{"id":858820,"date":"2025-06-10T06:05:25","date_gmt":"2025-06-10T10:05:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/"},"modified":"2025-06-10T06:05:25","modified_gmt":"2025-06-10T10:05:25","slug":"ben-secures-3-5-million-line-of-credit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/","title":{"rendered":"BEN Secures $3.5 Million Line of Credit"},"content":{"rendered":"
\n

WILMINGTON, Del., June 10, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc<\/strong>. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced it has entered into a $3.5 million line of credit agreement with Corps Capital Advisors, LLC, a Texas-based investment firm.<\/p>\n

Under the terms of the agreement, BEN may draw up to $3.5 million in revolving credit until the facility\u2019s maturity on December 5, 2025. The line of credit accrues interest at a fixed rate of 10.0% per annum and may be prepaid at any time without penalty. As of the date of this announcement, no amounts have been drawn under the facility.<\/p>\n

\u201cThis flexible credit facility strengthens our liquidity as we continue scaling our operations and executing our long-term growth strategy,\u201d said Walid Khiari, CFO and COO of Brand Engagement Network. \u201cWe appreciate the support from Corps Capital Advisors and the availability of additional financial resources as we pursue key strategic initiatives.\u201d<\/p>\n

The agreement includes customary terms and conditions, including events of default related to nonpayment, insolvency, and other standard financial and non-financial covenants. A copy of the agreement has been filed with the U.S. Securities and Exchange Commission.<\/p>\n

\n About Brand Engagement Network (BEN)<\/strong>
\n
Brand Engagement Network Inc. (NASDAQ: BNAI) innovates in AI-powered customer engagement, delivering safe, intelligent, and scalable solutions. Its proprietary Engagement Language Model (ELM\u2122) and Retrieval-Augmented Generation (RAG) architecture enable highly personalized interactions supported by customers\u2019 curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based or on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement. For more information, visit www.beninc.ai<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong>
\n
Certain statements in this communication are “forward-looking statements” within the meaning of federal securities laws. They are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, BEN\u2019s current expectations, assumptions, plans, strategies, and anticipated results. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.<\/p>\n

There are a number of risks, uncertainties and conditions that may cause BEN\u2019s actual results to differ materially from those expressed or implied by these forward-looking statements, including but not limited to the risk factors described in Part I, Item 1A of Risk Factors in BEN\u2019s Annual Report on Form 10-K for the year ended\u00a0December 31, 2023\u00a0and the other risk factors identified from time to time in the BEN\u2019s other filings with the\u00a0Securities and Exchange Commission\u00a0(the “SEC”). Filings with the\u00a0SEC\u00a0are available on the\u00a0SEC’s\u00a0website at\u00a0http:\/\/www.sec.gov<\/a>.<\/p>\n

Many of these circumstances are beyond BEN\u2019s ability to control or predict. These forward-looking statements necessarily involve assumptions on BEN\u2019s part. These forward-looking statements may include words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” “should,” “may,” “will,” “might,” “could,” “would,” or similar expressions. All forward-looking statements attributable to the Company or persons acting on BEN\u2019s behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this communication. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to the Company and speak only as of the date they are made. BEN disclaims any intention or obligation to update or revise publicly any forward-looking statements.<\/p>\n

\n Media Contact<\/strong>\u00a0
Amy Rouyer
P: 503-367-7596
E: amy@beninc.ai<\/a><\/p>\n

\n Investor Relations<\/strong>
\n
Susan Xu
P:\u00a0778-323-0959
E:\u00a0sxu@allianceadvisors.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

WILMINGTON, Del., June 10, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced it has entered into a $3.5 million line of credit agreement with Corps Capital Advisors, LLC, a Texas-based investment firm. Under the terms of the agreement, BEN may draw up to $3.5 million in revolving credit until the facility\u2019s maturity on December 5, 2025. The line of credit accrues interest at a fixed rate of 10.0% per annum and may be prepaid at any time without penalty. As of the date of this announcement, no amounts have been drawn under the facility. \u201cThis flexible credit facility strengthens our liquidity as we continue scaling our operations and … <\/p>\n

Continue reading “BEN Secures $3.5 Million Line of Credit”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-858820","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBEN Secures $3.5 Million Line of Credit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BEN Secures $3.5 Million Line of Credit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WILMINGTON, Del., June 10, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced it has entered into a $3.5 million line of credit agreement with Corps Capital Advisors, LLC, a Texas-based investment firm. Under the terms of the agreement, BEN may draw up to $3.5 million in revolving credit until the facility\u2019s maturity on December 5, 2025. The line of credit accrues interest at a fixed rate of 10.0% per annum and may be prepaid at any time without penalty. As of the date of this announcement, no amounts have been drawn under the facility. \u201cThis flexible credit facility strengthens our liquidity as we continue scaling our operations and … Continue reading "BEN Secures $3.5 Million Line of Credit"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-10T10:05:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BEN Secures $3.5 Million Line of Credit\",\"datePublished\":\"2025-06-10T10:05:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/\"},\"wordCount\":650,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/\",\"name\":\"BEN Secures $3.5 Million Line of Credit - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=\",\"datePublished\":\"2025-06-10T10:05:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ben-secures-3-5-million-line-of-credit\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BEN Secures $3.5 Million Line of Credit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BEN Secures $3.5 Million Line of Credit - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/","og_locale":"en_US","og_type":"article","og_title":"BEN Secures $3.5 Million Line of Credit - Market Newsdesk","og_description":"WILMINGTON, Del., June 10, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced it has entered into a $3.5 million line of credit agreement with Corps Capital Advisors, LLC, a Texas-based investment firm. Under the terms of the agreement, BEN may draw up to $3.5 million in revolving credit until the facility\u2019s maturity on December 5, 2025. The line of credit accrues interest at a fixed rate of 10.0% per annum and may be prepaid at any time without penalty. As of the date of this announcement, no amounts have been drawn under the facility. \u201cThis flexible credit facility strengthens our liquidity as we continue scaling our operations and … Continue reading \"BEN Secures $3.5 Million Line of Credit\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-10T10:05:25+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BEN Secures $3.5 Million Line of Credit","datePublished":"2025-06-10T10:05:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/"},"wordCount":650,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/","name":"BEN Secures $3.5 Million Line of Credit - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=","datePublished":"2025-06-10T10:05:25+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjA0MCM2OTgzNDkxIzIyODU5MDA="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ben-secures-3-5-million-line-of-credit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"BEN Secures $3.5 Million Line of Credit"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/858820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=858820"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/858820\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=858820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=858820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=858820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}