Brand Engagement Network Has Agreed To Acquire 100% Of Cataneo Gmbh For A Total Purchase Price Of $19.5M, Comprised Of $9M In Cash And 4.2M Shares Of Ben Common Stock At An Agreed-Upon Value Of $2.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Brand Engagement Network, Inc. (NASDAQ:BNAI) has agreed to acquire Cataneo Gmbh for $19.5 million in a cash and stock deal. This acquisition aims to enhance BEN's offerings in the media technology market, with plans to expand operations in the U.S. and Latin America.
October 30, 2024 | 12:39 pm
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Brand Engagement Network, Inc. (NASDAQ:BNAI) is acquiring Cataneo Gmbh for $19.5 million, enhancing its media technology offerings and expanding its market reach.
The acquisition of Cataneo Gmbh by BEN is a strategic move to enhance its media technology offerings and expand its market presence in the U.S. and Latin America. This could lead to increased revenue and growth opportunities, positively impacting BNAI's stock price.
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