Welcome to our dedicated page for Benessere Capital Acqustn news (Ticker: BENE), a resource for investors and traders seeking the latest updates and insights on Benessere Capital Acqustn stock.
This page contains historical news coverage for Benessere Capital Acquisition Corp (BENE), a Special Purpose Acquisition Company that operated between 2021 and 2022. The company went public on NASDAQ in January 2021 as a blank check company seeking to acquire middle-market technology businesses in the Americas, before liquidating in October 2022 following the termination of its merger agreement with eCombustible Energy.
The news archive documents the complete lifecycle of this SPAC, from its initial public offering through its attempted business combination and ultimate liquidation. Coverage includes the announcement of the proposed merger with eCombustible Energy, a hydrogen fuel technology company, which valued the combined entity at approximately $1.4 billion. Subsequent reporting tracked shareholder votes on deadline extensions, redemption levels as public investors withdrew their capital, and the eventual deal termination that led to the SPAC's dissolution.
This historical record provides context for understanding how SPACs operate, the challenges blank check companies faced during the market downturn that began in late 2021, and the factors that can cause proposed SPAC mergers to fail. The news coverage captures regulatory developments, shareholder actions, and corporate announcements that shaped Benessere Capital's path from IPO to liquidation. Reviewing these articles offers insight into the SPAC structure, including redemption mechanics, extension processes, sponsor economics, and the timeline pressures that influence blank check company decision-making.
Since BENE completed its liquidation and no longer exists as an operating entity, this news archive serves as a historical resource for investors, researchers, and market participants seeking to understand this particular SPAC's trajectory and the broader blank check company market dynamics during this period.
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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