{"url_path":"/sec/bnaiw/8-k/2026-06-03/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1838163/0001493152-26-027124-index.html","accession_number":"0001493152-26-027124","cik":"0001838163","ticker":"BNAI","issuer_name":"Brand Engagement Network Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1838163/0001493152-26-027124-index.html","primary_entity_key":"0001838163","primary_entity_name":"Brand Engagement Network Inc."},"word_count":317,"has_tables":true,"body_markdown":"**Item\n8.01 Other Events.**\n\n \n\nAs\npreviously disclosed in Current Reports on Form 8-K filed on April 22, 2026 and May 11, 2026, Brand Engagement Network, Inc. (“BEN”\nor the “Company”) entered into a letter agreement and reseller arrangements with HighTide Energy, Inc. d/b/a Accelevate Solutions\n(“Accelevate”) in connection with a strategic investment and commercial collaboration in the commercial fleet sector. Pursuant\nto the commercial arrangements, the parties agreed to mutual resale and distribution rights for their respective AI-enabled products\nand services across specified territories.\n\n \n\nOn\nMay 30, 2026, the Company closed its previously disclosed investment in Accelevate pursuant to a Securities Purchase Agreement (the “Agreement”),\nunder which the Company acquired 243,309 shares of Accelevate common stock, par value $0.001 per share, at a purchase price of $4.11\nper share, for an aggregate purchase price of $1,000,000. Accelevate also issued to the Company a warrant to purchase an additional 243,309\nshares of common stock at an exercise price of $4.11 per share, exercisable for a period of one year from issuance. The Company has stated\nits intent to exercise the warrant, which would result in an additional $1,000,000 investment.\n\n \n\nOf\nthe $1,000,000 aggregate purchase price, $250,101 was previously paid at the signing of the letter agreement dated April 22, 2026, and\nthe remaining $749,899 was paid on June 3, 2026 by wire transfer. The agreement also reflects a correction to a prior subscription\nagreement, confirming that the correct per-share purchase price is $4.11.\n\n \n\nThe\nSecurities Purchase Agreement contains customary representations and warranties of the parties, post-closing covenants, and indemnification\nprovisions in favor of the Company. The foregoing description is qualified in its entirety by reference to the full text of the Agreement,\nfiled as an exhibit to this Current Report on Form 8-K and incorporated herein by reference. The securities were issued in reliance upon\nexemptions from the registration requirements of the Securities Act of 1933, as amended."}