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Benessere Capital Acquisition Corp. (NASDAQ:BENE) announced the effective date for the redemption of all Class A common stock shares as October 31, 2022. The expected redemption price per share is approximately $10.45, net of taxes and dissolution expenses. Class A Shares will cease trading on the effective date, while redemption rights will not apply to warrants and rights. Additionally, the Company plans to file a Form 25 for the delisting of its securities from Nasdaq. As of November 1, 2022, Class A Shares will be canceled, granting holders the right to claim the Redemption Amount.
Benessere Capital Acquisition Corp (Nasdaq:BENE) has announced its decision to dissolve and liquidate following the termination of its proposed merger with eCombustible Energy LLC and ongoing regulatory scrutiny. The board of directors has resolved to redeem all outstanding Public Shares at approximately $10.45 each. Following this decision, the trust account will be liquidated for disbursement to Public Shareholders. Notably, initial stockholders have waived their redemption rights, and warrants and rights will expire worthless without redemption.
Benessere Capital Acquisition Corp. (NASDAQ: BENE) announced the upcoming business combination with eCombustible Energy LLC, aiming for completion in Q3 2022. The transaction follows a $11.2 million investment from Pamesa Group linked to a $500 million fuel supply contract in Spain. eCombustible has also secured vital construction and environmental permits for projects with Anglo American in Brazil. The combined entity will be renamed eCombustible Energy Corporation, with shares trading under the new symbol ECEC.
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