secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2026-06-03T21:13:25+00:00
Accession:  0001493152-26-027124
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brand Engagement Network closes $1M investment in Accelevate; receives warrant for additional shares
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- Closed $1M investment in HighTide Energy d/b/a Accelevate Solutions, acquiring 243,309 shares at $4.11 per share.
- Received warrant to purchase 243,309 additional shares at $4.11, exercisable for one year; company intends to exercise.
- Correction of prior subscription agreement: per-share price confirmed at $4.11 instead of $5.01.
- Of $1M total, $250,101 paid at signing in April 2026; remaining $749,899 paid on June 3, 2026.
- Investment part of broader reseller and commercial collaboration in commercial fleet AI sector.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226027124/0001493152-26-027124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226027124/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027124

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