In the ever-evolving technological planet, revolutionary solutions are a main driving pressure across industries. Emerson Electric Co. (NYSE:EMR), a worldwide technology and engineering firm, has been at the forefront of providing these answers to its customers across business, industrial, and shopper marketplaces. Recently, Curbstone Economic Administration Corp took discover and bought a new stake in the business.
According to the most recent Variety 13F filing with the Securities & Exchange Commission, Curbstone Financial Administration Corp procured 4,982 shares of EMR inventory valued at somewhere around $479,000. This go has grabbed the focus of investors who are eager on following Curbstone’s economical investments.
EMR gives an amalgam of items and expert services that incorporate engineering with engineering abilities to produce impressive solutions encompassing Automation Alternatives, AspenTech, Professional and Residential Solutions, Local climate Systems, and Instruments and Household Merchandise. The enterprise has been catering to its customers’ needs for several years now.
Shares of EMR opened on Monday at $82.89 with their 50-working day straightforward moving ordinary of $86.08 and their 200-day straightforward transferring typical at $87.73 respectively. It is pertinent to take note that EMR has a debt-to-fairness ratio of .49 alongside with existing ratio metrics standing at 1.10 alongside with brief ratios registering at .86.
Seeking deeper into this financial investment conclusion shows that it was not devoid of risk certainly- any investment carries some diploma of danger! On the other hand EMR offers an beautiful proposition because of to its constant track record as demonstrated by trading metrics involving its higher selling price tag ($100) – which it could quickly exceed- and very low pricing ($72). With these moves in information-backed tactics Curbstone Economic seems to be on training course for successful huge in investing.
Emerson Electric powered Co’s market capitalization is valued near to $47 Billion currently—and rightly so! Its economical indicators continue to be powerful with a P/E ratio of 10.52, PEG ratio of 2.40, beta of 1.39 signifying a powerful keep in the current market.
In conclusion, Emerson Electric Co’s systems and at any time-evolving engineering abilities have positioned them at the forefront of considerable improvements across industrial, industrial and customer markets with good returns for traders who can leverage varied approaches for healthful financial investment yields. Curbstone Economical Administration Corp’s expenditure was well timed and based on an astute evaluation completed on elementary metrics solidifying EMR’s standing as an desirable long-term wager on shares that could exceed its $100 prime pricing degree in the coming quarters.
Emerson Electrical Co. Announces Variations in Shareholdings and Score from Analysts
Emerson Electric Co., a international know-how and engineering organization, lately declared variations to its shareholdings as quite a few massive traders modified their stakes in the corporation. RB Cash Management boosted its stake in shares of Emerson Electric powered by 3.{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the initially quarter to own 5,358 shares of the industrial products company’s stock valued at $525,000 following shopping for an supplemental 155 shares in the previous quarter. Fairfield Bush & CO. obtained a new stake in shares of Emerson Electric powered in the course of the 1st quarter really worth $116,000 although Prudential PLC acquired a new posture in shares during the exact same time period value $1,215,000. Sequoia Fiscal Advisors LLC lifted its stake in shares by 17.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in Q1 to now individual 9,521 shares of the inventory valued at $934,000 following buying an additional 1,418 shares for the duration of the period of time. Ultimately, Brighton Jones LLC boosted its holdings by 31.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of Q1 to now possess 3,856 shares of Emerson Electric’s inventory well worth $378,000 following getting an extra 931 shares.
In the meantime a number of equities investigation analysts have issued rankings on EMR stocks with Wells Fargo & Firm boosting their value target from $90.00 to $95.00 and providing the inventory an “equal weight” ranking in a note on Wednesday November 30th while Argus decreased Emerson Electrical from a “buy” score to a “hold” rating on Tuesday February 14th.Deutsche Bank Aktiengesellschaft also slash its price tag focus on to$93 and rated it “hold” while UBS Group lifted Emerson Electric powered from a “neutral” rating to a “buy” ranking but diminished their price concentrate on for the business from $100.00 to $97.00 . Among 13 analysts who rated this stock as a result of Bloomberg.com seven have issued a purchase ranking.
With regards to quarterly earnings outcomes which had been posted last February, Emerson Electric powered reported $.78 earnings for every share for the quarter, lacking analysts’ consensus estimates of $.88 by ($.10). On the other hand, the business had earnings of $3.37 billion for the quarter and its profits was up 6.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a 12 months-above-calendar year basis.
The organization also just lately introduced a quarterly dividend paid to shareholders of report on February 17th in the total of $.52 per share, resulting in an annualized dividend yield of 2.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend day of this dividend was Thursday, February 16th.
Emerson Electric remains steadfast and resilient inside of their industry inspite of modern shuffles with their shareholdings and ratings from equities investigation analysts.
SAN DIEGO–(Company WIRE)–Kyriba, a world wide chief of cloud-dependent finance and IT answers, has been acknowledged by International Finance Journal as 1 of the 5 most ground breaking worldwide economic technological know-how firms of 2022. The Innovators Awards – the publication’s tenth once-a-year recognition software –honors banking companies, fintechs and other corporations that excel at advancing new instruments and paths in finance. Kyriba joins an elite group of global monetary technology innovators regarded by the highly regarded field publication such as Stripe, Capitolis, Dwolla, and Keo Globe.
“We are honored to be identified for our role in shaping the future of finance and for building a positive influence on the digital transformation journey of a lot of worldwide enterprises and economic institutions,” mentioned Jean-Luc Robert, chairman and CEO of Kyriba. “Kyriba is consistently innovating our liquidity management system and ecosystem of apps that assist us empower CFOs, CIOs, CROs, Treasury and their groups to travel better organization outcomes.”
In the earlier 12 months, Kyriba has invented and introduced to current market new alternatives that unlock benefit for CFOs, empower authentic-time choice support, decrease the value and time to benefit for new product integration and implementation and much more. Kyriba also continues to promptly expand an unmatched ecosystem of progressive partnerships. Recent achievements incorporate:
Identified by IDC for remarkable purchaser satisfaction in the SaaS Treasury Administration (TM) current market
“This award further conjures up Kyriba to provide new answers to our thousands of shoppers who attain bigger ROI, enhanced choice aid via APIs, sophisticated income forecasting, doing work money and possibility mitigation methods, accelerating growth possible every single working day,” Robert reported.
All honorees were picked by the editorial board of World wide Finance — known as ‘the foremost voice for present day finance’ — with the input of its expert editorial team, who also awarded Kyriba for “World’s Best Treasury Administration Software” and “Open Banking Treasury Option.”
To understand much more about Kyriba’s treasury administration and open up banking solutions, take a look at Kyriba.com to read about International Finance’s once-a-year Innovators Awards for 2022, go to gfmag.com.
About Kyriba Corp.:
Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform treasury, payments, working capital, and connectivity answers to activate liquidity as a dynamic, actual-time vehicle for progress and price generation. Kyriba is a safe, scalable SaaS platform that leverages synthetic intelligence, automates payments workflows, and permits countless numbers of multinational companies and banking institutions to improve advancement, guard towards reduction from fraud and monetary danger, and reduce operational prices. With above 2,500 clientele throughout the world, together with 25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of Fortune 500 and Eurostoxx 50 firms, Kyriba manages much more than 1.3 billion lender transactions for each 12 months, and 250 million payments for a complete worth of $15 Trillion yearly.
Kyriba is headquartered in San Diego, with workplaces globally. For extra facts, check out www.kyriba.com.
Explore the full 2022 list of Fast Company’sMost Innovative Companies, 528 organizations whose efforts are reshaping their businesses, industries, and the broader culture. We’ve selected the firms making the biggest impact with their initiatives across 52 categories, including the most innovative personal finance, security, and data science companies.
This year’s most innovative finance companies are using technology to automate operations, using capital to fight climate change, and using data to fight fraud and improve credit.
Ramp, a corporate card, gives companies personalized control over when and where employees spend their budgets and also flags items like duplicate expenses, helping companies save money. Spiff, which automates sales commissions, and FloQast, which automates accounting workflows, are also designed for CFOs and their teams.
To lower carbon emissions, GoodLeap provides financing to homeowners looking to electrify their homes with solar panels, batteries, and more. Hannon Armstrong, meanwhile, has quietly become an important player in financing large-scale carbon offset projects, like wind farms.
To combat e-commerce fraud, Forter takes a network-based approach, scanning transactions at brands including Nordstrom and Priceline to look for systemic patterns.
Esusu and Karat Financial are taking a nontraditional approach to credit. Esusu partners with landlords to count renters’ monthly payments toward their credit scores. Karat, a Y Combinator graduate, serves entrepreneurs in the creator economy by using their followers and other social metrics as inputs in its credit model. Then there’s Aon, which is helping companies properly value and insure their IP—in many cases, their most important asset.
1. Ramp
For programming corporate expense rules down to the merchant level
Barely a year after its launch, Ramp is the fastest-growing corporate card in the United States. Its 2,000 enterprise customers—from the real estate broker Douglas Elliman to the creative agency Red Antler—use Ramp to consolidate corporate cards, expense management, bill payment, and more into one Slack-integrated platform. Ramp gives businesses the ability to build custom parameters into their cards, making it easy for its customers to keep costs in check and enforce expense policies. Last July, for example, Ramp became the first credit card able to program cards at the merchant level, so companies can either restrict a card’s use with specific vendors or to create an approved list of the only vendors where charges can be made. The company claims that one-third of its customers switched over from American Express, and 90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} have adopted Ramp as their comprehensive spend-management platform. Ramp earns a fractional fee off every transaction, and when you’re talking about a card that hit $1 billion in annualized spend less than 15 months after launch, those tiny fees add up. Ramp completed its second and third funding rounds in February and August of 2021, raising a total of $415 million.
Ramp is No. 25 on this year’s list of the World’s 50 Most Innovative Companies.
2. GoodLeap
For bounding from rooftop solar loans to efficient HVAC, geothermal heating, and more
GoodLeap, led by a former SolarCity executive, has become the country’s biggest rooftop solar financing provider in just three years by effectively serving as a bridge between homeowners, lenders, and installers. Last year, the company made more moves to gain traction in the $430 billion market for sustainable home upgrades in the United States. In June, GoodLeap announced that it was rolling out a slew of new products (resilient roofing, efficient HVAC, geothermal heating, and water-saving landscaping) onto its platform, enabling homeowners to bundle more projects into a single loan. The San Francisco-based company uses its own underwriting engine to expedite approval processes and provide homeowners with flexible payment plans, potentially expanding its pool of customers. Last July, GoodLeap announced its first securitization to include both residential solar and sustainable home improvement loans—$417 million worth. Sponsored by Credit Suisse affiliate Lime Residential, the move enhances GoodLeap securities, in the form of bundled loans, as attractive options for institutional investors seeking assets to add to their ESG (Environmental, Social, and Governance) portfolios. Before the end of the year, GoodLeap announced that it had funded over $10 billion in residential solar and sustainable home improvement projects, including $4.8 billion in 2021 alone.
GoodLeap is No. 30 on this year’s list of the World’s 50 Most Innovative Companies.
3. Forter
For being the anti-fraud bodyguard for e-commerce merchants
E-commerce fraud cost retailers more than $20 billion in 2021, in addition to creating headaches for consumers subject to account takeovers or identity theft. Forter helps its customers, which include Nordstrom, Asos, and Instacart, prevent fraud and protect the identities of more than a billion global shoppers through its AI-powered platform that focuses on individual consumer behavior patterns rather than rules that may wind up discriminating against certain kinds of consumers (such as those shopping from an area deemed “high crime.”) In March 2021, in partnership with Capital One, Forter launched Trusted Authorization, which gives merchants a direct connection with issuing banks and offering them access to Forter’s fraud insights, reducing false declines. Two months later, Forter extended its fraud-prevention platform to payment service providers (third-party companies like Stripe or Square that facilitate transactions between merchants and banks). The company also released two other new products for merchants last year, one aimed at protecting rewards programs from fraud, another to help spot abusive returns practices. Over the last 18 months, Forter has doubled the number of merchants in its global network—which represent more than $250 billion in annual online transactions—and increased annual revenue by 130{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
4. Hannon Armstrong
For betting on pro-climate returns
Hannon Armstrong is one of the largest and most established climate investors, with a portfolio worth $3.2 billion. Long before climate tech came into vogue, the firm has been backing projects in solar, wind, and other elements of green infrastructure that will reduce carbon emissions and increase resilience to climate change. Since 2013, Hannon Armstrong has delivered a 576{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} total return to its investors, and in 2021, the company made many significant new renewable energy investments, including $20 million in the Bluestone Solar project in Chase City, Virginia, and $62 million in Blackrock Wind Farm in West Virginia. Both projects aim to help diversify the energy economy of the region.
5. Aon
For unlocking the value of IP
Half a century ago, intangible assets, such as trademarks, patents, and licensing agreements, comprised less than 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the value of companies in the S&P 500; today, that bundle of rights accounts for 90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Determining those values, though, can be fraught, not to mention a cumbersome drain on resources. In November 2020, the IP valuation division of Aon, the $64 billion market-cap insurance giant, released a new tool to streamline the process. The Quality of Intellectual Property (QoIP) platform helps deal teams accelerate their ability to construct clear and compelling IP-value narratives. The QoIP catalogs a company’s entire portfolio of patents, trademarks, trade secrets, brand assets, and so forth, highlighting protected valuable technologies and competitive advantages. Aon’s new service also predicts future revenue streams and benchmarks IP quality versus competitors. Last July, Aon constructed an IP insurance policy for Entrinsic Bioscience that enabled the biotech company to secure $49 million from Jefferies Group in non-dilutive capital, one of the seminal benefits of Aon’s solution. Shavelogic, an upstart men’s grooming brand, used a similar strategy to value its 150-plus patents, helping it raise $100 million in September 2021.
6. Relay Payments
For connecting supply chains with faster transactions
This past year has made alarmingly clear that our supply-chain infrastructure is in crisis. Relay Payments solves one piece of the puzzle, modernizing payment processes in a segment of the freight industry that has thus far lagged in its adoption of digital transactions. Focusing quite literally on where the rubber meets the road, the Atlanta-based company has developed an electronic payment system aimed at freight handlers, shippers, carriers, and third-party logistics companies. Relay’s platform enables rapid, secure, contactless transactions right at the shipping dock and has been embraced by key companies such as Coyote Logistics, Great Lakes Transport, Old Dominion Freight Line, and Southeastern Freight Lines. Relay doubled its number of clients this past year, and the platform is processing more than 250,000 transactions a month.
7. Spiff
For automating the tedium of tracking sales commissions
As global business—and its patchwork quilt of tax regulations—gets ever more complex, paying out commissions has become a fraught process that pits sales teams against finance departments. Four-year-old Spiff automates commission payments, simplifying workflows for financial teams and helping sales reps get paid correctly and on time. In October 2021, the company released a top-to-bottom redesign of its flagship product, the Spiff Commission Designer, featuring an intuitive interface that resembles a typical spreadsheet but is backed with low-code/no-code automation and can pull in disparate info from across customer relationship management or enterprise resource-planning platforms. In 2021, Spiff nearly doubled its customer base and increased annual revenue by a multiple of four.
8. FloQast
For being a CFO’s BFF before an IPO
FloQast enables controllers and their teams to automate workflows and prepare for audits—like Slack if it were just for accountants. Last year, the company introduced FloQast Ops, a workflow manager that enhances collaboration by increasing transparency across the accounting operation—accounts payable, sales, accounts receivable, compliance, and reporting—as well as ReMind, which enables accountants to automate the request and collection of information required to complete reports and audits. FloQast has 1,400 global customers, including Roblox, Sonos, and Zoom, and it has become an essential tool for companies preparing to go public. The company claims that it has helped 50 startups on their road to an IPO.
9. Esusu
For boosting renters’ credit scores with every payment
Esusu, founded in 2018, creates financial tools designed to help the 45 million Americans it describes as “credit invisible,” meaning that they don’t have the kind of recurring payments such as student loans that traditionally build good credit. Last year Esusu introduced a new rent-reporting credit building tool: For an annual fee of $50, renters can opt in to have current and even their prior two years of rent payments reported to the credit bureaus. (If a renter is late on a payment, Esusu unenrolls them rather than sending information. Landlords can also choose to offer to pay the annual fee as an inducement to attract reliable strivers and fill empty units.) The company works with more than a third of the largest property managers in the United States. One of them, the Promise Homes Company, reported that 87{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its residents had improved their FICO scores by an average of 21 points. After successfully helping 2,300 Esusu users living in one of Related Companies’ affordable housing units, Related extended its relationship with Esusu last November, offering all 50,000 of its affordable-housing residents free reporting of on-time rent payments to the three major credit bureaus. That same month, Freddie Mac created incentives for more property owners to use Esusu, offering to pay closing costs on loans if they use Esusu. In January, the company raised a $130 million Series B, giving it a $1 billion valuation.
10. Karat Financial
For transforming a creator’s social followers into working capital
While working as a product manager at Instagram, Eric Wei kept encountering people running accounts who were generating healthy annual incomes through advertising and sponsorships but would fail to qualify for credit cards or would be refused apartments, because traditional banks didn’t understand their business as a digital creator. Wei and former banking analyst Will Kim founded Karat Financial to meet the unique financial service and wealth management needs of this emerging class, which is estimated to generate at least $20 billion in economic activity globally. Karat gives creators (who as of the end of 2021 have to be referred by an existing customer or apply) a credit card whose spending limit is determined in part by their social following. The Karat Black Card, which has become a cultural signifier among the creator class for Karat’s custom laser etchings, is a no-fee, interest-free credit card that offers 3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} cash back on business-related purchases such as gaming or streaming equipment. (Karat generates revenue from merchant fees on cardholders’ purchases.) Karat reports that its average client has 1.8 million followers and annual income in excess of $500,000. It supports them with both a dashboard to track all their spending and data insights from its aggregated intelligence, such as sharing that its customers’ Instagram followers are worth 77 cents each, 10 times more than TikTok followers. Karat has also built out a financial literacy program that offers creators workshops on accounting basics, scaling their businesses, and whether they should be a limited liability corporation. It also has an on-staff certified financial planner for its customers. The company’s creators, who almost always cite that they had trouble getting credit with even card issuers focused on startups, include the DJ 3LAU, Twitch chess phenom Alexandra Botez, and real-estate influencer Graham Stephan; a dozen Karat holders earned a Streamy Awards nomination in 2021.
Deal is designed to accelerate eCombustible Energy’s go-to-market strategy
eCombustible Energy has developed a customizable hydrogen-based fuel production technology that provides on-site fuel delivery under long-term fuel supply agreements
eCombustible Energy’s fuel technology is applicable to a large variety of stationary thermal applications, requires little to no modification to customers’ existing thermal power equipment (e.g., boiler or kiln), and the eCombustible fuel contains no carbon
eCombustible Energy fuel production modules are built, installed, owned, operated, and maintained onsite by eCombustible Energy
Global organizations in the mining, steel, tile, beverage, hospitality and tire sectors have shown strong interest in the eCombustible fuel solution, with several under contract and a number under MOU to integrate eCombustible fuel into their operations
Securityholders of eCombustible Energy to receive shares of common stock with a value of $805 million, subject to adjustment, plus an earnout of up to 59 million additional shares
Combined company expected to trade on Nasdaq under the symbol “ECEC”; the transaction is subject to regulatory and shareholder approval and other customary closing conditions
MMIAMI, FL / ACCESSWIRE / November 24, 2021 / Yesterday, Benessere Capital Acquisition Corp. (Nasdaq:BENE), a special purpose acquisition company (“Benessere”), and eCombustible Energy LLC, a leading innovator and provider of customizable hydrogen-based fuel for thermal industrial applications (“eCombustible Energy”), announced that the companies have entered into a definitive business combination agreement, providing for a business combination that will result in eCombustible Energy becoming a public listed company, subject to regulatory and stockholder approval and other customary closing conditions. Upon completion of the proposed transaction, the combined company is expected to operate under the name eCombustible Energy Corp. and list on Nasdaq Capital Market under the ticker symbol “ECEC”.
Founded in 2010 by Miami-based entrepreneur and investor Jorge Arevalo, eCombustible Energy offers a long-term fuel supply solution that is designed to provide the world’s most fossil fuel-dependent industries with a fuel that is carbon-free, cost-competitive, and requires little to no modification to existing customer equipment. The efficacy of its hydrogen-based fuel, eCombustible, has been validated through testing and independent assessments by third-party engineering firms and experts.
“We believe a carbon-free future will best be achieved on a win-win basis, with fossil fuel-reliant industries being empowered to transition to clean and renewable energy solutions without crippling investments,” said eCombustible Energy CEO, Jorge Arevalo. “This business combination is intended to fuel the acceleration and adoption of eCombustible, and we are confident that we can help many of the world’s largest industrial companies’ transition to our carbon-free fuel and advance ESG objectives in a seamless, viable, and impactful way.”
Benessere is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with technology-focused, middle-market and emerging-growth companies in North, Central and South America. Led by CEO Patrick Orlando, Benessere was drawn to eCombustible Energy given the immense need for and potential of decarbonizing industries.
“The transition away from carbon containing fuel towards hydrogen and other clean fuel technologies has been underway for several years; however, the applicability of hydrogen as an alternative is nascent. eCombustible has not only focused on producing hydrogen efficiently but also making hydrogen a true solution for applications including fixed thermal applications. Thermal energy is foundational to a multitude of industrial applications and we believe eCombustible presents a unique solution with the potential to accelerate the transition to a lower carbon energy future,” said Patrick Orlando, CEO of Benessere. “We are excited to work with the eCombustible Energy team in an attempt to enhance value across the company, industry, public shareholders and society.”
For more information about eCombustible Energy, please visit www.ecombustible.com.
Transaction Overview
Benessere raised $115 million in its initial public offering earlier this year, and approximately $116.5 million is now held in a trust account for the benefit of Bennessere’s public stockholders. Under the terms of the proposed transaction announced today, a newly formed successor to Benessere will issue shares of its common stock with an aggregate value of $805 million, subject to adjustment, to current securityholders of eCombustible Energy upon the closing of the proposed transaction. These eCombustible Energy securityholders may also receive, subject to the terms of the business combination agreement, up to an additional 59 million shares of Benessere common stock based on the daily volume weighted average share price of the combined company’s common stock in any 20 trading days within a 30 trading day period beginning on the closing of the transaction and ending on the 30-month anniversary of the closing, as follows: 29.5 million shares if the share price exceeds $12.50 prior to such 30-month anniversary and an additional 29.5 million shares if the share price exceeds $15.00 prior to such 30-month anniversary.
The transaction is subject to approval by stakeholders of Benessere and eCombustible Energy and other customary closing conditions, including applicable regulatory approvals. Additional information about the transaction will be provided in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov. The description of the business combination contained herein is only a summary and is qualified in its entirety by reference to the definitive business combination agreement. In addition, Benessere intends to file a registration statement on Form S-4 with the SEC (the “Registration Statement”), which will include a proxy statement/prospectus of Benessere, and will file other documents regarding the proposed business combination with the SEC.
Additional Information and Where to Find It
In connection with the business combination agreement and the proposed business combination, Benessere intends to file with the SEC a Registration Statement, which will include a proxy statement/prospectus. Benessere’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the business combination, as these materials will contain important information about Benessere, eCombustible Energy, the merger agreement and the business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the business combination will be mailed to stockholders of Benessere as of a record date to be established for voting on the business combination. Stockholders of Benessere will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s web site at www.sec.gov, or by directing a request to: Benessere Capital Acquisition Corp., 78 SW 7th Street, Unit 800, Miami, FL 33130.
Participants in the Solicitation
Benessere, eCombustible Energy and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from Benessere’s stockholders with respect to the proposed business combination. Investors and securityholders may obtain more detailed information regarding the names and interests in the business combination of Benessere’s directors and officers in Benessere’s filings with the SEC, including the Registration Statement, and such information with respect to eCombustible Energy’s directors and executive officers will also be included in the Registration Statement.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed business combination between Benessere and eCombustible Energy, including without limitation statements regarding the anticipated benefits of the business combination, the anticipated timing of the closing of the business combination, the implied enterprise value and pro forma ownership, future financial condition and performance of eCombustible Energy and the combined company after the closing and expected financial impacts of the business combination, the satisfaction of closing conditions to the business combination, the level of redemptions of Benessere’s public stockholders, the potential benefits of eCombustible Energy’s solution for customers and potential customers, and the products and markets and expected future performance and market opportunities of eCombustible Energy. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the business combination may not be completed in a timely manner or at all, which may adversely affect the price of Benessere’s securities, (ii) the risk that the business combination may not be completed by Benessere’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Benessere, (iii) the failure to satisfy the conditions to the consummation of the business combination, including the approval of the business combination agreement by the stockholders of Benessere, (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (v) the failure to achieve the minimum amount of cash available following any redemptions by Benessere stockholders, (vi) redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Market’s initial listing standards in connection with the consummation of the contemplated transactions, (vii) the effect of the announcement or pendency of the business combination on eCombustible Energy’s business relationships, operating results, prospects and business generally, (viii) risks that the proposed business combination disrupts current plans and operations of eCombustible Energy, (ix) the outcome of any legal proceedings that may be instituted against eCombustible Energy or against Benessere related to the business combination agreement or the proposed business combination, (x) changes in the energy markets in which eCombustible Energy competes, including with respect to its competitive landscape, technology evolution or regulatory changes, (xi) changes in domestic and global general economic conditions, (xii) the risk that eCombustible Energy is not able to recognize revenue for its products or secure additional contracts that generate revenue, (xiii) risk that eCombustible Energy may not be able to execute its growth strategies; (xiv) risks related to the ongoing COVID-19 pandemic and response, (xv) risk that eCombustible Energy may not be able to develop and maintain effective internal controls, (xvi) costs related to the business combination and the failure to realize anticipated benefits of the business combination or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions, (xvii) risks related to competition in the markets in which eCombustible Energy intends to compete, (xviii) risks related to the early stage of eCombustible Energy’s business, and (xix) and those factors discussed in Benessere’s filings with the SEC and that that will be contained in the Registration Statement relating to the proposed business combination. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the Registration Statement and other documents to be filed by Benessere from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while Benessere and eCombustible Energy may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Neither of Benessere or eCombustible Energy gives any assurance that Benessere or eCombustible Energy, or the combined company, will achieve its expectations.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
About Benessere Capital Acquisition Corp.
Benessere Capital Acquisition Corp. (Nasdaq:BENE) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Benessere’s strategy is to identify and complete business combinations with technology-focused middle market and emerging growth companies in North, Central and South America. For more information, please visit www.benespac.com.
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MEDIA CONTACT Isys Caffey-Horne Isys@stripetheory.com 404-368-7070
