secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001493152-24-010698
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 5.02, 9.01, 3.02, 8.01, 3.03, 5.01, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Brand Engagement Network completes de-SPAC merger with DHC Acquisition Corp.
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- Business Combination closed March 14, 2024; Prior BEN stockholders received 0.2701 shares per share.
- 2023 revenue $35,210, net loss $11.7M vs 2022 revenue $15,642 and net loss $676K.
- Post-close: 33,714,991 shares outstanding; 17,480,918 warrants; redemptions of 1,920,051 shares at $10.80.
- New board: Michael Zacharski, Jon Leibowitz, Janine Grasso, Bernard Puckett, Thomas Morgan; Audit Committee formed.
- AFG Financing and Shareholder Subscription Agreements: 25,000 shares at $10.00 each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315224010698/0001493152-24-010698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315224010698/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010698

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer