8-K
filed March 7, 2024, 6:59 PM ET
ticker BNAI
CIK 0001838163
M&A
confidence high
sentiment neutral
materiality 0.75
DHC Acquisition shareholders approve business combination with Brand Engagement Network
Brand Engagement Network Inc.
- Shareholders voted 9,249,551 for and 10,827 against the Business Combination Agreement.
- Redemptions of 1,923,656 Class A ordinary shares elected at per-share trust value.
- Charter amendments, director elections, and Long-Term Incentive Plan approved.
- Closing of the Business Combination subject to satisfaction or waiver of remaining conditions.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Approve the transactions contemplated under the Business Combination Agreement.
- Proposal
- merger approval
- Outcome
- passed
Exact text from the filing
A proposal to, as an ordinary resolution, approve the transactions contemplated under the Business Combination Agreement and Plan of Reorganization, dated as of September 7, 2023 (the “Business Combination Agreement”), by and among DHC, BEN Merger Subsidiary Corp., a Delaware corporation and direct wholly owned subsidiary of DHC, BEN, and DHC Sponsor, LLC a Delaware limited liability company; 9,249,551 10,827 4 Votes For Votes Against Abstentions 2.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Approve amendment and restatement of current charter.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
8,913,015 347,363 4 Votes For Votes Against Abstentions 4A. A proposal to, as an ordinary resolution, modify the authorized share capital of DHC from (i) 500,000,000 DHC Class A Shares, par value $0.0001 per share, 50,000,000 DHC Class B Shares, par value $0.0001 per share, and 5,000,000 preference shares, par value $0.0001 per share, to (ii) 750,000,000 shares of New BEN Common Stock, par value $0.0001 per share and 10,000,000 shares of New BEN Preferred Stock, par value $0.0001 per share (“New BEN Preferred Stock”); 9,249,555 10,827 0 Votes For Votes Against Abstentions 4B.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Require shareholder action only at meetings.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
8,913,015 347,363 4 Votes For Votes Against Abstentions 4A. A proposal to, as an ordinary resolution, modify the authorized share capital of DHC from (i) 500,000,000 DHC Class A Shares, par value $0.0001 per share, 50,000,000 DHC Class B Shares, par value $0.0001 per share, and 5,000,000 preference shares, par value $0.0001 per share, to (ii) 750,000,000 shares of New BEN Common Stock, par value $0.0001 per share and 10,000,000 shares of New BEN Preferred Stock, par value $0.0001 per share (“New BEN Preferred Stock”); 9,249,555 10,827 0 Votes For Votes Against Abstentions 4B.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Approve the change of jurisdiction of incorporation from Cayman Islands to Delaware.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
9,249,551 10,827 4 Votes For Votes Against Abstentions 2. A proposal to, as a special resolution, approve the change of DHC’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware; 9,249,551 10,827 4 Votes For Votes Against Abstentions 3.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Authorize issuance of preferred stock.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
9,249,551 10,827 4 Votes For Votes Against Abstentions 2. A proposal to, as a special resolution, approve the change of DHC’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware; 9,249,551 10,827 4 Votes For Votes Against Abstentions 3.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Modify authorized share capital.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
9,249,551 10,827 4 Votes For Votes Against Abstentions 2. A proposal to, as a special resolution, approve the change of DHC’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware; 9,249,551 10,827 4 Votes For Votes Against Abstentions 3.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Approve the New BEN 2023 Long-Term Incentive Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
8,913,015 347,363 4 Votes For Votes Against Abstentions 4A. A proposal to, as an ordinary resolution, modify the authorized share capital of DHC from (i) 500,000,000 DHC Class A Shares, par value $0.0001 per share, 50,000,000 DHC Class B Shares, par value $0.0001 per share, and 5,000,000 preference shares, par value $0.0001 per share, to (ii) 750,000,000 shares of New BEN Common Stock, par value $0.0001 per share and 10,000,000 shares of New BEN Preferred Stock, par value $0.0001 per share (“New BEN Preferred Stock”); 9,249,555 10,827 0 Votes For Votes Against Abstentions 4B.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Require 50% vote for director removal.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
9,249,551 10,827 4 Votes For Votes Against Abstentions 2. A proposal to, as a special resolution, approve the change of DHC’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware; 9,249,551 10,827 4 Votes For Votes Against Abstentions 3.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Approve removal provisions related to blank check company status.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
9,249,551 10,827 4 Votes For Votes Against Abstentions 2. A proposal to, as a special resolution, approve the change of DHC’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware; 9,249,551 10,827 4 Votes For Votes Against Abstentions 3.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Adopt exclusive forum provisions.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
9,249,551 10,827 4 Votes For Votes Against Abstentions 2. A proposal to, as a special resolution, approve the change of DHC’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware; 9,249,551 10,827 4 Votes For Votes Against Abstentions 3.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Brand Engagement Network Inc. shareholders approved Approve amendment procedures for charter and bylaws.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
9,249,551 10,827 4 Votes For Votes Against Abstentions 2. A proposal to, as a special resolution, approve the change of DHC’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware; 9,249,551 10,827 4 Votes For Votes Against Abstentions 3.
View on SEC.gov
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