DHC Acquisition Corp.
DHCA
NASDAQ Capital Market7.70
USD
-0.56
- -
CIK
0001838163
ISIN
KYG2758T1094
CUSIP
G2758T109
Return %
Stock
S&P500
1Y
-24.29
24.99
3Y
-20.62
70.19
5Y
-20.62
77.45
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Christopher Gaertner
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 535 Silicon Drive Southlake TX United States of America 76092
- IPO Date
- Apr 28, 2021
- CIK
- 0001838163
- Website
- dhcacquisition.partners
- Similar Companies
- Business
- DHC Acquisition Corp. (DHCA) is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with an emphasis on technology or technology-enabled companies addressing "last mile" challenges in sectors including generative AI, enterprise infrastructure, industrial IoT, automation, retail and e-commerce infrastructure, automotive, and aerospace. The company offers no current products or services beyond its SPAC structure, which facilitates public listings for private targets valued over $1 billion through its trust account proceeds, management expertise in public markets navigation, and operational support drawn from its team's military and corporate backgrounds. Incorporated in the Cayman Islands and headquartered at 1900 West Kirkwood Blvd., Suite 1400B, Southlake, Texas, DHC Acquisition Corp. went public via an initial public offering in March 2021, raising approximately $300-309 million. In a major strategic development, DHC Acquisition Corp. completed a definitive business combination with Brand Engagement Network Inc. (BEN), a provider of AI-enhanced customer engagement solutions featuring human-like AI avatars for enterprise clients in automotive, healthcare, and financial services sectors, closing on March 14, 2024, after shareholder approval on March 5, 2024. The merger, announced in September 2023 at a pro forma enterprise value of $358 million, resulted in the combined entity trading on Nasdaq under the new ticker symbols BNAI (common stock) and BNAIW (warrants), with BEN shareholders owning the majority stake post-transaction amid significant redemptions that reduced the trust to about $1.6 million. This de-SPAC transaction included a $6.5 million PIPE investment from BEN backer AFG and additional post-close share purchases up to $26 million, marking DHC's shift from search phase to a technology-focused public operating company. The deal extended DHC's prior deadline to December 2024 and followed a terminated prior agreement with GloriFi, highlighting its pursuit of high-growth AI opportunities.
BEN Announces Closing of Business Combination, to Begin Trading on Nasdaq Under Symbol “BNAI”
BEN Announces Expected Closing of Business Combination
Why Is DHC Acquisition (DHCA) Stock Down 24% Today?
BEN and DHC Acquisition Corp. Announce Effectiveness of Registration Statement and March 5, 2024 Extraordinary General Meeting to Approve Business Combination
DHC Acquisition Corp. Announces Change of Date and Time of its Shareholder Meeting
BEN, A Provider of Personalized Customer Engagement AI Technology, to Go Public on Nasdaq Through Proposed Business Combination with DHC Acquisition Corp.