AI Startup Brand Engagement Network To Go Public Via SPAC Merger Deal

Artificial intelligence startup Brand Engagement Network (BEN) on Thursday agreed to go public through a merger with a blank check acquisition company in a deal valuing the combined company at $358 million.

The deal with DHC Acquisition Corp will provide Brand Engagement Network with about $40 million in gross proceeds, the company said, confirming an earlier Reuters report.

“BEN, because of its partnerships, doesn’t have the same capital requirements as many others SPAC companies had previously.” Said Chris Gaertner, Co-CEO and CFO of DHC.

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