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Brand Engagement Network (DHC Acquisition) Priced, Nasdaq: BNAI

Blank check company targeting tech-enabled businesses in a variety of sectors (completed 3/14/2024).

Industry: SPAC

Latest Trade: $1.12 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -88.8%

Industry: SPAC

We are a newly organized blank check company. We will seek to capitalize on the financial services experience and contacts of Christopher Gaertner, our Co-Chief Executive Officer and Chief Financial Officer, Thomas Morgan, Jr., our Co-Chief Executive Officer, and our Board of Directors, to identify, evaluate, and acquire a target business. Our strategy will be to identify, acquire and, after our initial business combination, help build and grow, a U.S. or non-U.S. technology and technology-enabled business in the automotive, consumer, aerospace/defense, fintech, enterprise software and E-commerce sectors. We will seek potential targets which we believe can materially grow revenue and earnings both organically and inorganically through the efforts of a combined management team following the completion of the initial business combination. These types of companies manufacture and/or distribute products or provide services to a broad range of customers and end-use markets. We believe that technology companies in private markets are fundamentally changing global commerce at an unparalleled pace by forming new markets, delivering new customer experiences and disrupting and disintermediating legacy industries.
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IPO Data
IPO File Date 02/09/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/01/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Drexel Hamilton
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Company Data
Headquarters Southlake, TX, United States
Founded 2020
Employees 2

Brand Engagement Network (DHC Acquisition) (BNAI) Performance