Brand Engagement shares surge 24.74% premarket after terminating $50M equity agreement to strengthen balance sheet and reduce dilution.

Brand Engagement Network Inc. (NASDAQ: BNAI) surged 24.74% in premarket trading following the termination of its $50 million Standby Equity Purchase Agreement with YA II PN, Ltd. The move, effective immediately, eliminated potential dilution and strengthened the company’s balance sheet, with no outstanding obligations under the facility. The termination aligns with the firm’s disciplined capital strategy, as highlighted by CEO Tyler Luck, and follows a 1-for-10 reverse stock split in December 2025. Additionally, the company recently closed the first installment of a $1.518 million premium private placement, with further closings anticipated in early 2026. These actions signal improved financial stability and reduced shareholder dilution, directly supporting the stock’s sharp premarket rise.