InvestmentJun 3, 2026, 05:17 PM
Brand Engagement Network Closes $1M Investment in Accelevate
AI Summary
Brand Engagement Network Inc. (BEN) announced the closing of its previously disclosed $1,000,000 investment in HighTide Energy, Inc. d/b/a Accelevate Solutions. BEN acquired 243,309 shares of Accelevate common stock at a purchase price of $4.11 per share. Additionally, Accelevate issued BEN a warrant to purchase an extra 243,309 shares for another $1,000,000, which BEN intends to exercise, bringing the total potential investment to $2,000,000. This investment is part of a strategic commercial collaboration in the commercial fleet sector.
Key Highlights
- Brand Engagement Network (BEN) closed a $1,000,000 investment in HighTide Energy, Inc. d/b/a Accelevate Solutions.
- BEN acquired 243,309 shares of Accelevate common stock at $4.11 per share.
- Accelevate issued BEN a warrant to purchase an additional 243,309 shares at $4.11 per share.
- BEN stated its intent to exercise the warrant, which would result in an additional $1,000,000 investment.
- The total potential investment in Accelevate is $2,000,000.
- Of the initial $1,000,000, $250,101 was paid previously, and $749,899 was paid on June 3, 2026.
- The investment is part of a strategic commercial collaboration in the commercial fleet sector.
Price Impact
More from BNAI