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Broadscale SPAC Offers Trading of Separated Shares and Warrants themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
Broadscale SPAC Closes $345M IPO
Broadscale Acquisition Corp. has closed its initial public offering of 34,500,000 units at a price of $10.00 per unit, which includes the exercise in full by the underwriter of its over-allotment option to purchase an additional 4,500,000 units. Total gross proceeds from the offering were $345,000,000, before deducting underwriting discounts and commissions and other offering expenses. The units are listed on the
Nasdaq Capital Market and trade under the ticker symbol “
SCLEU.” Each unit consists of one share of Class A common stock of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on The Nasdaq Capi
Broadscale Acquisition Corp Announces Closing of Upsized $345 Million Initial Public Offering apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.