Brand Engagement shares surge 58.64% premarket after terminating $50M equity facility to reduce dilution and strengthen balance sheet.

Brand Engagement Network Inc. (BNAI) surged 58.64% in premarket trading following its announcement to terminate a $50 million Standby Equity Purchase Agreement with YA II PN, Ltd. The move, effective immediately, strengthens the company’s balance sheet by eliminating potential dilution and reducing capital structure complexity. The termination aligns with recent financing activities, including a $1.518 million premium private placement and warrant exercises, which have bolstered liquidity. CEO Tyler Luck emphasized the decision reflects a disciplined capital strategy as the firm scales revenue-generating AI deployments. With no outstanding obligations under the terminated facility and reduced share dilution risks, the action is viewed as a positive step toward stabilizing the company’s financial position.