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home / news releases / IPOS - Trump deal: DWAC's sister SPACs BENE and ZGYH see warrants rally 100%+ in pre-market

IPOS - Trump deal: DWAC's sister SPACs BENE and ZGYH see warrants rally 100%+ in pre-market

Renaissance Capital Greenwich Fund
Two SPACs run by the same CEO in charge of the company that’s bringing former President Donald Trump’s media company public are seeing their warrants soar 100%+ in pre-market trading Monday, rising for a second session. Warrants tied to Benessere Capital Acquisition Corp. (NASDAQ:BENE)(NASDAQ:BENEU)(NASDAQ:BENEW)(NASDAQ:BENER) and Yunhong International (NASDAQ:ZGYH)(NASDAQ:ZGYHU)(NASDAQ:ZGYHW)(ZGYWR) are rallying in pre-market trading, presumably on expectations that the SPACs will reach similar well-received merger deals. The two firms’ units, rights and underlying stock shares are also rising, albeit not as dramatically. Both SPACs are run by Patrick Orlando, the same CEO of Digital World Acquisition Corp. (NASDAQ:DWAC). That’s the special purpose acquisition company that agreed last week to take Trump Media & Technology Group at a $1.7B valuation. DWAC shot up more than 1,600% intraday last week following the merger news. The stock was adding another roughly 17% at last check in pre-market trading Monday. This is a developing story.

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Trump deal: DWAC’s sister SPACs BENE and ZGYH see warrants rally 100%+ in pre-market
Stock Information
Company Name: Renaissance Capital Greenwich Fund
Stock Symbol: IPOS
Market: NYSE
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