DHC Acquisition Corp. DHC Acquisition Corp. (DHCAW) operates as a special purpose acquisition company, or blank-check company, with no significant ongoing business operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities; its core activities center on capital aggregation through public offerings, thorough due diligence on potential targets, and strategic deployment of trust account proceeds toward high-growth opportunities, particularly in technology and technology-enabled sectors including automotive, consumer products, aerospace/defense, enterprise software, e-commerce, and brand engagement. The company, incorporated in 2020 and headquartered at 1900 West Kirkwood Blvd, Suite 1400B, Southlake, Texas, functions as a subsidiary of DHC Sponsor, LLC, and maintains a global search scope while emphasizing U.S. and North American markets for scalable, innovative enterprises. In March 2024, DHC Acquisition Corp. completes a definitive business combination with Brand Engagement Network Inc. (BEN), a provider of personalized customer engagement AI technology and human-like AI avatars, resulting in the combined entity trading on Nasdaq under the ticker BNAI with an implied enterprise value of approximately $358 million, following shareholder approval and closure of the transaction that provides BEN public market access, PIPE financing, and accelerated growth funding. Warrants (DHCAW) entitle holders to purchase Class A ordinary shares at $11.50 per share post-combination, subject to expiration terms through February 2026, amid continued market trading and investor interest in the post-merger structure as of late 2025.