Benessere Capital Acquisition stockholders approved an extension date for the SPAC’s merger deadline to Jan. 7, 2023. The extension provides Benessere with additional time to complete the proposed merger with eCombustible Energy, which provides customizable hydrogen-based fuel for thermal industrial applications.
The SPAC has extended the share redemption deadline until 5 p.m. EST July 14.
The deal is valued at $805 million.
If approved eCombustible Energy would list on the Nasdaq under ECEC. Benessere raised $115 million in its IPO earlier this year, and approximately $116.5 million is now held in trust.
Benessere CEO Patrick Orlando also leads Digital World Acquisition, the SPAC that plans to merge with Donald Trump’s media company. Read more.
