DWAC sister SPAC Benessere Capital halted for news pending
$Benessere Capital Acquisition Corp(BENE.US$, the SPAC that is run by Patrick Orlando, who is also behind the Trump's media deal with SPAC $Digital World Acquisition Corp(DWAC.US$, has been halted for news pending.
Another SPAC run by Orlando, $Yunhong International Com Usd0.001 (S/R 31/01/2027)(ZGYHR.US$, on Friday disclosed in an 8-K filing that it plans to dissolve and liquidate after it was unable to consummate a deal within the required timeframe.
$BENESSERE CAP ACQUISITION CORP C/WTS (TO PUR COM)(BENEW.US$ warrants initially jumped on the Digital World deal with Trump back in October.
Benessere Capital also disclosed in an 8-K filing dated Nov. 19 that that the SPAC's audit committee said that the company's financial statements should be no longer be relied upon due to the classification of the company's Class A common stock as temporary equity.
Orlando's dealings with Trump have come under scrutiny in the wake of a New York Times article last month that claimed there might be potential violations of securities laws in regard to the DWAC SPAC. Last week Sen. Elizabeth Warren (D-MA) sent a letter to SEC Chairman Gary Gensler requesting that the agency investigate the transaction.
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John Dow : last week lizzie called for the SEC to investigate gas stations for the hike in oil prices. does that old dingbat know anything about economics?
woodfill John Dow: I think the answer is… no.
Johnsh John Dow: lizzie should be in a retirement home with poopy pants, let's go Brandon
ChclABkTHD : If somebody is making money, you can bet Elizabeth Warren isn't happy about it.
Lying about your race on a job application on the other hand...
fWY3TQgFdr : Ok , everybody, start buying. I think we hit rock bottom yesterday.
ps: DYOR
fPyTvyOaaW : Bought in today