Brand Engagement Network To Go Public On Nasdaq Through Proposed Business Combination With SPAC Company DHC Acquisition; Deal Implies Pre-money Equity Value Of $250M For BEN
Portfolio Pulse from Benzinga Newsdesk
Brand Engagement Network (BEN) is planning to go public on Nasdaq through a proposed business combination with SPAC company DHC Acquisition. The deal implies a pre-money equity value of $250M for BEN and values it at a pro-forma enterprise value and pro-forma equity value of approximately $358 million and $398 million, respectively. The combined company will be listed on Nasdaq under the symbol 'BNAI'.
September 07, 2023 | 9:36 pm
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POSITIVE IMPACT
DHC Acquisition is merging with Brand Engagement Network, which will result in BEN going public. The combined company will be listed under the symbol 'BNAI'.
The merger with BEN is a significant event for DHC Acquisition. It will likely increase the company's market visibility and potentially its stock price, hence the positive score. The relevance is high as the news directly involves DHC Acquisition. The importance is also high due to the potential impact on the company's stock price. The confidence level is high as the information is clear and direct.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100