrasco, M.D.**, its Chief Medical Informatics Officer since 2021, to its Board of Directors, effective **September 18, 2025**.  **[1838163_20250919CL77626:0]** 
- BEN is set to debut a new **AI Agent for insurance workflows**, developed in collaboration with **Swiss Life**, at the Swiss Life Network Partners Conference in London from **September 23–25, 2025**.  **[1838163_20250919CL77626:0]** 
- The previously announced transaction with **Cataneo was mutually agreed to be terminated**, as disclosed in BEN's Form 8-K filed on **September 17, 2025**.  **[1838163_20250919CL77626:0]**

Brand Engagement Network Appoints New Board Member, Debuts AI Agent, and Terminates Cataneo Transaction

- Brand Engagement Network Inc. **terminated** its Share Purchase and Transfer Agreement to acquire **Cataneo GmbH** on **September 14, 2025**.  **[1838163_0001493152-25-014109_form8-k.htm:1]** 
- In connection with the termination, the Company will make a final payment of **$100,000**, bringing the total non-refundable payments to approximately **$650,000**.  **[1838163_0001493152-25-014109_form8-k.htm:1]** 
- The Company believes this termination **streamlines focus and capital allocation** on core growth programs and active customer deployments.  **[1838163_0001493152-25-014109_form8-k.htm:4]** 
- On **September 17, 2025**, **Ruy Carrasco, M.D.**, the Company's Chief Medical Informatics Officer, was appointed to the Board of Directors.  **[1838163_0001493152-25-014109_form8-k.htm:2]**

Brand Engagement Network Inc. terminates acquisition agreement and appoints new director

- Brand Engagement Network Inc. (BNAI) received a notice from Nasdaq on **August 21, 2025**, indicating non-compliance with Listing Rule 5250(c)(1).  **[1838163_0001641172-25-025734_form8-k.htm:0]** **[1838163_0001641172-25-025734_ex99-1.htm:1]** 
- This non-compliance is due to BNAI's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended **June 30, 2025**.  **[1838163_0001641172-25-025734_form8-k.htm:0]** **[1838163_0001641172-25-025734_ex99-1.htm:1]** 
- BNAI has **60 calendar days** from August 21, 2025, or until **October 20, 2025**, to regain compliance by filing the report or submitting a plan to Nasdaq.  **[1838163_0001641172-25-025734_form8-k.htm:0]** **[1838163_0001641172-25-025734_ex99-1.htm:1]** 
- The notice has **no immediate effect** on the listing of BNAI's common stock on Nasdaq.  **[1838163_0001641172-25-025734_form8-k.htm:1]** **[1838163_0001641172-25-025734_ex99-1.htm:1]**

Brand Engagement Network (BNAI)