Broadstone Acquisition Corp.
BSN-UN
New York Stock Exchange11.16
USD
+1.57
- -
CIK
0001815805
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
63.29
5Y
- -
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Marc Nicholas Jonas
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 7 Portman Mews South London United Kingdom W1H 6AY
- IPO Date
- Sep 11, 2020
- CIK
- 0001815805
- Similar Companies
- Business
- Broadstone Acquisition Corp. is a special purpose acquisition company that is formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting fundamentally sound, growth-oriented companies in Europe and the United Kingdom, including businesses whose capital structures or funding constraints limit their ability to realize their full growth potential. The company does not conduct operating activities of its own and instead focuses on identifying, evaluating, and consummating an initial business combination, leveraging the transaction, structuring, and operational turnaround expertise of its founders and management team. Broadstone Acquisition Corp. is incorporated as a Cayman Islands exempted company, was founded in 2020, completed its initial public offering in September 2020, and is headquartered in London, United Kingdom. Broadstone Acquisition Corp.’s primary “product” is its capital pool raised through its IPO and related financing structures, which it deploys via merger or similar business combination into a target operating company; core activities include identifying suitable targets; negotiating and structuring transactions; arranging concurrent financing such as private investment in public equity (PIPE) commitments; and supporting the post-combination entity with the experience and networks of its sponsors. The SPAC focuses on companies with established offerings and clear market demand that can benefit from balance-sheet repair, access to public capital markets, and active, hands-on operational input from Broadstone’s founders, who specialize in value creation through restructuring, capital optimization, and performance improvement. Target sectors are not limited to a single industry but are expected to include businesses with resilient, long-term growth profiles and significant scalability, particularly in Europe and the UK, including those affected by macroeconomic dislocation or temporary stress. The company completed its initial business combination with Vertical Aerospace Ltd., an electric vertical take-off and landing (eVTOL) aircraft developer, through a reverse merger structure, with the transaction closing in December 2021 and resulting in Broadstone’s public listing platform being combined with Vertical Aerospace and its shareholders. The transaction provided gross proceeds of at least approximately $300 million, including a fully committed PIPE led by strategic investors such as American Airlines, Avolon, Rolls-Royce, Honeywell, and Microsoft’s M12, and resulted in Vertical Aerospace’s ordinary shares and warrants listing on the New York Stock Exchange under the symbols “EVTL” and “EVTLW,” respectively. Following completion of the merger, Broadstone Acquisition Corp. ceased to operate as an independent SPAC with separate acquisition activities, having fulfilled its purpose by combining with Vertical Aerospace.