Broadscale Acquisition Corp - Ordinary Shares - Class A

NASDAQ:SCLE   3:59:45 PM EDT
9.86
0.00 (0.00%)
Debt Financing / Related, Mergers / Acquisitions, Equity Financing / Related

Voltus To Combine With Broadscale Acquisition Corp

Published: 12/01/2021 12:37 GMT
Broadscale Acquisition Corp - Ordinary Shares - Class A (SCLE) - Press Release - Voltus, Inc. – the Leading Distributed Energy Resource Software Technology Platform – to Combine With Broadscale Acquisition Corp.
, Creating the First Public Pure-play Company in the Industry.
Broadscale Acquisition Corp - Combined Company Will Be Named Voltus Technologies, Inc. and Will Remain Listed on Nasdaq Under New Ticker Symbol "vlts".
Broadscale Acquisition Corp - Business Combination Values Combined Company at a $1.3 Billion Pro Forma Equity Value.
Broadscale Acquisition - Deal to Provide $445 Million of Gross Proceeds, Assuming No Redemptions, Including a $100 Million Pipe Offering at $10.00 per Share.
Broadscale Acquisition Corp - Pipe is Led by Equinor Ventures, Belfer Management, Solanas Capital, Ev Williams.
Broadscale Acquisition Corp - Boards of Directors of Each of Voltus and Broadscale Have Unanimously Approved Transaction.
Broadscale Acquisition Corp - All Voltus Stockholders Will Roll 100% of Their Equity Holdings Into New Public Company.