Technology SPAC Benessere Capital Acquisition prices $100 million IPO at $10

Benessere Capital Acquisition, a blank check company targeting middle market technology businesses in the Americas, raised $100 million by offering 10 million units at $10. Each unit will consist of one share of common stock and three-fourths of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Patrick Orlando, who is currently the CEO of Benessere Capital and February 2020 SPAC Yunhong International (ZGYH), and CFO Francisco Flores, who is founder and Managing Director of Trebol Capital, founder and Managing Partner of Industrias Tecnologicas de Aguascalientes and Younicorn Apps, and a General Partner at Klee Real Estate. Benessere Capital Acquisition intends to target technology-focused middle market and emerging growth companies in North, Central, and South America. 

Benessere Capital Acquisition plans to list on the Nasdaq under the symbol BENEU. Kingswood Capital Markets acted as a lead manager on the deal.