Brand Engagement Network Secures $5.925M From Private Placement And Enters $50M Standby Equity Purchase Agreement With Yorkville Advisors To Support Strategic Growth And AI Production Expansion
Portfolio Pulse from Benzinga Newsdesk
Brand Engagement Network (BNAI) has secured $5.925 million from a private placement and entered a $50 million standby equity purchase agreement with Yorkville Advisors. This funding will support BNAI's strategic growth and AI production expansion.
August 26, 2024 | 12:32 pm
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Brand Engagement Network (BNAI) has secured significant funding through a private placement and a standby equity purchase agreement with Yorkville Advisors, totaling $55.925 million. This will aid in their strategic growth and AI production expansion.
The secured funding and equity purchase agreement provide BNAI with substantial capital to support its strategic initiatives and AI production expansion. This is likely to positively impact BNAI's stock price in the short term as it indicates strong financial backing and growth potential.
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RELEVANCE 100