DWAC sister firms BENE and ZGYH see their warrants soar more than 750% intraday
Two special purpose acquisition companies run by the same CEO who heads the soaring SPAC that’s bringing former President Donald Trump’s nascent media company public rallied Friday on apparent hopes that they’ll soon see similar market success.
Shares and investment units of $BENESSERE CAP ACQUISITION CORP(BENE.US$ and Yunhong International $Yunhong International Units 1 Cl A Ord Shs 1/2 Red Wt And 1 Rt(ZGYH.US$ rose along with sister SPAC $Digital World Acquisition Corp(DWAC.US$.
DWAC is the special purpose acquisition company that agreed Thursday to merge with Trump Media & Technology Group at a $1.7B valuation. Its stock shot up to as high as $175 intraday Friday on continued enthusiasm for the deal.
That’s 1,657% above the $9.96 that Digital World Acquisition Corp closed at on Wednesday before announcing a SPAC merger with Trump’s new company.
The rally apparently spilled over to Benessere Capital and Yunhong International . Both SPACs are headed by Patrick Orlando, the same CEO of DWAC.
Although neither SPAC has finalized a merger deal yet, their shares, investment units, warrants and rights all rallied Friday in heavy volume – in some cases by more than 1,000% intraday.
For example, $Yunhong International C/Wts 31/01/2027 (To Pur Com)(ZGYHW.US$ blasted up 1,033% at one point Friday before ending the session at 85 cents, ahead 264.8%. $Yunhong International Com Usd0.001 (S/R 31/01/2027)(ZGYHR.US$ were likewise +147.6% at their peak, ultimately closing 38.8% higher at 34.7 cents.
Similarly, $Yunhong International Units 1 Cl A Ord Shs 1/2 Red Wt And 1 Rt(ZGYH.US$ rose +26.6% intraday before settling down to close +2.9% at $10.57. And lastly, $Yunhong International(ZGYHU.US$ gained as much as 27.2% before pulling back to finish the day 15.2% higher at $12.56.
Meanwhile, $BENESSERE CAP ACQUISITION CORP C/WTS (TO PUR COM)(BENEW.US$ soared as much as 787% intraday before ending the session at $1.86, up 200%. $BENESSERE CAP ACQUISITION CORP COM USD0.0001(S/RIGHT)(BENER.US$ likewise rallied 224% at one point before easing back to close at $0.54, ahead 45.9%.
At the same time, $BENESSERE CAP ACQUISITION CORP UNITS(1 ORD SHS A & 1 RT & 3/4 RED WT)(BENEU.US$ gained as much as 113.7% during the session before closing +33% at $14.50. And $BENESSERE CAP ACQUISITION CORP(BENE.US$ hit a +86.9% intraday peak, then ended the session 15.6% higher at $11.69.
The securities all rose on high volume that included multiple trading halts for some of them.
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Roy Peck : Why buy this share.!!
飞上太空的火箭 Roy Peck: Delisted
Roy Peck 飞上太空的火箭: Thanks for sharing.