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.
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