Broadscale Acquisition Corp. Class A Common Shares and Warrants to Commence Trading Separately on April 5, 2021
01 Abril 2021 - 6:01PM
Broadscale Acquisition Corp. (NASDAQ:SCLEU) (the “Company”), today
announced that the holders of the Company’s units may elect to
separately trade the Class A common shares and warrants underlying
the units commencing on April 5, 2021. Those units not separated
will continue to trade on the Nasdaq Capital Market under the
symbol “SCLEU” and the Class A common shares and warrants are
expected to trade under the symbols “SCLE” and “SCLEW”,
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade.
The Company is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses or entities. The Company is focusing its search
for a business combination target on opportunities that align with
its mission of “Disruption for Good”-- that is, the transformation
of traditional industries in positive ways that generate tangible
improvements to the well-being of the global population,
particularly with respect to energy, transportation, buildings,
manufacturing, and food and agriculture.
The Company's sponsor is a joint venture of Andrew L. Shapiro's
Broadscale Group and Jonathan Z. Cohen and Edward E. Cohen's HEPCO
Capital Management. The Company is led by Andrew L. Shapiro,
Chairman and Chief Executive Officer; Dan Leff, Senior Operating
Partner; and John Hanna, Chief Financial Officer and Head of
Acquisitions. The team also includes independent directors Lisa
Coca, Andy Karsner, and Georgia Levenson Keohane, as well as senior
advisors Stephan Dolezalek, Ray Lane, and Heather Zichal.
Morgan Stanley acted as sole book-running manager for the
offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained
from:
Morgan Stanley & Co. LLC Attention: Prospectus Department
180 Varick Street, 2nd Floor New York, NY 10014
Registration statements relating to these securities have been
filed with the Securities and Exchange Commission ("SEC") and
became effective on February 11, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
This press release contains statements that constitute
“forward-looking statements.” Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
preliminary prospectus for the Company's offering filed with the
SEC. Copies are available on the SEC's website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contacts
Andrew Shapiro Chairman and Chief Executive Officer
ashapiro@broadscalespac.com (646)
849-9977
John Hanna Chief Financial Officer and Head of Acquisitions
jhanna@broadscalespac.com
(917) 941-4273
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