Brand Engagement Network invests $1m in Accelevate Solutions

Brand Engagement Network Inc. (NASDAQ: BNAI) announced it completed a $1 million strategic investment in HighTide Energy Inc., operating as Accelevate Solutions, acquiring approximately 10% ownership in the fleet intelligence company.

The conversational AI company also secured a $1 million equity capital commitment from investors to purchase BEN common stock at $17.82 per share through a Securities Purchase Agreement. This price represents a premium of over 20% to the closing market price on May 29, 2026.

BEN received a warrant to increase its ownership interest in Accelevate and plans to exercise it over the next six months, which would raise its ownership to approximately 20%. The equity commitment will be funded in six monthly installments through November 2026, with BEN exercising a corresponding portion of the Accelevate warrant as each tranche is received.

Accelevate develops AI-powered fleet decision intelligence for commercial transportation operators across North America, Latin America, and Africa. The platform analyzes and optimizes fleet functions including operations, procurement, and fleet sizing.

"We have completed our initial investment, secured the capital to support an increase in our ownership interest, and aligned our organizations around a commercialization strategy that we believe can accelerate the deployment of AI-powered fleet intelligence across multiple global markets," said Tyler Luck, Chief Executive Officer of BEN.

The collaboration combines BEN's conversational AI capabilities with Accelevate's fleet intelligence platform to develop operational solutions for the transportation technology sector. BEN specializes in enterprise-grade artificial intelligence using its proprietary Engagement Language Model technology.

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