---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-017772"
form_type: "8-K"
ticker: "BNAI"
cik: "0001838163"
company_name: "Brand Engagement Network Inc."
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:22:10.406949+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DHC terminates GloriFi business combination after GloriFi announces wind-down; faces March 4 deadline

## Summary
- On Jan 26, 2023, DHC sent written notice terminating the Business Combination Agreement with GloriFi.
- Termination was triggered by GloriFi's public announcement that it was winding down operations and closing its digital banking platform.
- All ancillary agreements terminated as a result of the Business Combination Agreement termination.
- DHC will consider other acquisition opportunities but must complete a combination by March 4, 2023.
- DHC cited limited remaining time and current market conditions as constraints.

## SEC filing metadata
- accession: 0001193125-23-017772
- form_type: 8-K
- ticker: BNAI
- cik: 0001838163
- company_name: Brand Engagement Network Inc.
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838163/000119312523017772/0001193125-23-017772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838163/000119312523017772/d437803d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-017772
- JSON: https://secwatch.observer/filing/0001193125-23-017772.json
- Plain text: https://secwatch.observer/filing/0001193125-23-017772.txt

## Key facts
- Material Agreements
  Brand Engagement Network Inc. terminated Business Combination Agreement and Plan of Reorganization with GloriFi, Inc. (effective 2023-01-26).
  - Action: termination
  - Agreement: merger
  - Counterparty: GloriFi, Inc.
  - Effective: 2023-01-26
  source text: On January 26, 2023, DHC sent GloriFi written notice that DHC had terminated the Business Combination Agreement, pursuant to Section 9.01(i) and Section 9.01(f) the Business Combination Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838163/000119312523017772/0001193125-23-017772-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.