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BENE Benessere Capital Acquisition

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.

BENE stock data

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Calendar

23 Aug 21
16 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
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Net income
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Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Cash on hand (at last report) 468.59K 468.59K 468.59K
Cash burn (monthly) 32.84K 75.57K (positive/no burn)
Cash used (since last report) 116.49K 268.04K n/a
Cash remaining 352.1K 200.55K n/a
Runway (months of cash) 10.7 2.7 n/a

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

34.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 11 24 -54.2%
Opened positions 5 23 -78.3%
Closed positions 18 0 NEW
Increased positions 1 1
Reduced positions 3 0 NEW
13F shares
Current Prev Q Change
Total value 1.99M 31.63M -93.7%
Total shares 4.07M 14.02M -71.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
ARC Global Investments 3.19M $0 0.0%
CVI Investments 700K $0 0.0%
Context Capital Management 55.33K $594K +10.7%
Basso Capital Management 51.6K $554K -82.5%
Landscape Capital Management, L.L.C. 26.94K $289K NEW
Millennium Management 25K $269K NEW
Flow Traders U.s. 12.19K $131K NEW
Wolverine Asset Management 8.68K $93K -77.2%
MS Morgan Stanley 3.04K $33K NEW
UBS UBS Group AG - Registered Shares 1.98K $21K -52.5%
Largest transactions
Shares Bought/sold Change
Karpus Management 0 -2.95M EXIT
Owl Creek Asset Management 0 -1.34M EXIT
Polar Asset Management Partners 0 -991K EXIT
Hudson Bay Capital Management 0 -990K EXIT
K2 Principal Fund 0 -714.53K EXIT
CVI 0 -700K EXIT
Shaolin Capital Management 0 -533.21K EXIT
Kepos Capital 0 -326.74K EXIT
Boothbay Fund Management 0 -300K EXIT
Periscope Capital 0 -250K EXIT

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any revenues to date. Our only activities from inception through June 30, 2021 were organizational activities and those necessary to prepare for the initial public offering, described below. We do not expect to generate any operating revenues until after the completion of our business combination. We expect to generate non-operating income in the form of interest income on marketable securities held after the initial public offering. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
  • For the three months ended June 30, 2021, we had a net loss of $941,352, which consists of approximately $734,297 of loss from change in fair value of warrant liability, franchise tax expense of $83,333 and operating costs of $143,374, which was partially offset by approximately $19,652 interest income on marketable securities held in the Trust Account.
  • For the six months ended June 30, 2021, we had a net income of $5,215,759, which consists of interest income on marketable securities held in the Trust Account of $37,361, change in fair value of warrant liability $5,884,933, and offset by franchise tax expense of $83,333, operating costs of $457,302 and non-operating costs $165,900.
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