Brand Engagement Network (BNAI) announced its inclusion in the Russell 3000® and Russell 2000® Indexes, effective June 26, 2026. The company also disclosed it received approximately $7.4 million in aggregate gross proceeds during the second quarter of 2026 from equity issuances and warrant exercises, strengthening its balance sheet.
Key Details
- Capital Raised: The company received gross proceeds of approximately $7,363,098 from a combination of equity sales, warrant exercises, and a small debt conversion.
- Russell Index Inclusion: BNAI was added to the Russell 3000® and small-cap Russell 2000® Indexes, with trading in the reconstituted indexes beginning June 29, 2026.
- Balance Sheet Impact: These proceeds, along with a liability reduction of approximately $376,098, have strengthened the company's financial position.