PartnershipMay 11, 2026, 08:01 AM
Brand Engagement Network Finalizes Accelevate Deals, Invests $1M
AI Summary
Brand Engagement Network Inc. (BNAI) finalized two definitive Reseller Agreements with Accelevate Solutions, expanding its footprint in Latin America with exclusive rights for Mexico for five years and global reseller rights (excluding Mexico/LATAM). Under these agreements, Accelevate will receive 35% of gross revenue from sales. Additionally, BNAI will make a strategic investment of $1,000,000 in Accelevate, gaining warrants, a board seat right, and a right of first refusal to acquire Accelevate. This collaboration, supported by BNAI's newly granted U.S. Patent No. 12,581,163, positions the company to enter the commercial fleet market by integrating its AI technology with Accelevate's fleet AI-powered infrastructure.
Key Highlights
- Entered two definitive Reseller Agreements with Accelevate Solutions on May 7, 2026.
- Secured exclusive Mexico rights for 5 years via subsidiary Grupo SKYE.
- Obtained global reseller rights (excluding Mexico/LATAM) via subsidiary Skye AI USA.
- Licensor (Accelevate) to receive 35% of gross revenue (excluding hardware) from sales.
- Strategic investment of $1,000,000 in Accelevate at an $8,000,000 pre-money valuation.
- Received one-year warrants exercisable at $10M (6 months) or $12.5M (thereafter) valuation.
- Granted right to appoint one board member to Accelevate's Board of Directors.
- U.S. Patent No. 12,581,163, "Systems and Methods for Delivering User-Specific Messages," was granted.