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Investing.com -- Brand Engagement Network, Inc. (NASDAQ:BNAI) stock surged 39.6% in premarket trading Monday after announcing a strategic partnership with SKYE Inteligencia LATAM, S.A.P.I. de C.V.
The deal includes a $5 million preferred equity contribution from SKYE LATAM to BEN, which will be recognized as IP licensing revenue. BEN will receive a 25% common stock ownership in SKYE LATAM along with one board seat and a 35% revenue share on software, SaaS, services, and subscriptions across all industries.
The partnership grants SKYE LATAM exclusive government-sector license rights in Latin America and Spain, with non-exclusive rights in other verticals. The agreement has a perpetual term with right of first refusal on any sale.
This marks BEN’s first major international licensing deal, leveraging the company’s proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) technology to deliver compliant, localized AI solutions for public and private sectors in Latin America.
"We expect this partnership to propel our AI into the heart of Latin America’s digital transformation—a region of over 663 million people primed for AI-driven efficiencies," said Tyler Luck, Acting CEO and Co-Founder of BEN.
The partnership aims to address growing data sovereignty mandates in the region, including Mexico’s Federal Law on Protection of Personal Data, Brazil’s General Data Protection Law, and Argentina’s 2025 localization rules.
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