BENE - DWAC sister SPAC Benessere Capital to liquidate after eCombustible deal terminated

• Patrick Orlando's SPAC Benessere Capital Acquisition ( NASDAQ: BENE ) said Friday it will liquidate as a result of the recent termination of its merger with eCombustible , ongoing regulatory investigations and its sponsor not making additional monthly contributions to the trust account.
• Benessere Capital ( BENE ) will redeem all outstanding class A shares included in the units issued in its IPO at a per-share redemption price of ~$10.45.
• Redemption of shares will be effected within 10 business days after Oct. 17.
• There will be no redemption rights or liquidating distributions for the SPAC's warrants and rights.
• Benessere is run by Orlando, who also runs Digital World Acquisition ( DWAC ), which is currently part of a high profile merger with Trump Media .

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