Brand Engagement Network Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
View on SEC.govAbout this filing
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FY2023 · Filed Apr 1, 2024
BNAI$4.49+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31,2023 | December 31,2022 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash | $40,167 | $212,608 |
| Due from Sponsor | 3,000 | 1,500 |
| Prepaid expenses and other current assets | 1,667 | 61,530 |
| Total Current Assets | 44,834 | 275,638 |
| Trust Receivable | 16,824 | — |
| Cash and securities held in Trust Account | 22,040,092 | 313,913,217 |
| TOTAL ASSETS | $22,101,750 | $314,188,855 |
| LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | ||
| Current Liabilities: | ||
| Accrued expenses | $7,370,094 | $5,440,933 |
| Advance from related parties | 650,000 | — |
| Total Current Liabilities | 8,020,094 | 5,440,933 |
| Warrant Liability | 328,820 | 164,410 |
| Deferred underwriting fee payable | 433,231 | 10,830,775 |
| Total Liabilities | 8,782,145 | 16,436,118 |
| Commitments and Contingencies | ||
| Class A ordinary shares subject to possible redemption; 2,057,453 and 30,945,072 shares at a redemption value of $10.72 and $10.14 per share at December 31, 2023 and 2022, respectively | 22,056,915 | 313,913,217 |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at December 31, 2023 and 2022 | — | — |
| Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued and outstanding (excluding 2,057,453 and 30,945,072 shares subject to possible redemption at December 31, 2023 and 2022, respectively) | — | — |
| Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,736,268 shares issued and outstanding at December 31, 2023 and 2022 | 774 | 774 |
| Additional paid-in capital | 4,253,964 | — |
| Accumulated deficit | (12,992,048) | (16,161,254) |
| Total Shareholders’ Deficit | (8,737,310) | (16,160,480) |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | $22,101,750 | $314,188,855 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.