Home / Going-concern warnings / Brand Engagement Network Inc.
Filed 2026-04-16 路 Form 10-K 路 Accession 0001493152-26-016954 micro
Price before filing: $56.95 (2026-04-15 close, split/dividend-adjusted)
Market cap at flag: $171.5M (2026-04-16) 路 Latest: $25.4M (2026-10-16)
| Window | BNAI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -63.2% | +5.5% | -68.7% | 2026-05-18 |
| 90 days | -77.1% | +8.1% | -85.2% | 2026-07-15 |
| 180 days | -91.0% | +11.7% | -102.7% | 2026-10-13 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As discussed in Note A to the financial statements, the Company has an accumulated deficit of approximately $55.6 million, a net loss for the year ended December 31, 2025 of approximately $8.6 million, and net cash used in operating activities of approximately $5.1 million, which raises substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: L J Soldinger Associates, LLC
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; also within 90 days: Late annual report (NT 10-K)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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