Completes
Approximately
Cataneo Acquisition – Bringing Intelligent Engagement to Media and Enterprise
On
The total stated aggregate consideration under the definitive agreement was
The acquisition significantly expanded the Company's asset base, with total assets rising from
Strengthening the Balance Sheet
- Accounts payable decreased by
$1.8 million , and short-term debt decreased by nearly$1.0 million . Combined with a reduction in warrant liabilities, these balance-sheet items declined by about$3.3 million . - Shareholders' equity increased to
$19.4 million as ofJune 30, 2026 , up from$3.5 million as ofDecember 31, 2025 . - Cash and cash equivalents increased to
$708,000 as ofJune 30, 2026 , from$172,000 as ofDecember 31, 2025 .
Strategic and
- On
June 8, 2026 , the Company entered a 50/50 joint venture withINTERVENT International, LLC , formingINTERVENT Health AI, Inc. to develop and commercialize AI-powered health coaching and chronic disease management solutions. - The Company also completed a
$1 million strategic investment in Accelevate Solutions, a provider of intelligent engagement solutions for fleet management, acquiring approximately 10% of the company, with warrants that could increase ownership to approximately 20%. - Through its wholly owned subsidiary
Skye AI USA, LLC , the Company owns a 25% common equity interest in Skye Africa Intelligence, Pty. Ltd. and holds preferred equity with a stated value of$2.05 million . The Company is entitled to a 35% recurring revenue share under the related African licensing arrangement. - On
August 5, 2026 , Skye Africa Intelligence signed a Memorandum of Understanding with the East, Central andSouthern Africa Health Community (ECSA-HC) to support the potential deployment of AI-enabled health solutions across ECSA-HC's member states.
Management Commentary
"The closing of the Cataneo acquisition on the final day of the quarter is an important milestone for BEN," said
On a pro forma basis, Cataneo's contribution would have meaningfully increased our revenue base for the first half of 2026. We also made meaningful progress on the financial side of the business, increasing shareholders' equity, reducing short-term liabilities, and expanding our asset base. At the same time, we continued to invest selectively in opportunities that extend our technology into new environments, including healthcare and emerging international markets. Our focus now is on bringing these capabilities together, continuing to innovate, and turning more interactions between organizations and people into intelligent, actionable, and valuable opportunities.
Earnings Conference Call
Date:
Time:
Dial-in (
Dial-in (International, toll): 1-646-357-8766
Participants are advised to dial in approximately 10 minutes before the scheduled start time.
Speakers will include
A replay of the call will be available through
About
The acquisition of Cataneo expands BEN's global deployment infrastructure by adding a proven enterprise software platform, established customer relationships, and international distribution capabilities, creating new opportunities to deploy BEN's enterprise AI at scale while reinforcing the Company's position as an enterprise AI software provider. For more information, visit www.brandengagementnetwork.com.
About Cataneo GmbH
Cataneo GmbH is a global provider of enterprise software for advertising sales, scheduling, traffic, and content management across linear, digital, and on-demand media. Its MYDAS platform provides end-to-end media management, monetization, analytics, CRM integration, and real-time reporting solutions for broadcasters and media organizations worldwide. For more information, visit www.cataneo.de.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that are not purely historical are forward-looking statements, including, but not limited to, statements regarding: the prospects of the combined business following the acquisition of Cataneo; and BEN's growth strategies, including with respect to international expansion. The forward-looking statements contained herein are based upon BEN's current expectations and involve assumptions that may never materialize or may prove to be incorrect. These forward-looking statements are neither promises nor guarantees and are subject to a variety of risks and uncertainties, including those set forth in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on April 16, 2026, and in similar disclosures set forth in the other documents that BEN has filed and may file from time to time with the SEC. These forward-looking statements are made as of the date of this press release, and BEN assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. BEN's views in these forward-looking statements should not be relied as representing the Company's views as of any date subsequent to the date of this press release.
Media Contact
Amy Rouyer
amy@beninc.ai
Investor Relations
investors@beninc.ai
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SOURCE Brand Engagement Network, Inc. (BEN)