Brand Engagement Network Inc. (NASDAQ:BNAI) is a company that focuses on enhancing brand engagement through innovative solutions. On December 12, 2025, BNAI will undergo a significant change with a 1-for-10 reverse stock split. This means that for every ten shares of BNAI common stock, shareholders will receive one share. This move is aimed at consolidating the company's shares and potentially increasing the stock's market price.
The reverse stock split will not affect the number of authorized shares or the par value of BNAI's common stock. Post-split, BNAI will continue trading on the Nasdaq Capital Market, with trading on a split-adjusted basis starting from the market open on December 12, 2025. The new CUSIP number for BNAI will be 104932 207, ensuring a smooth transition for investors.
Currently, BNAI's stock is priced at $2.65, reflecting a decrease of 6.69% with a change of $0.19. The stock has experienced fluctuations, with a daily low of $2.58 and a high of $2.74. Over the past year, BNAI's stock has seen a high of $11.80 and a low of $2.31, indicating significant volatility in its market performance.
BNAI's market capitalization is approximately $11.96 million, with a trading volume of 210,791 shares on the NASDAQ exchange. The reverse stock split is a strategic move that may help stabilize the stock's price and attract more investors. Additionally, no fractional shares will be issued; instead, stockholders entitled to fractional shares will receive a cash payment equivalent to the fractional share amount.
