Brand Engagement Network Inc. - Common Stock (BNAI)

U.S. stock futures lower, with Dow futures down over 1%. BETA Technologies (NYSE: BETA) fell in pre-market trading after reporting fourth-quarter results. Other stocks declining in pre-market trading include Zymeworks (NASDAQ: ZYME), Olema Pharmaceuticals (NASDAQ: OLMA), Brand Engagement Network (NASDAQ: BNAI), Aura Biosciences (NASDAQ: AURA), Tevogen Bio Holdings (NASDAQ: TVGN), ArcelorMittal SA (NYSE: MT), Invivyd (NASDAQ: IVVD), ORIC Pharmaceuticals (NASDAQ: ORIC), York Space Systems (NYSE: YSS), and Heartland Express (NASDAQ: HTLD).

Recent expansion updates, a surge in retail interest, and a low stock float appear to be powering the stock.

Brand Engagement Network (NASDAQ: BNAI) stock jumped Thursday after the company terminated a $50 million standby equity purchase agreement.

Brand Engagement Network ended the $50 million Standby Equity Purchase Agreement with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP.

The company received $818,302 in cash from the warrants exercise and secured a $1.5 million private placement

Brand Engagement Network shot into the retail spotlight after announcing an AI licensing partnership deal in South Africa last week.