DHC Acquisition extends business combination deadline to May 4, 2024; reports redemptions of ~$27.6M

Brand Engagement Network Inc.

Shareholders approved extension from Dec 4, 2023 to May 4, 2024; 11,175,457 For, 12,131 Against, 0 Abstain.
Non-redemption agreements with holders of 1,971,536 Class A shares; Sponsor to transfer 246,443 Class B shares upon close.
2,589,121 Class A shares redeemed at ~$10.67/share (aggregate ~$27.6M) withdrawn from trust.
Company continues to actively pursue an initial business combination target.

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 the company's memorandum and articles of association to extend the deadline to consummate a business combination from December 4, 2023 to May 4, 2024 (effective 2023-12-01).

Change: charter amendment
Effective: 2023-12-01

Exact text from the filing

On December 1, 2023, the Company held 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 December 4, 2023 to May 4, 2024 (such proposal, the “ Extension Amendment Proposal ”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Brand Engagement Network Inc. shareholders approved Extension Amendment Proposal at the 2023-12-01 meeting.

Outcome: passed
Meeting: 2023-12-01

Exact text from the filing

The voting results for the Extension Amendment Proposal were as follows: The Extension Amendment Proposal For Against Abstain 11,175,457 12,131 0

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Brand Engagement Network Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-290773

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