Benessere Capital Acquisition Corp. (the “Company”) is a blank check company incorporated in the State of Delaware on September 25, 2020. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (“Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on technology-focused middle market and emerging growth companies in North, Central and South America.
Company profile
Ticker
BENE
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
BCAC Holdings Inc. • BCAC Purchaser Merger Sub LLC • BCAC Company ...
IRS number
853223033
BENE stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
31 Oct 22
25-NSE
Exchange delisting
31 Oct 22
25-NSE
Exchange delisting
31 Oct 22
25-NSE
Exchange delisting
31 Oct 22
8-K
Benessere Capital Acquisition Corp. Provides Update on its Intended Liquidation and Redemption of Class A Common Stock
28 Oct 22
8-K
Benessere Capital Acquisition Corp. Announces Liquidation
21 Oct 22
8-K
Termination of a Material Definitive Agreement
14 Oct 22
8-K
Benessere Announces Receipt of Nasdaq Notice of Non-compliance and Subsequent Notification of Compliance
1 Sep 22
10-Q
2022 Q2
Quarterly report
24 Aug 22
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
24 Aug 22
Latest ownership filings
SC 13G/A
GLAZER CAPITAL, LLC
10 Nov 22
SC 13G
HIGHBRIDGE CAPITAL MANAGEMENT LLC
3 Aug 22
3
Initial statement of insider ownership
25 Jul 22
4
Rene Gerardo Sagebien
12 Apr 22
3
Rene Gerardo Sagebien
12 Apr 22
4
Joseph A Porrello
12 Apr 22
4
Patrick Francis Orlando
12 Apr 22
3
Joseph A Porrello
12 Apr 22
SC 13G
GLAZER CAPITAL, LLC
11 Apr 22
SC 13G
Feis Lawrence
2 Mar 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.31 k | 1.31 k | 1.31 k | 1.31 k | 1.31 k | 1.31 k |
| Cash burn (monthly) | 2.46 k | 38.94 k | (no burn) | 57.02 k | 52.12 k | 69.27 k |
| Cash used (since last report) | 17.40 k | 275.68 k | n/a | 403.65 k | 369.01 k | 490.42 k |
| Cash remaining | -16.09 k | -274.37 k | n/a | -402.34 k | -367.71 k | -489.12 k |
| Runway (months of cash) | -6.5 | -7.0 | n/a | -7.1 | -7.1 | -7.1 |
Institutional ownership, Q3 2022
86.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 28 |
| Opened positions | 5 |
| Closed positions | 16 |
| Increased positions | 3 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 62.82 mm |
| Total shares | 9.28 mm |
| Total puts | 186.40 k |
| Total calls | 690.40 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| ARC Global Investments | 3.19 mm | $0.00 |
| Glazer Capital | 1.03 mm | $10.64 mm |
| Citadel Securities GP | 875.05 k | $8.87 mm |
| Highbridge Capital Management | 737.13 k | $7.64 mm |
| Feis Lawrence Michael | 613.26 k | $6.26 mm |
| Meteora Capital | 488.97 k | $5.07 mm |
| Vivaldi Asset Management | 466.92 k | $4.84 mm |
| Shaolin Capital Management | 420.47 k | $4.36 mm |
| Mizuho Securities Usa | 400.00 k | $4.10 mm |
| Graham Capital Wealth Management | 337.33 k | $3.50 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Apr 22 | ARC Global Investments | Class B Common Stock Class A Common Stock | Other | Dispose J | No | No | 0 | 2,500 | 0.00 | 2,820,833 |
| 8 Apr 22 | ARC Global Investments | Class B Common Stock Class A Common Stock | Other | Dispose J | No | No | 0 | 2,500 | 0.00 | 2,823,333 |
| 8 Apr 22 | ARC Global Investments | Class B Common Stock Class A Common Stock | Other | Acquire J | No | No | 0 | 833 | 0.00 | 2,825,833 |
| 8 Apr 22 | Joseph A Porrello | Class B Common Stock Class A Common Stock | Other | Acquire J | No | No | 0 | 2,500 | 0.00 | 2,500 |
| 8 Apr 22 | Rene Gerardo Sagebien | Class B Common Stock Class A Common Stock | Other | Acquire J | No | No | 0 | 2,500 | 0.00 | 2,500 |