Brand Engagement Network secures $3.5M line of credit

Brand Engagement Network (BNAI)announced it has entered into a $3.5M line of credit agreement with Corps Capital Advisors, a Texas-based investment firm. Under the terms of the agreement, BEN may draw up to $3.5M in revolving credit until the facility’s maturity on December 5, 2025. The line of credit accrues interest at a fixed rate of 10.0% per annum and may be prepaid at any time without penalty. As of the date of this announcement, no amounts have been drawn under the facility.