Brand Engagement Network Inc. (NASDAQ:BNAI) is set to undergo a significant change with a 1-for-10 reverse stock split on December 12, 2025. This means that for every 10 shares currently held, shareholders will receive 1 new share. The reverse stock split is a strategic move to consolidate shares and potentially enhance the stock's market perception.
The reverse stock split will not affect the number of authorized shares or the par value of BNAI's common stock. This means that while the number of shares held by investors will decrease, the overall structure of the company's stock remains unchanged. The stock will continue to trade on the Nasdaq Capital Market under the same symbol, BNAI, but with a new CUSIP number, 104932 207.
Currently, BNAI is priced at $0.26, having experienced a decrease of 6.09% today. The stock's trading range for the day has been between $0.26 and $0.28. Over the past year, BNAI has seen a high of $1.18 and a low of $0.23, indicating some volatility in its trading pattern. The reverse stock split may help stabilize the stock's price by reducing the number of shares available in the market.
BNAI's market capitalization is approximately $11.97 million, with a trading volume of 1,537,663 shares. The reverse stock split could potentially impact these figures by altering the stock's price and trading dynamics. Additionally, no fractional shares will be issued; instead, stockholders entitled to fractional shares will receive a cash payment equivalent to the fractional share amount, ensuring that all shareholders are fairly compensated.
