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Hydrogen Fuel Firm ECombustible Eyes Up to $1 Billion SPAC Deal

  • ECombustible in talks to merge with Benessere Capital SPAC
  • Miami-based company is developing clean fuel technology
Hydrogen Vehicle Refueling at a Royal Dutch Shell Plc Gas Station
Photographer: Krisztian Bocsi/Bloomberg

ECombustible, a maker of hydrogen-based fuel, is in talks to merge with blank-check firm Benessere Capital Acquisition Corp., according to people with knowledge of the matter.

Benessere is discussing a potential deal that could value the combined entity at about $800 million to $1 billion, the people said, asking not to be identified because the information is private.