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Brand Engagement Network Provides Second Quarter Update Completes $ 19.5 Million Cataneo Acquisition ; Total Assets Nearly Double to $ 30.7 Million Approximately $ 3.3 million reduction in accounts payable , short - term debt , and warrant liabilities | Shareholders ' equity increases to $ 19.4 million | Company files Form 10 - Q for the Second Quarter of 2026 View the press release on PR Newswire WILMINGTON , Del . , Aug. 14 , 2026 / PRNewswire / -- Brand Engagement Network Inc. ( Nasdaq : BNAI ) ( " BEN " or the " Company " ) , an Al technology company powering intelligent engagement , today announced the filing of its Quarterly Report on Form 10 - Q for the three- and six - month periods ended June 30 , 2026. The quarter marked a significant milestone for BEN with the acquisition of Cataneo GmbH , which combines BEN's technology with Cataneo's platform , talent , customers , industry expertise , and established global market presence to create new opportunities across intelligent engagement , media , and monetization . - Cataneo Acquisition – Bringing Intelligent Engagement to Media and Enterprise On June 30 , 2026 , the Company completed the acquisition of 100 % of Cataneo GmbH , a Germany - based media and advertising technology company . Cataneo brings an established technology platform , customer relationships , industry expertise , and operating capabilities that provide BEN with new opportunities to apply its Al and intelligent engagement technology to transform customer experiences and develop new solutions across the media and advertising ecosystem . The total stated aggregate consideration under the definitive agreement was $ 19.5 million . For U.S. GAAP accounting purposes , the consideration transferred was measured at its acquisition - date fair value of approximately $ 13.7 million , consisting of ( i ) cash of approximately $ 9 million , ( ii ) the fair value of common stock issued of approximately $ 4.3 million , and ( iii ) other consideration of approximately $ 0.4 million . The acquisition significantly expanded the Company's asset base , with total assets rising from $ 15.3 million on December 31 , 2025 , to $ 30.7 million on June 30 , 2026 , driven primarily by approximately $ 10.8 million of goodwill and additional intangible assets related to Cataneo . Strengthening the Balance Sheet Accounts payable decreased by $ 1.8 million , and short - term debt decreased by nearly $ 1.0 million . Combined with a reduction in warrant liabilities , these balance - sheet items declined by about $ 3.3 million . Shareholders ' equity increased to $ 19.4 million as of June 30 , 2026 , up from $ 3.5 million as of December 31 , 2025 . Cash and cash equivalents increased to $ 708,000 as of June 30 , 2026 , from $ 172,000 as of December 31 , 2025 .