Brand Engagement shares surge 65.20% premarket after terminating $50M equity purchase agreement, reducing dilution and strengthening balance sheet.

Brand Engagement Network Inc. (Nasdaq: BNAI) surged 65.20% in premarket trading following the termination of its $50 million Standby Equity Purchase Agreement with YA II PN, Ltd., an affiliate of Yorkville Advisors. The move, announced February 5, 2026, eliminated potential future dilution and strengthened the company’s balance sheet by avoiding further equity sales. The termination occurred after only one drawdown post-reverse stock split and with no outstanding obligations. The company also highlighted recent private placements and warrant exercises that reduced debt and improved liquidity. CEO Tyler Luck emphasized a disciplined capital strategy, aligning with the positive market reaction. The termination of the dilutive financing facility directly supported the sharp premarket rally.