Brand Engagement Network said it closed its merger with DHC Acquisition. DHC shareholders approved the transaction March 5, although redemptions pulled the trust down to about $1.6 million from the roughly $22.2 million the SPAC held leading up to the vote.
Brand Engagement Network is expected to begin trading today on the Nasdaq under the ticker symbol BNAI for its common stock and BNAIW for warrants.
BEN is a provider of personalized customer engagement AI technology and human-like AI avatars.
The deal was announced in September at a pro-forma enterprise value of $358 million.
DHC raised $300 million in an IPO three years ago. Read more.
