BENE

NakedAsHeCame

Two more chances to get the votes, then it dies. DWAC can’t afford to pay for another 3 month extension given the 1% tax looming in Jan 2023. BENE was just shut down, next will be DWAC.

RuinousGaze

BENE liquidating. SBII, ADRT as well.

SPAC_Time

No, the original SPAC was Benessere Capital Acquisition Corp ( BENE BENER BENEW ), according to the Miami Herald. Patrick Orlando is also the CEO of that one. "At the meeting, Wilkerson said, Orlando proposed using his existing SPAC, Benessere Capital Acquisition Corp., as the vehicle to merge with Trump Media. Under securities laws, Benessere was allowed to target a merger partner because it was already established as a publicly traded company on the Nasdaq in 2020."

NakedAsHeCame

I won’t be surprised if the plug is pulled on this merger before then. Orlando wants to keep postponing until they get the votes (like with BENE) but all it’ll take is further exodus of PIPE, or Trump saying “the deal is off”, or SEC announcing results of its investigation, for it to collapse.

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DontFearTheBeaver

He used this account for one of the AMAs to get the necessary votes for an extension for BENE. Was pretty cringe.

SPAC_Time

The Benessere Capital Acquisition Corp ( BENE BENER BENEW ) extension meeting was scheduled for today at noon. Patrick Orlando immediately [adjourned the meeting, under his authority, until 4 pm today](https://www.cstproxy.com/benespac/sm2022/2022-07-07-6pm/HTML1/default.htm). Then it was then adjourned until 6 pm. It has been further adjourned until 7 pm.

SPAC_Time

Patrick Orlando ( also CEO of DWAC, the Trump / Truth Social SPAC ) and Benessere Capital Acquisition Corp ( BENE BENER BENEW ) continue to find timely filing of paperwork to be problematic. The charter for BENE specifies that ( after the previous extension ) [BENE must complete a business combination](https://www.accesswire.com/681517/Benessere-Capital-Acquisition-Corp-Announces-Shareholder-Approval-of-Extension-of-Deadline-to-Complete-Business-Combination) **by July 7, 2022**. So BENE needs shareholders to approve another extension today. BENE didn't file or begin mailing the definitive proxy for today's extension vote ***until yesterday !*** "[The accompanying proxy statement](https://www.sec.gov/Archives/edgar/data/1828735/000119312522188690/d335797ddef14a.htm), which we refer to as the “Proxy Statement”, **is dated July 6, 2022**, and is first being mailed to stockholders of the Company **on or about July 6, 2022**. " The meeting was scheduled for today at noon. Patrick Orlando [immediately adjourned the meeting](https://www.cstproxy.com/benespac/sm2022/HTML1/default.htm), under his authority, until 4 pm today.

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rackoblack

Fire American Funds. And make sure she knows what bullshit this boyfriend is pulling. Lots of great advice in this thread already, they got you covered. Wife's old job used American Funds and their atrocious fees. Fired them this year, it's now with our main brokerage (TDAmeritrade). The BENE IRA I got 20 years ago was with an even more expensive firm, that all predated the current fee-free era. It's been at TDA for most of that time (tho I didn't fire that firm quick enough).

TrashTrue233

BENE Vote on June 4th for merger, announced this morning!

No_FUD_only_Kindness

RIP BENE. SEC subpoenaed docs and records of all board meetings. They have one thing in common with DWAC: Patrick Orlando.

ZnoozeULooze

You’re in luck. Put all your money into a FOR SURE stock like DWAC or BENE then show us a screenshot of you being in the RED. We love to see it or the opposite of everything the Goat 🐐  Jim Cramer says. Or follow Nancy Pelosis portfolio.

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BTCRando

I feel that way about BENE bags, worst trade ever lol

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cw8950

We’ve all been there man. I did the same shit with MAQC warrants when they ran up in November. I’ll never forget that. Watched BENE warrants run to $6 so I didn’t sell maqcw when they hit around $2 and then watched all my gains evaporate before my eyes lol. Still stings to thing about it but I try to use it as a lesson

NiccyCage

BENE warrants. Got in at $0.49 sold at $2.56. Crashed a few hours after I sold.

SPAC_Time

Patrick Orlando was also the CEO of Yunhong International ( ZGYH ZGYHR ZGYHW ), which signed a definitive agreement with Giga Energy Inc. in May 2021. ZGYH never filed a S-4 of F-4 registration statement for that deal in the 4 months before Giga Carbon cancelled the deal because the outside date had passed. Then ZGYH failed to file their 10-K on time, and [received a delisting notice from NASDAQ](https://www.accesswire.com/669500/Yunhong-International-Announces-Receipt-of-Notice-from-Nasdaq-Regarding-Late-Filing-of-Annual-Report-on-Form-10-K). ZGYH then decided to liquidate in November 2021, leading to 100% losses for holders of rights and warrants. DWAC announced the deal with Truth Social in October 2020, six months ago. No public S-4 registration statement has been filed yet. Perhaps a confidential registration has been filed; however, there are no rules against publicly announcing that, because several other SPACs have issued press releases to announce exactly that. [Example 1](https://www.businesswire.com/news/home/20220203006027/en/OTR-Acquisition-Corp.-Announces-Confidential-Submission-of-S-4-Registration-Statement-Related-to-Proposed-Business-Combination) [Example 2](https://www.prnewswire.com/news-releases/north-atlantic-acquisition-corporation-announces-confidential-submission-of-form-s-4-registration-statement-related-to-proposed-business-combination-301456166.html) BENE announced the definitive agreement on November 24, 2021. They have also not filed a S-4 or F-4 registration statement to date. At bare minimum, it seems it's fair to say that timely filing of paperwork is not a strength of this sponsor.

cw8950

Lmao and to believe I held this fucker from 0.59 all the way up to almost $2 and didn’t sell cuz I had just watched DWAC warrants run to $80 and BENE run to $6. What a dumb I am haha at least I got out of these at almost break even

Tulip-5Solas

u/Canadian2020 - Thank you for the BENE AMA with Orlando. I’m very much looking forward to the DWAC AMA in April!

IdontThinkThatsTrue1

In the year 2021 you could have turned $20k into $70m+ off of just 3 Yolo trades, not even options and not even perfectly timing the entry and exit GME -> AMC -> DWAC If only I had a time machine... I actually did get into GME, CCIV, BB, and BENE early and make huge profits, but not that extreme

Rasputincello

Not sure about the dates but I would add these to your watchlist. FTCV, FPAC, CFVI, BENE, GGPI, SBEA

mclifford81

Trump stocks rolling over today. DWAC, PHUN, MARK, BENE, DATS. ALL MAKING MOVES

canadian2020

They are heavy; talking to my peeps it looks like the arbs are buying 20% of the common shares and selling for around 1.5-2% profit. Usually selling around $20. For $BENE I have been keeping track of the amount sold and I feel like a day more like today can get rid of the arbs.

redpillbluepill4

I passed on DWAC at 10.60 for moral reasons but i did make money on BENE.

imabev

I fashion myself a DWAC expert. It's too late for today. DWAC lives between 40-60. CVFI and BENE will sometimes spike with DWAC and are more affordable choices for a day or swing trade.

IdontThinkThatsTrue1

Literally my 4th best play behind GME, CCIV, and BENE ... And nobody talks about it on this sub at all despite the sea of blood red. HLLY keeps chugging along

redpillbluepill4

And....BENE extension approved. Warrants popped 30%

redpillbluepill4

Oh....BENE warrants are so cheap because they might not get the votes they need to extend. Now i get it.

Hardcoreposer7

ESSC: huge twitter/discord pumping going on, try your best to get out before the pump. Kinda laughable that people are talking about 300k float even though 10x traded that yesterday and raised the price 13%. Yes, I'm bitter I didn't load up at $10.50. BENE: why short? It's at NAV and not going to merge any time soon. If anything it may pump if extension gets approved today, esp considering they would add 20 cents to NAV, making it $10.35 MCMJ: with you on this through puts, at least 3.2M shares backstopped through arb investors (meaning they will happily sell if it goes above $10.06 or sell back to MCMJ after 3 months for $10.15)

WikiHowWikiHow

good morning/night r/SPACs ! any thoughts on what i got going on right now? long: $ESSC & $PL (just started my position this week don’t kill me) short: $BENE , $MCMJ, $EMBK

WikiHowWikiHow

i’m buying tf outta $BENE puts 🤷‍♂️

ControlTheNarratives

Yeah BENE got bought cause the sponsor brought DWAC public. CFIV at $12 and Triller headed back to penny stock land. I can make better money on NIO and LCID tbh

itsbusinesstiim

cfvi...ya know .. the other spac merging with a conservative social media company. and how about $seac merging with Triller...BENE is merging with a hydrogen company ...

ControlTheNarratives

DWAC and which others? Not BENE 🪦

redpillbluepill4

Best part of BENE ama? It's pronounced bay nay, as in spanish. Not bean.

fastlapp

Thank you Patrick! What was the rationale behind liquidating ZGYH and not extending like BENE? In the current environment, many SPACs are facing heavy redemptions from trust. In some cases, the transactions are delivering negative cash to targets after transaction expenses. Why would a private company merge with a SPAC without a PIPE or notes as part of the transaction, particularly one facing multiple rounds of redemptions such as BENE? Can you elaborate on what exactly happened when the ZGYH invested its trust in securities that were not T-bills and the sponsor needed to reimburse the trust for capital losses?

not_that_kind_of_dr-

I have two questions, more related to your SPAC operations than $BENE specifically. First, you've been part of multiple SPAC deals. And there are more SPACs in existence than ever before. What do you, as a sponsor, offer to bring to the table for a target like $BENE? What gets them to choose you over some other team? My second question is about redemptions, and what you think is your role in trying to prevent them. As an outsider, it doesn't seem like they benefit anyone: the target doesn't get as much money; the sponsors and SPAC and underwriters have to do the same (or more!) work, etc. So what can you, as a sponsor do to try to prevent redemptions from happening? It seems to me that there should be a lot more PR happening for all SPACs that isn't. Is there a reason why? I thought the benefit of the SPAC route was that foreward projections and discussions were allowed. \[Obviously doing outreach like this AMA is an example of something that should help\] Thanks for your time.

redpillbluepill4

Picked up a Jan 21 BENE $10 call for .15. This sucker might moon again.

redpillbluepill4

What's your relation to MAQC? Does Trump plan on investing, partnering, or promoting your other SPACs like BENE? What makes Ecombustible the leader in its field? And what challenges are ahead.

madcapmax

Cause nobody cares about BENE and only cares about DWAC

reality_czech

Selling BENE warrants to Trump cultists was my 3rd most profitable move in 2021 lol. I almost feel bad for them Almost

rjenks29

No way are BENE investors smart enough to figure out how to vote. 🤣🤣🤣

SPAC_Time

Not always. THCB/MVST did not pass; then THCB changed the charter to require only 50% of shares to vote yes to approve the extension (instead of the previous 65%, which they could not get) *after the termination date*, and then completed the merger. BENE also requires 65%. Many SPACs have had problems rounding up 65% of the votes, although most eventually do. BENE only has two days to round up the available votes. From [this morning's press release](https://www.accesswire.com/681202/Benessere-Capital-Acquisition-Corp-Reminds-Stockholders-to-Vote-in-Favor-of-Extension-Amendment-by-Friday-January-7-2022) : "**Should Benessere not receive votes representing at least 65% of its outstanding shares of common stock, it will need to commence the liquidation process and stockholders will be unable to capitalize on the potential opportunity presented by the proposed business combination with eCombustible Energy LLC ("eCombustible").**"

LagingRunatic

I’m sure you all noticed, BENE is a volcano waiting to erupt. I’ve been buying on the down low for weeks the floor is granite solid and volume gone. One positive Trump news item or with DWAC and it’s a guaranteed ten percent gain. This is a lock but buy slow and easy so we don’t alert the shorts.

redpillbluepill4

Basically my warrants strategy. Although BENE really was so much of it.

Responsible_parrot

Rode CCIV up and then further back down then I should have. Got smoked from March to May, rebounded a bit and then was in the red quite a bit by august. Paperhanded DWAC (was in for 1000 shares at 11 and out at 13 - every DA had returned to nav for the past 6 months, figured it would do the same. Did well on BENE and then some of the redemption squeezes. Ended the year at +165%. (Not all SPACs but mostly.)

CopperHands1

I think it’s finally time to dump my PHUN and BENE bags

eireks

BENE?

redpillbluepill4

I thought that, then lost money. But then mango came along and made my portfolio great again. Well ... Technically i caught some good swing action on BENE and MAQC

redpillbluepill4

I like MAQC better. Almost guaranteed to get a DA pop. However, i like BENE. I made a lot of money on it.

redpillbluepill4

BENE, BAKKT, MAQC, CCIV Warrants too in the above, and PPGH warrants.

IdontThinkThatsTrue1

no I sold BENE the moment the idiotic Trumpers pumped it lmao, it was stupid to begin with but I thank them for a massive payout

redpillbluepill4

You like BENE? Check out MAQC warrant history.

IdontThinkThatsTrue1

I made a shocking amount of money off LCID, HLLY, and BENE (and GME and BB lol) and literally all my other investments this year including ARK ETFs are down something like -40% overall lmao I got lucky on a few but overall I'm a terrible investor. I was attracted to SPACs because of the NAV floor and then like a dumbass I went heavy on deSPACs and warrants...like that defeats the entire point. Ugh. Anyone got a time machine I can borrow?

newfantasyballer

Shouldn’t BENE be a good play? It has popped multiple times with DWAC from the NAV floor. Downside is close to nil, upside is pretty decent.

Jason6j6j6j

well $BENE was also rumored for months, yet it ran 4 points when the deal was announced

hookisacrankycrook

The paragraph about discussions with BENE is clever. Like he discussed merging with BENE but it was too small so they launched DWAC and magically ended up there. Lol.

ImpactExtreme

for all you $BENE/eCombustible fans out there who are eagerly awaiting their investors presentation....... here you go! https://www.sec.gov/Archives/edgar/data/1828735/000119312521350249/d204093dex991.htm

redpillbluepill4

CFVI chart looks better than BENE or SBEA did. I think it consolidates near $13 and goes up some more. I'm holding my remaining shares i think, unless it shows serious signs of weakness. Bull flag on the daily was broken, but i think most have taken profit at this point. Chart starting to look a little like distribution. Could go either way, but I'm thinking it will maintain above $12 long term.

redpillbluepill4

All my major gains this year have mostly been hype plays or DAs like Lucid/CCIV and BENE, now CFVI. All my major losses have pretty much been post merger unfortunately. I'm now about 95% pre merger, but it was painful to cut most of my losses. I'm up for the year though, so it's cool.

redpillbluepill4

So is CFVI gonna DWAC or BENE? Or maybe DWENE?

newfantasyballer

The only one I caught was 40% in BENE. I’ve gotten REKT otherwise. I was literally looking at ESSC at 10.40 about half an hour before it blasted off. When it crashed back down later I thought for sure it was done.

Wut_About_Bob

Not one bit. Some of the stocks like PHUN and BENE, etc had rumored ties to Trump. This has confirmed ties. This is also the SPAC for a legit company already eating into YouTube’s market share. Hell, Donald Jr tweeted about CFVI / Rumble. What can’t be underestimated is how pissed off people were that Trump was censored from Big Tech. This is part of that vengeance plan and if you don’t think that gets people motivated for the stock to do well then you’re out of touch with reality.

stackcheesesitds

"What's this country coming to, trump's running for president? What a joke he'll never win!" - Me circa 2015 60k profits on DWAC 20K profits on BENE 50K yoloed at cfvi premarket Thursday w 13.5 avg.

rjenks29

I would agree but CFVI is a great supplemental play. Forget BENE, PHUN or SBEA, those were terrible. Truth social is actually partners with Rumble and needs rumble to succeed. Rumble is already a solid platform and doesn't necessarily need Trump to succeed. They were established before Trump running for president was even a reality.

Araniet

Ok, so this is how I do it. IF there is rumors about it I look if they are SPACs. If the are, invest as soon as you hear the rumor and near the 10$ mark. Why? Because SPACs have NAV (net asset value) protection which makes it hard for a SPAC to drop below 10$. And even if it does it hovers around the 9.50$ mark thus the potential loss is minimal. If the rumors turns out true, just wait until it picks up. There you go, you were early and won't be buying at the top. I only do this with SPACs tho as I don't like the risk/reward when it comes to a persona being attached to a stock ($BENE trailing behind other related stocks for example). Oh and hot hint, there is another SPAC which has huge rumors going for it and it's $PIPP.

AuntyPC

PHUN, BENE, etc.

imabev

DWAC, BENE CFVI...something brewing or just coincidence?

StinkweedMSU

I really thought retail would have learned from BENE that they're just handing bags of cash over to arb funds. Guess not.

Araniet

As a heads up because people don't know it. CEO of BENE is also CEO of DWAC. Last time it ran, it ran delayed by one trading day because people weren't aware. Also BENE has only 11m shares outstanding. This isn't trading advice, just putting out the info for people not knowing about it:) Godspeed to everyone

BoredBillionaire

Last time it ran to 20 in AH For $BENE

MaroBoyy_2ss

I been in since last monday bro along with BENE, QLGN before everyone ran to other "plays"

mikekeon11

How fucked are my BENE 10c’s for tomorrow?

stocks030

Hello Everyone, Tomorrow when markets don't forget to buy $BENE.

AbdulGX123

Keep an eye on BENE. Less then 15 million shares and over 77% owned by institutions according to Yahoo finance right now, so if these numbers are correct there’s only around 3.5 million shares right now available? If this takes off tomorrow and these numbers are correct, it could jump $50 fast.

MaroBoyy_2ss

$BENE

123_holden

Is there a presentation for BENE? Can't find one - the DA company has been around for 10 yrs...so there should be sales or a finished product ​ I'm up on my warrants but will most likely sell

mikekeon11

Balls deep in $BENE $10c let’s hope for the best

Odd-Application5611

Anyone is BENE? Lack luster response to merger news, but it looks like it might do something now

snyder810

With BENE and BLTS coming through on long rumor delay it’s giving me a little more faith in ROSS doing the same. Watching how the market is loving Navitas I really want GaN.

Baliballin

BENE making a run

Davencrusher

I'll never castigate someone for their gains, far from. This is so obviously a scam though and it makes SPACs look really bad. So on you, good! On BENE, Patrick O, and the eCombustible "team" shame and nothing but, they can piss outta here and let people who actually believe in SPACs over IPOs get back to some real work.

ThanosTheBalanced

$BENE (same CEO as $DWAC the Trump SPAC that went up 4200%) just announced merger agreement. $BENEW warrants at $2.

StinkweedMSU

Man, Arbs feasted all over retail on BENE.

epyonxero

That BENE move makes zero sense

Responsible_parrot

"BENE's halted, guess i'll buy DWAC instead"

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Artistic_History288

BENE to the moooon

tomshanski8716

BENE new Trump SPAC RIDE THE WAVE BUY PUTS IN A MONTH

jabogen

BENE, BTTX, MAQC... Wtf are we doing this again?

Wooden_Antelope_87

100% Trump connection play. BENE and MAQC were both hyped right after DWAC and it died off pretty quick

ropingonthemoon

Leave it to SPACs to always surprise you. Trash target confirmed for BENE (was known for months and the market didn't care about it before DWAC happened) but now it gets pumped anyway.

PrudentAd3789

What’s the news with BENE?

UnhingedCorgi

BENE is the one I accidentally bought a 12.5c instead of sold. # freeBENE

cw8950

BENE halted!

bar4cuda

Anybody buying BENE?

redpillbluepill4

BENE halted on DA