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Brand Engagement Network (BNAI) finalizes $2.050M Africa AI licensing pact

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8-K/A

Rhea-AI Filing Summary

Brand Engagement Network Inc. filed an amended report to confirm it has closed its previously announced AI licensing partnership in Africa. The transaction includes a $2.050 million AI licensing agreement and creates Skye Africa Intelligence Pty Ltd as the operating entity for deploying the company’s conversational AI in select African markets.

The partnership was formed with Valio Technologies (Pty) Ltd, based in Johannesburg, South Africa. As part of the closing, Chief Executive Officer and Co-Founder Tyler Luck has been appointed to the Board of Directors of Skye Africa Intelligence Pty Ltd on behalf of the company.

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Insights

BEN formalizes a $2.050M African AI licensing partnership.

Brand Engagement Network Inc. has completed closing of a previously announced AI licensing partnership covering select African markets. The arrangement centers on a $2.050 million AI licensing agreement and establishes Skye Africa Intelligence Pty Ltd as the local operating entity deploying BEN’s conversational AI technologies.

The structure uses Valio Technologies (Pty) Ltd as the partner and places BEN’s CEO and Co-Founder, Tyler Luck, on Skye Africa Intelligence’s board. This suggests an interest in governance and strategic oversight, while limiting direct operational burden in-region through a dedicated operating company.

From an investment perspective, this represents geographic expansion via a defined licensing value rather than an acquisition. Actual financial impact will depend on how the $2.050 million arrangement is recognized over time and how effectively Skye Africa Intelligence scales AI deployments in its targeted African markets.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K/A

 

 

 

CURRENT REPORT

 

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 5, 2026 (January 20, 2026)

 

 

 

Brand Engagement Network Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-40130   98-1574798

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

300 Delaware Ave

Suite 210

Wilmington, DE

  19801
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (650) 714-2747

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.0001 per share   BNAI   The Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share   BNAIW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Explanatory Note

 

This Form 8-K/A amends the Current Report on Form 8-K filed with the Securities and Exchange Commission on January 21, 2026 to announce the closing of the partnership with Valio Technologies (Pty) Ltd.

 

 

 

 

Item 8.01. Other Events

 

On March 4, 2026, Brand Engagement Network, Inc. (“BEN” or the “Company”) completed the closing of its previously disclosed AI licensing partnership in Africa, originally announced on January 21, 2026.

 

The transaction includes a $2.050 million AI licensing agreement and establishes Skye Africa Intelligence Pty Ltd as the operating entity responsible for deploying BEN’s conversational AI technologies in select African markets. The partnership was formed with Valio Technologies (Pty) Ltd, a technology company headquartered in Johannesburg, South Africa.

 

As part of the closing, Tyler Luck, Chief Executive Officer and Co-Founder of the Company, has been appointed to the Board of Directors of Skye Africa Intelligence Pty Ltd on behalf of the Company.

 

The foregoing description of the arrangement does not purport to be complete and is qualified in its entirety by the terms of the definitive agreement.

 

Forward-Looking Statements

 

Certain disclosures in this report include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, the Company’s current expectations, assumptions, plans, strategies, and anticipated results. When used in this discussion, the words “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “future” and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this report. Forward-looking statements reflect the Company’s current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although the Company believes the expectations reflected in the forward-looking statements are reasonable, the Company can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from the Company’s expectations due to a variety of known and unknown risks, uncertainties and other factors. There are a number of risks, uncertainties and conditions that may cause the Company’s actual results to differ materially from those expressed or implied by these forward-looking statements, including the risk factors described in Part I, Item 1A of Risk Factors in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and the other risk factors identified from time to time in the Company’s other filings with the Securities and Exchange Commission (the “SEC”). Filings with the SEC are available on the SEC’s website at http://www.sec.gov. Many of these circumstances are beyond the Company’s ability to control or predict. These forward-looking statements necessarily involve assumptions on the Company’s part. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to the Company and speak only as of the date they are made. The Company disclaims any intention or obligation to update or revise publicly any forward-looking statements.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  Brand Engagement Network Inc.
     
Dated: March 5, 2026 By: /s/ Walid Khiari
  Name: Tyler Luck
  Title: Chiefl Officer

 

 

FAQ

What did Brand Engagement Network Inc. (BNAI) announce in this amended 8-K/A?

Brand Engagement Network Inc. reported it has completed closing a previously announced AI licensing partnership in Africa. The filing confirms key terms of the deal, including a $2.050 million AI licensing agreement and the creation of Skye Africa Intelligence Pty Ltd as the operating entity.

What is the value of Brand Engagement Network’s AI licensing agreement in Africa?

The AI licensing agreement is valued at $2.050 million. This amount reflects the consideration for licensing Brand Engagement Network’s conversational AI technologies in select African markets through Skye Africa Intelligence Pty Ltd, the dedicated operating entity formed under the partnership structure.

Who are Brand Engagement Network’s partners in the new African AI initiative?

Brand Engagement Network’s African AI partnership is with Valio Technologies (Pty) Ltd, a technology company headquartered in Johannesburg, South Africa. The arrangement also establishes Skye Africa Intelligence Pty Ltd as the operating entity responsible for deploying BEN’s conversational AI technologies in designated African markets.

What role will Brand Engagement Network’s CEO play in Skye Africa Intelligence Pty Ltd?

As part of the partnership closing, Chief Executive Officer and Co-Founder Tyler Luck has been appointed to the Board of Directors of Skye Africa Intelligence Pty Ltd. He will serve on the board on behalf of Brand Engagement Network, providing governance input to the new African operating entity.

What markets will Skye Africa Intelligence Pty Ltd serve for Brand Engagement Network?

Skye Africa Intelligence Pty Ltd is designated as the operating entity for deploying Brand Engagement Network’s conversational AI technologies in select African markets. The filing describes it as responsible for implementing the AI licensing agreement across those targeted regions within the African continent.

Why did Brand Engagement Network file this report as an amendment (8-K/A)?

The company filed this as an amended report to update a prior disclosure originally made on January 21, 2026. The amendment clarifies that the partnership with Valio Technologies (Pty) Ltd has closed and provides additional detail on the $2.050 million AI licensing agreement and governance arrangements.

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4 documents
Brand Engagement

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