Brand Engagement Network Inc. Signs Material Agreement
Ticker: BNAIW · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1838163
| Field | Detail |
|---|---|
| Company | Brand Engagement Network INC. (BNAIW) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2025 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $11.50, $19.5 m, $9 million, $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
BNAI signed a big deal on Feb 6, 2025. Details to follow.
AI Summary
On February 6, 2025, Brand Engagement Network Inc. (formerly DHC Acquisition Corp.) entered into a material definitive agreement. The company, incorporated in Delaware, is involved in computer integrated systems design.
Why It Matters
This filing indicates a significant development for Brand Engagement Network Inc., potentially impacting its business operations and future financial performance.
Risk Assessment
Risk Level: medium — The filing reports a material definitive agreement, which could carry significant implications for the company's future, but lacks specific details on the agreement's nature or financial terms.
Key Players & Entities
- Brand Engagement Network Inc. (company) — Registrant
- DHC Acquisition Corp. (company) — Former company name
- February 6, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-40130 (commission_file_number) — SEC File Number
FAQ
What is the nature of the material definitive agreement entered into by Brand Engagement Network Inc. on February 6, 2025?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on February 6, 2025.
What was Brand Engagement Network Inc. formerly known as?
Brand Engagement Network Inc. was formerly known as DHC Acquisition Corp.
In which state was Brand Engagement Network Inc. incorporated?
Brand Engagement Network Inc. was incorporated in Delaware.
What is the SEC file number for Brand Engagement Network Inc.?
The SEC file number for Brand Engagement Network Inc. is 001-40130.
What is the primary business of Brand Engagement Network Inc. according to its SIC code?
According to its SIC code (7373), Brand Engagement Network Inc. is involved in Services-Computer Integrated Systems Design.
Filing Stats: 1,736 words · 7 min read · ~6 pages · Grade level 16.9 · Accepted 2025-02-12 16:52:06
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
- $19.5 m — pany for an aggregate purchase price of $19.5 million, consisting of (i) $9 million in
- $9 million — ice of $19.5 million, consisting of (i) $9 million in cash and (ii) 4.2 million shares of
- $2.50 — sideration") at an agreed upon value of $2.50 per share (the transactions governed by
- $350,000 — as authorized recipient of the Sellers, $350,000 as a partial down payment ("Initial Dow
- $100,000 — payment each month of a down payment of $100,000 to Mr. Unterseer, as authorized recipie
- $3,000,000 — e Equity Consideration in the amount of $3,000,000 in cash instead of Consideration Shares
Filing Documents
- form8-k.htm (8-K) — 56KB
- ex2-1.htm (EX-2.1) — 35KB
- ex2-1_001.jpg (GRAPHIC) — 113KB
- ex2-1_002.jpg (GRAPHIC) — 122KB
- ex2-1_003.jpg (GRAPHIC) — 83KB
- ex2-1_004.jpg (GRAPHIC) — 134KB
- 0001493152-25-006153.txt ( ) — 939KB
- bnai-20250206.xsd (EX-101.SCH) — 4KB
- bnai-20250206_def.xml (EX-101.DEF) — 26KB
- bnai-20250206_lab.xml (EX-101.LAB) — 36KB
- bnai-20250206_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: Chief Executive Officer Dated: February 12, 2025