Broadscale Acquisition Corp. (SCLEU) is a blank check company whose sole purpose is to effect a merger, share purchase, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company offers no current products or services beyond its SPAC structure, including units comprising one share of Class A common stock and one-half of one redeemable warrant, with separate trading of shares (SCLE) and warrants (SCLEW) on the Nasdaq Capital Market. Founded on November 5, 2020, and headquartered at 1845 Walnut Street, Suite 1111, Philadelphia, Pennsylvania, Broadscale operates without specified geographic focus pending a target acquisition, initially seeking opportunities in health, energy, food, and transportation sectors.
In December 2021, Broadscale announced a definitive business combination agreement with Voltus, Inc., a distributed energy resource software platform, valued at approximately $1.3 billion including a $100 million PIPE led by Equinor Ventures and others; the transaction, expected to close in the first half of 2022 with $445 million in gross proceeds, was mutually terminated in August 2022 without a completed merger. Shareholder vote in December 2022 resulted in full redemption of public shares, canceling them effective December 9, 2022, and preventing any business combination at that time. As of late 2025, no new merger announcements, acquisitions, funding rounds, or strategic shifts have been reported, with the entity maintaining its SPAC status and trading units around $10 per unit amid a market capitalization of approximately $434 million.