BEN to merge with DHC Acquisition Corp., to be listed on Nasdaq under the ticker symbol “BNAI”
Mar 07, 2024•over 1 year ago
Acquiring Company
Brand Engagement Network
Acquired Company
Brand Engagement Network
SouthlakeSouthlakeDescription
Brand Engagement Network Inc. (“BEN”), an emerging provider of personalized customer engagement AI, has successfully completed the business combination with DHC Acquisition Corp. Upon closing of the transaction, the combined company will operate as Brand Engagement Network Inc. and is expected to be listed on Nasdaq under the ticker symbol “BNAI”, with warrants under the ticker symbol “BNAIW”.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed