Brand Engagement Network Inc.
Brand Engagement Network Inc. Issues Convertible Promissory Note
Summary
On April 12, 2024, Brand Engagement Network Inc. issued a $1,900,000 convertible promissory note to J.V.B. Financial Group, LLC. The note, issued in a private placement exempt from registration, accrues interest at 8% per annum from October 14, 2024, and can be converted into common stock beginning December 14, 2024. The conversion is subject to certain conditions, including a floor price of $1.20 per share.
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About Brand Engagement Network Inc.
Brand Engagement Network Inc. is a company specializing in delivering unique engagement solutions for brands across various sectors. Its primary function is to enhance brand visibility and consumer interaction through innovative technologies and personalized marketing strategies. The company plays a pivotal role in the intersection of technology and advertising, impacting industries such as retail, entertainment, and digital media. By leveraging advanced data analytics and consumer insights, Brand Engagement Network Inc. helps clients optimize their marketing efforts, ensuring targeted audience reach and improving overall brand loyalty. This has established the company as a key player in the evolving landscape of digital marketing, where engagement and customer experience are essential for brand success.
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