Consumer Protection Policy Pioneer to Guide
BEN’s Development of AI Use Cases for Consumers and
Professionals
Brand Engagement Network (“BEN”), an emerging provider of
personalized customer engagement AI technology and human-like AI
avatars, today announced that it intends to appoint Jon Leibowitz
as an independent board member in connection with the consummation
of its business combination. As former chairman of the United
States Federal Trade Commission (“FTC”), Leibowitz has a deep
understanding of consumer protection policies and a history of
regulating technologies that directly impact consumers’
relationships with businesses, especially artificial intelligence
(“AI”).
“Jon Leibowitz’s confidence in BEN’s technology attests to the
potential of AI-driven solutions to improve customer relations and
experiences,” said Michael Zacharski, CEO of BEN. “We believe his
vast experience with consumer protection and deep understanding of
technology’s role in ensuring privacy will be instrumental to our
ongoing growth and development.”
BEN believes Leibowitz’s expertise in AI, business ethics and
consumer protection will help to guide BEN’s strategy as the
company continues to develop and launch AI solutions that solve
specific challenges for consumers and professionals across various
industries. In September, 2023, BEN announced that it entered into
a definitive agreement to merge with DHC Acquisition Corp. (Nasdaq:
DHCA) (“DHC”), a special purpose acquisition company (“SPAC”)
focused on technology, to become a publicly traded company on
NASDAQ.
Throughout decades of experience as a legal practitioner,
Leibowitz has not only directed regulatory policy as chairman of
the FTC, but also acted as counsel to U.S. senators and served as
an antitrust partner at Davis Polk & Wardwell, a global
business law firm serving clients across various industries,
including media and technology. Leibowitz is a long-time advocate
for antitrust regulation and for robust consumer protection and
privacy laws. He recently testified before Congress on
“Safeguarding Data and Innovation: Building The Foundation for The
Use of Artificial Intelligence.”
“BEN’s technology is developing the inspiring capabilities of
providing accurate information to customers at the precise moment
it’s needed, while also protecting the privacy of consumers in
those interactions,” said Jon Leibowitz. “I’m delighted to be
joining BEN as an independent board member because of the company’s
mission to improve business-to-customer communication, with the
foundational tenet of respecting consumer privacy.”
For more information about BEN and how the company is helping
organizations and consumers across various industries, please
visit: https://beninc.ai/.
About BEN
BEN (Brand Engagement Network) is a leading provider of
conversational AI technology and human-like AI avatars
headquartered in Jackson, WY. BEN delivers highly personalized,
multi-modal (text, voice, and vision) AI engagement, with a focus
on industries where there is a massive workforce gap and an
opportunity to transform how consumers engage with networks,
providers, and brands. The backbone of BEN’s success is a rich
portfolio of conversational AI applications that drive better
customer experience, increased automation and operational
efficiencies. BEN seeks to partner with companies with
complementary capabilities and networks to enable meaningful
business outcomes.
For more information about BEN, please visit:
https://beninc.ai/
About DHC Acquisition Corp.
DHC Acquisition Corp. (Nasdaq: DHCA) is a SPAC focused on
partnering with an innovative technology company. DHC’s mission is
to invest in companies which are charting the future of how humans
and business interact at the last mile, spanning enterprise
infrastructure, industrial IoT, automation, retail and E-commerce
infrastructure, automotive, and aerospace. We endeavour to enable
the applications of innovative technology and business models which
bring goods, people, or information to its final destination.
DHC’s approach to business is based on teamwork, integrity and
quiet professionalism, qualities we learned during our extensive
training in the military. We bring our unique hybrid experience and
our values into the corporate world, building high performing teams
in a range of specialized industries: technology, consumer,
aviation, defense, automotive, investment banking, capital markets,
and asset management. Our collective experience includes: >25
years as CEOs of public companies, 8 companies founded, 13
companies acquired, and >55 years in military leadership.
Important Information About the Business Combination and
Where to Find It
In connection with the BEN’s announcement of its intent to go
public via a merger with DHC Acquisition Corp. (“DHC”) (the
“Business Combination”), DHC has filed a registration statement on
Form S-4 (the “Form S-4”) with the Securities and Exchange
Commission (“SEC”), which was declared effective by the SEC on
February 14, 2024. DHC has mailed a definitive proxy statement (the
“Proxy Statement”) and other relevant documents to shareholders of
DHC as of the record date established for voting on the Business
Combination. DHC’s shareholders and other interested persons are
advised to read the Proxy Statement and any amendments thereto and
documents incorporated by reference therein filed in connection
with the Business Combination, as these materials contain important
information about DHC, BEN and the Business Combination. INVESTORS
ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS
CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT DHC, BEN AND THE BUSINESS COMBINATION.
Shareholders can also obtain copies of the Proxy Statement, and
other documents filed with the SEC that will be incorporated by
reference therein, without charge, at the SEC’s website at
www.sec.gov, or by directing a request to: DHC Acquisition Corp.,
1900 West Kirkwood Blvd, Suite 1400B, Southlake, TX 76092 or by
emailing chris@integrity.partners.
Participants in the Solicitation
DHC, BEN and certain of their directors and executive officers
may be deemed participants in the solicitation of proxies from
DHC’s shareholders with respect to the Business Combination. A list
of the names of those directors and executive officers and a
description of their interests in the Business Combination has been
set forth in the Form S-4. Certain information regarding the
directors and executive officers of DHC is contained in its Annual
Report on Form 10-K for the fiscal year ended December 31, 2022.
These documents can be obtained free of charge from the sources
indicated above.
Forward-Looking Statements
This communication contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 that are not
historical facts, and involve risks and uncertainties that could
cause actual results of DHC and BEN to differ materially from those
expected and projected. These forward-looking statements can be
identified by the use of forward-looking terminology, including the
words “believes,” “estimates,” “anticipates,” “expects,” “intends,”
“plans,” “may,” “will,” “potential,” “projects,” “predicts,”
“continue,” or “should,” or, in each case, their negative or other
variations or comparable terminology. These forward-looking
statements include, without limitation, statements regarding the
potential of AI-driven solutions to improve customer relations and
experiences; the ability of Mr. Leibowitz’s (i) experience with
consumer protection and deep understanding of technology’s role in
ensuring privacy to be instrumental to BEN’s ongoing growth and
development and (ii) expertise in AI, business ethics and consumer
protection to help to guide BEN’s strategy; and DHC’s and BEN’s
ability to complete the Business Combination on the terms and
timeline set forth in the Proxy Statement or at all.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside DHC’s control and are difficult to predict. Factors that
may cause such differences include, but are not limited to: the
inability of the Parties to successfully or timely consummate the
Business Combination; the risk that the Business Combination may
not be completed by DHC’s business combination deadline and the
potential failure to obtain an extension of the Business
Combination deadline by DHC; failure to realize the anticipated
benefits of the Business Combination; risks relating to the
uncertainty of the projected financial information with respect to
BEN; the occurrence of any event, change or other circumstance that
could give rise to the termination of the definitive transaction
agreement; BEN’s history of operating losses; BEN’s need for
additional capital to support its present business plan and
anticipated growth; technological changes in BEN’s market; the
value and enforceability of BEN’s intellectual property
protections; BEN’s ability to protect its intellectual property;
BEN’s material weaknesses in financial reporting; and BEN’s ability
to navigate complex regulatory requirements; the ability to
maintain the listing of DHC’s securities on a national securities
exchange; the ability to implement business plans, forecasts, and
other expectations after the completion of the Business
Combination; the effects of competition on BEN’s business; the
risks of operating and effectively managing growth in evolving and
uncertain macroeconomic conditions, such as high inflation and
recessionary environments; and continuing risks relating to the
COVID-19 pandemic. The foregoing list of factors is not
exhaustive.
DHC and BEN caution that the foregoing list of factors is not
exclusive. DHC and BEN caution readers not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. None of BEN nor DHC undertakes nor accepts any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based. Further
information about factors that could materially affect DHC,
including its results of operations and financial condition, is set
forth under “Risk Factors” in Part I, Item 1A of DHC’s Annual
Report on Form 10-K for the fiscal year ended December 31,
2022.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities of BEN or DHC or a
solicitation of any vote or approval. No offer of securities shall
be made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240215471393/en/
BEN Contacts Investors: Ryan Flanagan, ICR
ryan.flanagan@icrinc.com Media: Dan Brennan, ICR
dan.brennan@icrinc.com
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