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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.
Benessere Capital Acquisition Corp. (Nasdaq:BENEU) announced the separation of 11,500,000 units sold in its initial public offering starting January 28, 2021. Holders can now trade shares of Class A common stock under the symbol BENE and warrants under BENEW. Units not separated will continue trading under BENEU. The registration statement for these securities was effective as of January 4, 2021. Benessere aims to target technology-focused mid-market and emerging growth firms across the Americas for future business combinations.
Benessere Capital Acquisition Corp. has successfully closed the issuance of an additional 1,500,000 units following the full exercise of the underwriters' over-allotment option from its initial public offering. These units, listed on Nasdaq under the ticker symbol 'BENEU,' consist of one share of Class A common stock, one right, and three-fourths of a redeemable warrant. Each right allows for the acquisition of one-tenth of a share of Class A common stock, while each whole warrant is priced at $11.50. The Company targets technology-focused emerging companies in the Americas for potential mergers or acquisitions.
Benessere Capital Acquisition Corp. has successfully closed its initial public offering, raising $100 million by selling 10,000,000 units at $10.00 each. The units are now listed on Nasdaq under the ticker symbol BENEU. Each unit consists of one share of Class A common stock, one right, and three-fourths of one redeemable warrant. The company aims to pursue mergers in technology-focused sectors across the Americas. The offering includes a 45-day option for underwriters to purchase an additional 1,500,000 units, enhancing the capital raise potential.
Benessere Capital Acquisition Corp. announced the pricing of its initial public offering (IPO) of 10,000,000 units at $10.00 each, set to begin trading on the Nasdaq under ticker symbol BENEU on January 5, 2021. Each unit consists of one share of Class A common stock, one right, and three-fourths of a redeemable warrant, with the rights allowing fractional shares upon an initial business combination. The company intends to target technology-focused middle market and emerging growth sectors across the Americas. Kingswood Capital Markets is the sole book-running manager for the IPO.
