Benessere Capital Acquisition in an 8-K filing said its merger partner eCombustible has terminated the deal. No reason was given.
The SPAC’s stockholders in July approved an extension date for the merger deadline to Jan. 7, 2023. The deal was valued at $805 million.
eCombustible Energy provides customizable hydrogen-based fuel for thermal industrial applications.
Benessere CEO Patrick Orlando also leads Digital World Acquisition, the SPAC struggling to take Donald Trump’s social media company public. Read more.
