Exhibit 99.1
Benessere Capital Acquisition Corp. Announces Record Date for Stockholders to Vote in Favor of Extension Amendment
NEW YORK, June 8, 2022/PRNewswire/ Benessere Capital Acquisition Corp. (Nasdaq: BENE, BENEU, BENEW, and BENER) (Benessere or the
Company) announced that its board of directors has set the close of business on June 3, 2022 as the record date (the Record Date) for Benesseres special meeting of its stockholders (the Special Meeting)
to be held to approve a proposal to amend the Companys charter (the Extension Amendment) to extend the date by which the Company has to complete a business combination from July 7, 2022 to January 7, 2023 (the
Extension).
The Companys stockholders of record at the close of business on the record date, June 3, 2022, will be entitled to
vote the shares of common stock of Benessere owned by them at the Special Meeting. A proxy statement relating to this special meeting has not been finalized or declared effective. Once final, a definitive proxy statement will be mailed together with
a proxy card to Benesseres stockholders and will include the date, time and location of the special meeting.
If the Extension Amendment is approved
and the Extension is implemented, the Companys sponsor will contribute to the Companys trust account an aggregate amount equal to $0.033 per share of Class A common stock issued in the Companys initial public offering that is
not redeemed, for each calendar month (commencing on July 7, 2022 and on the 7th day of each subsequent month) until January 7, 2023, or portion thereof, that is needed to complete an initial business combination (the
Contribution). Such Contribution will be made as a loan that will not accrue interest and will be repayable to the sponsor or its designees upon the consummation of an initial business combination. If the full six-month period of the Extension is needed, the Contribution will increase the pro rata portion of the funds available in the Companys trust account in the event of the consummation of an initial business
combination or liquidation from approximately $10.35 per share to approximately $10.55 per share.
The Company had previously announced a June 3,
2022 record date for its special meeting of stockholders to, among other things, vote on the proposed business combination (the Business Combination) among Benessere, eCombustible Energy LLC (eCombustible Energy), BCAC
Holdings Inc. (BCAC Holdings), a holding company formed for purposes of effecting the Business Combination with eCombustible Energy, BCAC Purchaser Merger Sub Inc. and BCAC Company Merger Sub Inc. A new record date for this meeting will
be announced at a later date.
About Benessere
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 one or more businesses. Benesseres 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.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the federal securities laws, including (without limitation) statements the
potential benefits of an Extension and the proposed Business Combination, and the anticipated timing of a stockholder meeting to approve the proposed Business Combination and related record date for determining who is entitled to vote at such
meeting. These forward-looking statements are generally 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.