The investment reflects BEN's conviction in Accelevate's strong growth momentum and the opportunity to expand growth capital in support of continued scale, alongside the companies' shared vision to advance AI-powered fleet intelligence solutions across North America, Latin America, and Africa.

In connection with the financing, BEN received a warrant to increase its ownership interest in Accelevate and intends to exercise it over the next six months, with ownership expected to increase to approximately 20% upon completion.

To support this, BEN has secured a $1 million equity capital commitment from BEN investors through a Securities Purchase Agreement to purchase BEN common stock at $17.82 per share, representing a premium of over 20% to the closing market price on May 29, 2026. The commitment will be funded in six monthly installments through November 2026, with BEN exercising a corresponding portion of the Accelevate warrant as each tranche is received.

Through this collaboration, BEN and Accelevate will combine complementary capabilities in conversational AI and fleet intelligence to accelerate the deployment and commercialization of next-generation operational solutions across North America, Latin America, and Africa. Accelevate's platform serves commercial fleet operators across these markets, expanding BEN's exposure to a large and growing transportation technology sector.