Brand Engagement Network Inc.

Brand Engagement Network Inc. announced that the sellers of Cataneo GmbH have satisfied all pre-closing obligations and conditions for its $19.5 million acquisition. The purchase price consists of $9 million in cash and 250,792 shares of BEN common stock, valued at $37.88 per share. This update signals the imminent closing of the acquisition, with Christian Unterseer expected to join the Company's Board of Directors.

Brand Engagement Network Inc. (BEN) announced the formation of INTERVENT Health AI, Inc., a 50/50 joint venture with INTERVENT International, LLC. The new entity will focus on developing, deploying, and commercializing AI-powered health coaching solutions by combining BEN's conversational AI with INTERVENT's clinically validated methodologies and healthcare datasets. Key terms include exclusive five-year North American commercialization rights for BEN's subsidiary, SKYE AI USA, LLC, and a 35% revenue share for BEN from certain North American activities.

Brand Engagement Network Inc. (BEN) announced a $1 million strategic investment in HighTide Energy, Inc. d/b/a Accelevate Solutions, securing an initial 10% ownership stake. To support this and future expansion, BEN secured a $1 million equity capital commitment from its investors through a private placement of 56,150 common shares at $17.82 per share, totaling $1,000,593 in gross proceeds. The funds will be used to exercise a warrant to increase BEN's ownership in Accelevate to approximately 20%, furthering their shared vision to advance AI-powered fleet intelligence solutions across North America, Latin America, and Africa.

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.

Brand Engagement Network Inc. (BEN), via its wholly owned subsidiary Datum Point Labs, was granted U.S. Patent No. 12,633,027 on May 19, 2026. The patent, titled "Systems and Methods for Gesture Generation From Text," enhances BEN's capability to create realistic gestures for its avatars from user text input, enabling real-time interaction. This advanced AI system translates natural language into coordinated body positions and gesture sequences, with broad applications in digital humans, robotics, gaming, and immersive metaverse environments.

Brand Engagement Network Inc. announced the signing of a definitive Reseller Agreement with HighTide Energy, Inc. d/b/a Accelevate Solutions on May 14, 2026. This agreement significantly expands BNAI's footprint in Africa, granting its subsidiary SKYE AI USA, LLC exclusive rights for the entire continent for an initial term of five years. The exclusivity is subject to annual renewal based on minimum revenue thresholds, and the licensor is entitled to 35% of the gross revenue generated from sales, excluding hardware.

Brand Engagement Network Inc. reported a net loss of $(3.06) million for the first quarter of 2026, an improvement from a $(3.61) million loss in the prior year. Revenue saw a substantial increase to $104,311 from $10,000 year-over-year. Despite these positive financial trends, the company continues to face a going concern risk due to an accumulated deficit of $58.7 million and ongoing negative cash flows from operations, indicating a need for additional capital.

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.

Brand Engagement Network Inc. entered into a Securities Purchase Agreement for a private placement with Ben Capital Fund I, LLC, raising $1,000,561. The company issued 25,492 common shares at $39.25 per share, representing a 20% premium over the closing price. Additionally, the company received $1,114,164 in cash proceeds from the exercise of outstanding warrants during April. These capital activities are expected to strengthen the company's financial position.

Brand Engagement Network Inc. (BNAI) has entered into a letter agreement with HighTide Energy, Inc. (Accelevate Solutions) for a proposed strategic investment and commercial collaboration. BNAI plans to invest up to $1,000,000 in Accelevate, with an initial payment of $250,000. The proposed transaction includes BNAI acquiring equity interests, warrant coverage, a potential reseller arrangement, and the right to appoint a board member, based on Accelevate's pre-money valuation of $8,000,000. The completion of the transaction is contingent upon due diligence and the execution of definitive agreements.