Brand Engagement Network Delays Annual 10-K Filing

Brand Engagement Network ( (BNAI) ) has released a notification of late filing.

Brand Engagement Network Inc. has filed a Form 12b-25 to notify investors of a delayed Form 10-K (Yearly Report) for the financial year ended December 31, 2025. The company, formerly known as DHC Acquisition Corp., cites timing issues around completing and reviewing its annual filing.

Management says it is still reviewing and finalizing the financial and other information required for the Form 10-K (Yearly Report). The delay stems from the need for additional time to complete the financial statements and to have the annual report reviewed by its accountants and legal counsel.

The company expects to file the Form 10-K (Yearly Report) within the standard grace period allowed under SEC Rule 12b-25. Specifically, Brand Engagement Network plans to submit the report no later than the fifteenth calendar day after the original due date.

The registrant indicates that all other required periodic reports over the past 12 months have been filed on time. It also states that it does not anticipate any significant change in results of operations versus the prior fiscal year in the earnings statements that will appear in the delayed annual report.

Investors should note that the company’s statements about timing and expected financial results are forward-looking and subject to change once the audit and reviews are complete. Brand Engagement Network emphasizes its intention to remain in compliance with SEC reporting rules, and the notification is signed by Chief Financial Officer Walid Khiari on March 31, 2026, underscoring executive accountability for the filing process.

The most recent analyst rating on (BNAI) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.

Spark’s Take on BNAI Stock

According to Spark, TipRanks’ AI Analyst, BNAI is a Neutral.

The score is held back primarily by weak financial performance (very small revenue base, deeply negative margins, and ongoing cash burn with stressed profitability metrics). Offsetting this, technical indicators show strong bullish momentum and recent corporate actions improved liquidity/debt profile while advancing partnerships and licensing, but valuation remains difficult to support with negative earnings and no dividend.

To see Spark’s full report on BNAI stock, click here.

More about Brand Engagement Network

Average Trading Volume: 6,708,962

Technical Sentiment Signal: Buy

Current Market Cap: $199.5M

For a thorough assessment of BNAI stock, go to TipRanks’ Stock Analysis page.