Trump-linked stocks Remark Holdings, Phunware, Benessere advance

Remark Holdings

02/12/2021 15:24

(Updates)
    ** Media reports that former U.S. President Donald Trump's
new social media venture is seeking to raise up to $1 bln in
funding, boosted shares of Phunware Inc  PHUN.O , Remark
Holdings  MARK.O , Benessere Capital  BENE.O 
    ** Blank-check firm Digital World Acquisition Corp  DWAC.O ,
which plans to take Trump's social media company public, surged
8% to $47.93
    ** Remark Holdings  MARK.O , which has been linked to Trump
on social media forums, added 4%
    ** Reuters could not independently verify the link between
Trump and Remark Holdings
    ** Software developer Phunware Inc  PHUN.O , hired by
Trump's 2020 Presidential reelection campaign to build a phone
app, jumped 8%
    ** Blank-check firms Benessere Capital  BENE.O , another
SPAC run by DWAC CEO and former investment banker Patrick
Orlando, was trading flat
    ** SPAC Yunhong International  ZGYH.O , run by Patrick
Orlando, filed for liquidation on Nov. 20  urn:newsml:reuters.com:*:nL1N2SB0E9
    ** SPAC CF Acquisition Corp VI  CFVI.O  jumps 17% on deal to
take Canadian video platform Rumble Inc public in deal valued at
$2.1 bln; In June, Trump joined Rumble's platform  urn:newsml:reuters.com:*:nL1N2SN12O
    ** A surge in DWAC shares in October on plans to publicly
list the social media venture prompted a sharp rise in MARK,
PHUN, BENE, evocative of this year's meme-stock frenzy

 (Reporting by Medha Singh and Bansari Mayur Kamdar)
 ((medha.singh@thomsonreuters.com))