Brand Engagement Network Inc 8-K, filed Oct 16, 2026
Brand Engagement Network Inc. (BNAI)
About this 8-K
Brand Engagement Network Inc filed this 8-K on October 16, 2026, reporting on events of September 30, 2026.
On September 30, 2026, Brand Engagement Network Inc. entered a Settlement Agreement with Evora Partners, LLC to pay $825,000 to settle approximately $1.3 million owed, with $175,000 paid and $650,000 due through December 2026, and Evora dismissing its September 2, 2026 lawsuit. AI summary
Items reported
- Item 1.01: Entered into a material agreement
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Item 1.01 Entry into a Material Definitive Agreement.
On September 30, 2026, Brand Engagement Network Inc. (the “Company”), BEN Capital Fund I, LLC (“Guarantor”), and Evora Partners, LLC (“Evora”) entered into a Settlement and Forbearance Agreement (“Settlement Agreement”), pursuant to which Evora agreed to accept a settlement amount of $825,000 (inclusive of a $75,000 reimbursement for Evora’s attorneys’ fees), a discount to the amount of approximately $1.3 million owed by the Company to Evora under a January 2021 consulting agreement between the Company (then known as DHC Acquisition Corp.) and Evora, as amended, which amount has been reflected on the Company’s balance sheet under accounts payable. The Company has paid $175,000 of the settlement amount and will pay the remaining $650,000 in installments through December 2026, with Guarantor guaranteeing payment.
Under the Settlement Agreement, Evora will also dismiss the lawsuit it commenced against the Company on September 2, 2026, in the United States District Court for the Southern District of New York, captioned Evora Partners, LLC v. Brand Engagement Network Inc., which asserted claims for breach of contract and declaratory relief.
The foregoing description of the material terms of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Settlement Agreement, which the Company expects to file as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Brand Engagement Network Inc. | ||
| Date: October 15, 2026 | ||
| By: | /s/ Tyler Luck | |
| Name: | Tyler Luck | |
| Title: | Chief Executive Officer | |