---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-027373"
form_type: "8-K"
ticker: "BNAI"
cik: "0001838163"
company_name: "Brand Engagement Network Inc."
filed_at: "2026-06-05T10:05:26+00:00"
generated_at: "2026-06-05T10:12:15.639693+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Brand Engagement Network invests $1M in Accelevate, secures $1M investor commitment to increase stake to ~20%

## Summary
- BEN invested $1M for ~10% stake in Accelevate; warrant to increase to ~20% over six months.
- BEN secured $1M equity commitment at $17.82/share (120% of May 29 close) to fund warrant exercise.
- Funded in six monthly installments through Nov 2026; initial tranche of ~$150K paid June 4, 2026.
- Partnership targets AI fleet intelligence deployment across North America, Latin America, and Africa.

## SEC filing metadata
- accession: 0001493152-26-027373
- form_type: 8-K
- ticker: BNAI
- cik: 0001838163
- company_name: Brand Engagement Network Inc.
- filed_at: 2026-06-05T10:05:26+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838163/000149315226027373/0001493152-26-027373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838163/000149315226027373/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027373
- JSON: https://secwatch.observer/filing/0001493152-26-027373.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027373.txt

## Key facts
- Equity Issuances
  Brand Engagement Network Inc. issued 56,150 shares of common stock to Ben Capital Fund I, LLC and Joseph Bevash for $17.82 per share, $1,000,593 total.
  - Security: common stock
  - Shares: 56,150 shares
  - Purchaser: Ben Capital Fund I, LLC and Joseph Bevash
  - Consideration: $17.82 per share, $1,000,593 total
  source text: Brand Engagement Network, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Ben Capital Fund I, LLC and Joseph Bevash for a private placement of an aggregate 56,150 shares of the Company’s common stock at a purchase price of $17.82 per share (the “Purchase Price”), for total gross proceeds of $1,000,593 (the “Proceeds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838163/000149315226027373/0001493152-26-027373-index.htm
- Material Agreements
  Brand Engagement Network Inc. entered into Securities Purchase Agreement with Ben Capital Fund I, LLC and Joseph Bevash valued at $1,000,593 (effective 2026-06-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Ben Capital Fund I, LLC and Joseph Bevash
  - Value: $1,000,593
  - Effective: 2026-06-03
  source text: on June 3, 2026, Brand Engagement Network, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Ben Capital Fund I, LLC and Joseph Bevash for a private placement of an aggregate 56,150 shares of the Company’s common stock at a purchase price of $17.82 per share (the “Purchase Price”), for total gross proceeds of $1,000,593 (the “Proceeds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838163/000149315226027373/0001493152-26-027373-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.