Brand Engagement Network Takes 25% Stake in SKYE LATAM

Reuters
Nov 10
Brand Engagement Network Takes 25% Stake in SKYE LATAM

Brand Engagement Network Inc. $(BEN)$ has finalized a $5 million exclusive AI licensing partnership with SKYE Inteligencia LATAM, S.A.P.I. de C.V. As part of the deal, BEN will receive a 25% common stock ownership stake and a board seat in SKYE LATAM. The partnership also includes a 35% revenue share on software, SaaS, services, and subscriptions across all industries, and grants SKYE LATAM exclusive government-sector AI licensing rights in Latin America and Spain. This transaction marks BEN's first significant international equity investment and positions the company to play a major role in the digital transformation of regulated markets in the region.

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