Brand Engagement Network Inc. (BNAI) has completed its previously announced acquisition of Cataneo GmbH, a German limited liability company. The transaction closed on June 30, 2026, for an aggregate purchase price of $19.5 million.
Key Details
- Transaction Value: The total consideration was $19.5 million, composed of $9 million in cash and 250,792 shares of BNAI common stock valued at an agreed-upon price of $37.88 per share.
- Timeline & Funding: The Share Purchase and Transfer Agreement was initially signed on April 30, 2026, and the acquisition was completed on June 30, 2026. The cash portion was funded through the sale of common stock and warrants prior to closing.
- Acquired Company Financials: For its fiscal year 2025, Cataneo GmbH reported revenues of €8,636,708.