Home  »  Stocks to Invest   »  Benessere Capital Acquisition Corp. (BENE) Stock C...

Benessere Capital Acquisition Corp. (BENE) Stock Continuously Rising, Here’s Why

Benessere Capital Acquisition Corp. (BENE), a blank check company, has increased 6.07% in aftermarket trading session. Consequently, BENE is changing hands at $12.4 at the time of the writing. On Friday, BENE closed the day at $11.69 after soaring 15.63% during regular trading hours. The surge has come after the news of a possible merger deal of the company with eCombustible, a hydrogen fuel-related company, in near future.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


Rumours of a deal between BENE and eCombustible

On 14th October, certain news outlets reported that eCombustible, a hydrogen-based fuel-related company, is in talks of a merger with BENE. According to the details, Benessere was discussing the potential deal that could value the combined body at about $800 million to about $1 billion. For the people knowing the matter, the terms of the deal could change as the talks advance forward. Also, there was no certainty that the negotiations could lead to an agreement. eCombsutible is in midst of developing hydrogen-based alternative fuel. It has been running industrial-scale tests on its technology for the past few months. So, a potential deal with BENE could be a massive boost for Benessere’s business in the future to come.  

Q2 2021 financial results

On 23rd August, BENE reported the financial results for the second quarter of the fiscal year 2021 which ended on 30th June 2021. The company had cash and cash equivalents of $0.46 million on 30th June. At the time, the total assets in possession of the company were $117.32 million, while the total liabilities were estimated to be $8.57 billion. The total costs bore by the company during three month period were $0.14 million. The franchise tax expense for the three months was $83,333. The company suffered a loss of $0.22 million from operational costs during the period. The net loss for the three months was $0.94 million. The basic and diluted loss per share for the three months was estimated to be $0.21.

What’s next for BENE?

During the last three months, BENE has surged more than 15%. The surge is primarily attributable to business expansion plans, like rumours of mergers, etc. Analysts believe that in case of a successful deal between eCombustible and Benessere, the company could reap numerous benefits. So, potential investors should keep a close eye on fluctuations in BENE stock.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam