BNAI Stock Soars After $2 Million Deal with Valio Technologies

Brand Engagement Network Inc. (NASDAQ: BNAI) experienced a significant surge in its share price on Friday, primarily due to the announcement of a strategic partnership with Valio Technologies. This deal has generated renewed interest among investors.

BNAI Stock Soars After $2 Million Deal with Valio Technologies

Details of the Valio Technologies Investment

As part of the agreement, a newly established entity in South Africa will invest $2.05 million in preferred equity in BNAI. This funding is expected to be reported as licensing revenue. In addition to the immediate financial benefits, BNAI will acquire:

• A 25% equity stake in the new entity.
• A 35% share of revenue from all associated software, SaaS, and subscription products.

The partnership is structured as a perpetual agreement. Moreover, BNAI has secured a right of first refusal on future sales of the entity.

Collaboration with Nelson Mandela University

This investment will support a collaborative effort with Nelson Mandela University, aiming to launch a governed AI pilot program. The focus of this initiative will be on enhancing student mental health and wellbeing. This marks BNAI’s second international licensing deal, following a successful partnership with Skye LATAM. The deal further establishes BNAI’s role in providing sovereignty-aligned AI solutions.

Stock Performance and Market Analysis

BNAI stock has been exhibiting strong momentum. At present, it is trading 273.2% above its 20-day simple moving average (SMA) and 308.5% above its 100-day SMA. Over the past year, shares have risen by an impressive 197.47%, positioning them closer to their 52-week highs.

The stock’s Relative Strength Index (RSI) stands at 77.72, signaling overbought conditions. Simultaneously, the Moving Average Convergence Divergence (MACD) indicator is above its signal line, indicating bullish momentum. However, traders should be cautious of a potential pullback due to the overbought RSI.

Benzinga Edge Rankings

A recent Benzinga Edge scorecard evaluates BNAI’s performance relative to the broader market:

• Momentum: Bullish (Score: 96.25) — The stock is outperforming the general market.

This analysis positions Brand Engagement Network as a ‘High-Flyer.’ While the momentum score confirms a strong upward trend, the high RSI is a warning for traders about possible corrections.

Stock Price Update

On Friday, BNAI shares rose by 90.3%, landing at a price of $16.48, as reported by Benzinga Pro data. The significant gain underscores the positive market reaction to the partnership with Valio Technologies and the overall strength of BNAI.