Brand Engagement Network Inc. Extends Timeline for Acquisition of Cataneo GmbH with New Agreement Addendum

Reuters

05-30

<a href="https://laohu8.com/S/BNAI">Brand Engagement Network Inc.</a> Extends Timeline for Acquisition of Cataneo GmbH with New Agreement Addendum

Brand Engagement Network Inc. has announced an update regarding its acquisition of Cataneo GmbH. The company, in agreement with the Sellers, has signed a second addendum to the Share Purchase and Transfer Agreement to extend the time frame for closing the transaction until June 30, 2025. This update includes additional temporary suspensions of the Sellers' right to withdraw from the deal. As of May 30, 2025, Brand Engagement Network Inc. has paid $550,000 towards the total cash consideration of $9 million. The acquisition deal, initially disclosed in October 2024, also includes the issuance of 4.2 million shares of the company's common stock, valued at $2.50 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brand Engagement Network Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-012964), on May 30, 2025, and is solely responsible for the information contained therein.

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Extends Timeline for Acquisition of Cataneo GmbH with New Agreement Addendum","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/BNAI\">Brand Engagement Network Inc.</a> Extends Timeline for Acquisition of Cataneo GmbH with New Agreement Addendum\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Brand Engagement Network Inc. has announced an update regarding its acquisition of Cataneo GmbH. The company, in agreement with the Sellers, has signed a second addendum to the Share Purchase and Transfer Agreement to extend the time frame for closing the transaction until June 30, 2025. This update includes additional temporary suspensions of the Sellers' right to withdraw from the deal. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brand Engagement Network Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-012964), on May 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4134","symbol_name":"信息科技咨询与其它服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250530:nNDL9NWzTY:1","article_id":"2539227148","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539227148","pubTimestamp":1748610058,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Brand Engagement Network Inc. has announced an update regarding its acquisition of Cataneo GmbH. 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