DHC Acquisition (NASDAQ: DHCA) stock is plummeting today as the special purpose acquisition company (SPAC) draws near its merger with Brand Engagement Network.
Last week, investors in DHCA stock enthusiastically supported the SPAC merger with Brand Engagement Network during an extraordinary general meeting, edging DHC Acquisition closer to sealing the deal. This progress prompts the two entities to file the shareholder vote results with the Securities and Exchange Commission (SEC).
Upon completion of the SPAC merger, DHC Acquisition will navigate the landscape as Brand Engagement Network Inc., taking Brand Engagement Network public. The merged entity’s shares are set to trade on the Nasdaq Exchange under the BNAI ticker symbol, with its warrants listed under the BNAIW symbol.
DHCA Stock Movement Today
On this Monday morning, DHCA stock is down by a significant 17.2%, a plunge that compounds the 23.9% dip experienced during regular trading hours on Friday.
Notably, only around 8,700 shares of DHCA stock have been exchanged at the time of writing, a stark contrast to its daily average of about 22,000 shares. Friday’s trading frenzy witnessed a turnover of approximately 335,000 shares.
Meanwhile, investors eager for the latest market buzz can feast their eyes on the trends surrounding Semilux International (NASDAQ: SELX), Fangdd Network (NASDAQ: DUO), and Kidpik (NASDAQ: PIK) stocks today.
Insight into Market Movements
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