BNAIW

Brand Engagement Network Inc. Warrants represent the right to purchase shares of Brand Engagement Network common stock at a predetermined exercise price during a specified time period. These warrants were issued as part of previous financing transactions and provide holders with leveraged exposure to Brand Engagement Network's business prospects in the promotional products and marketing services sectors. The warrants trade separately from the common stock and appeal to investors seeking amplified participation in potential share price appreciation as the company executes its growth strategy. As derivative securities, these warrants' value derives from the underlying Brand Engagement Network common stock price. When the stock price rises above the warrant's exercise price, the warrants gain intrinsic value. Additionally, warrants possess time value based on the remaining exercise period and expected stock volatility. This leverage characteristic enables warrants to deliver larger percentage returns than the underlying stock during appreciation periods, though they also carry higher risk, potentially declining more sharply during downturns and expiring worthless if the stock price remains below the exercise price at expiration. Brand Engagement Network operates in the promotional products and corporate branding market, providing branded merchandise, marketing campaign execution, and employee recognition solutions. The company's ability to successfully grow its client base, increase revenue per customer, expand service offerings, improve operational efficiency, demonstrate profitability, secure strategic partnerships, or achieve other positive business milestones could drive stock price appreciation, creating value for warrant holders. These instruments suit investors with higher risk tolerance who believe in Brand Engagement Network's potential to differentiate and capture share in the large promotional products market. The warrant investment thesis depends on successful execution of the company's growth strategy, achieving scale efficiencies, and establishing sustainable competitive advantages in a fragmented and competitive industry.