Trump-linked stocks Remark Holdings, Phunware, Benessere rise again

Remark Holdings

02/12/2021 11:56

** Media reports that former President Donald Trump's new
social media venture is seeking to raise up to $1 billion in
funding, boosted shares of Phunware Inc  PHUN.O , Remark
Holdings  MARK.O , Benessere Capital  BENE.O  in premarket
trading
    ** Blank-check firm Digital World Acquisition Corp  DWAC.O ,
which plans to take Trump's social media co public, surged 23%
to $54.51
    ** Remark Holdings  MARK.O , which has been linked to Trump
on social media forums, added 11% at $1.33
    ** Reuters could not independently verify the link between
Trump and Remark
    ** Software developer Phunware Inc  PHUN.O , hired by
Trump's 2020 Presidential reelection campaign to build a phone
app, jumped 20%
    ** Blank-check firms Benessere Capital  BENE.O , another
SPAC run by DWAC CEO and former investment banker Patrick
Orlando, up 2%
    ** SPAC Yunhong International  ZGYH.O , run by Orlando,
filed for liquidation on Nov. 20  urn:newsml:reuters.com:*:nL1N2SB0E9
    ** A surge in DWAC shares in Oct 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))