M&A
confidence high
sentiment neutral
materiality 0.65
BEN and INTERVENT form 50/50 JV INTERVENT Health AI for AI health coaching
Brand Engagement Network Inc.
- BEN and INTERVENT each received 32.5M Class A shares (50% each) and 5M Class B Preferred shares ($1.00/share) in new JV.
- BEN (via subsidiary SKYE) entitled to 35% of certain North America software/services revenue, net of commissions.
- Five-year exclusive development/commercialization arrangement in North America, subject to agreed milestones.
- Seed funding round valued at no less than $25M; initial $1M investment from BEN-identified investors for 4M shares.
- Board of Directors: one BEN appointee (James D. Henderson Jr.), one INTERVENT appointee (Neil F. Gordon), one independent.