8-K
filed March 9, 2023, 6:59 PM ET
ticker BNAI
CIK 0001838163
other material
confidence high
sentiment negative
materiality 0.80
DHC Acquisition Corp extends deadline to Dec 4, 2023; $266.7M redeemed
Brand Engagement Network Inc.
- Shareholders approved extension of business combination deadline from March 4 to December 4, 2023.
- Holders of 26,298,498 Class A shares redeemed at ~$10.14/share for total ~$266.7M cash.
- Extension amendment to articles effective March 3, 2023.
- Adjournment proposal not presented as sufficient votes were present.
- Quorum of ~74.23% of voting power present.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Brand Engagement Network Inc.: Amended articles of association to extend business combination deadline from March 4, 2023 to December 4, 2023 (effective 2023-03-03).
- Change
- charter amendment
- Effective
- 2023-03-03
Exact text from the filing
On March 3, 2023, DHC Acquisition Corp (the “ Company ”) held an extraordinary general meeting of shareholders (the “ Extension Meeting ”), to amend the Company’s amended and restated memorandum and articles of association (the “ Articles Amendment ”) to extend the date by which the Company has to consummate a business combination from March 4, 2023 to December 4, 2023 (such proposal, the “ Extension Amendment Proposal ”). The Articles Amendment is effective as of March 3, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Extension Amendment Proposal to amend the Company's amended and restated memorandum and articles of association to extend the date by which the Company must consummate a business combination at the 2023-03-03 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-03-03
Exact text from the filing
The voting results for the Extension Amendment Proposal were as follows: The Extension Amendment Proposal For Against Abstain 24,647,586 4,068,772 0
View on SEC.gov
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