Brand Engagement Network Inc. (BNAI) Form 10-Q — Aug 14, 2026
Brand Engagement Network's 10-Q for the quarter ended June 30, 2026 discloses substantial doubt about its ability to continue as a going concern, with just $708,202 in cash against a $5.6 million six-month operating cash burn and a $62.1 million accumulated deficit. Management says it needs to raise additional capital and cannot conclude such financings are probable. The quarter's centerpiece was the June 30, 2026 acquisition of Munich-based Cataneo GmbH, whose MYDAS platform manages more than €6 billion in annual advertising inventory across 1,000+ media brands.
Key figures
- Eps
- -1
- Revenue
- 264394
- Revenue Yoy
- six-month revenue rose to $264,394 from $15,000 in the prior-year period
- Total Assets
- 30704872
- Cash Position
- 708202
- Cataneo goodwill
- 10758547
- Cataneo cash paid
- 9000043
- Shares outstanding
- 7488046
- Accumulated deficit
- 62066889
- Cataneo intangibles
- 3893198
- Hana bank repayment
- 630332
- Reverse split ratio
- 1-for-10 (December 12, 2025)
- Stockholders equity
- 19440097
- Cataneo 2025 revenue
- more than EUR 8.6 million
- Debt repaid jan 2026
- 640332
- Accelevate investment
- 1000000
- Q2 revenue gross profit
- 160083
- Related party revenue q2
- 103521
- Sepa facility terminated
- $50 million
- Net cash from financing 6m
- 15943291
- Cataneo ad inventory managed
- more than EUR 6 billion annually across 1,000+ media brands
- Cataneo stated consideration
- $19.5 million
- Private placement march 2026
- $1.5 million at $63.25 per share (24,000 shares)
- Warrant exercise proceeds 6m
- approximately $5.5 million
- Cataneo fair value consideration
- 13704522
- Cohen convertible note principal in default
- 1900000
Price after filing
Close on the filing date to close N calendar days later (from $15.90). Historical, not a forecast.
AI analysis
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