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The latest update is out from Brand Engagement Network (BNAI).
Brand Engagement Network Inc. has struck a deal with investors to sell nearly 2 million shares and double that number in warrants, aiming to raise $4.95 million. The innovative financing structure allows investors to pay in installments, unlocking shares and warrants from escrow with each payment. Additionally, the company has appointed Paul Chang as Co-CEO, leveraging his extensive experience from his tenure at IBM. This strategic move, combined with the fundraising effort, signals a robust phase of growth and governance for the company as it continues to scale its operations.
For detailed information about BNAI stock, go to TipRanks’ Stock Analysis page.