Brand Engagement Network Inc. Files 8-K with Key Corporate Updates
Ticker: BNAIW · Form: 8-K · Filed: May 29, 2024 · CIK: 1838163
| Field | Detail |
|---|---|
| Company | Brand Engagement Network INC. (BNAIW) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $11.50, $2.50, $4,950,000, $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, corporate-governance
TL;DR
BNAI filed an 8-K detailing material agreements, equity sales, and exec changes. Watch for details.
AI Summary
Brand Engagement Network Inc. (formerly DHC Acquisition Corp.) filed an 8-K on May 29, 2024, reporting on several key events as of May 28, 2024. These include entering into a material definitive agreement, unregistered sales of equity securities, and changes in directors and officers, along with compensatory arrangements. The filing also contains financial statements and exhibits.
Why It Matters
This 8-K filing signals significant corporate actions, including potential new agreements and equity transactions, which could impact the company's structure and future performance.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce complexities and potential risks related to dilution or contractual obligations.
Key Players & Entities
- Brand Engagement Network Inc. (company) — Filer
- DHC Acquisition Corp. (company) — Former company name
- May 28, 2024 (date) — Date of earliest event reported
- May 29, 2024 (date) — Filing date
FAQ
What is the nature of the material definitive agreement entered into by Brand Engagement Network Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What were the details of the unregistered sales of equity securities?
The filing mentions unregistered sales of equity securities, but the specific terms, amounts, and parties involved are not detailed in the provided text.
Were there any changes in the board of directors or executive officers?
Yes, the filing reports on the departure of directors or certain officers, the election of directors, and the appointment of certain officers, as well as compensatory arrangements.
What is the former name of Brand Engagement Network Inc.?
The former name of Brand Engagement Network Inc. was DHC Acquisition Corp.
When did the name change from DHC Acquisition Corp. to Brand Engagement Network Inc. occur?
The date of the name change from DHC Acquisition Corp. to Brand Engagement Network Inc. was December 29, 2020.
Filing Stats: 1,755 words · 7 min read · ~6 pages · Grade level 11.6 · Accepted 2024-05-29 08:25:41
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share BNAI The Nasdaq Stock Mar
- $11.50 — of Common Stock at an exercise price of $11.50 per share BNAIW The Nasdaq Stock Ma
- $2.50 — "Common Stock") at a price per share of $2.50 (the "Shares") and an aggregate of 3,96
- $4,950,000 — nts, for an aggregate purchase price of $4,950,000 (collectively, the "Financing"). The Wa
- $500,000 — hall pay to the Company an aggregate of $500,000. Additionally, the Company will issue t
- $3,250,000 — asonable efforts to raise an additional $3,250,000 (not including amounts raised under the
Filing Documents
- form8-k.htm (8-K) — 62KB
- ex10-1.htm (EX-10.1) — 306KB
- ex10-2.htm (EX-10.2) — 56KB
- ex99-1.htm (EX-99.1) — 17KB
- 0001493152-24-021730.txt ( ) — 721KB
- bnai-20240528.xsd (EX-101.SCH) — 4KB
- bnai-20240528_def.xml (EX-101.DEF) — 26KB
- bnai-20240528_lab.xml (EX-101.LAB) — 36KB
- bnai-20240528_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRAND ENGAGEMENT NETWORK INC. By: /s/ Paul Chang Name: Paul Chang Title: Co-Chief Executive Officer Dated: May 29, 2024