Broadscale Acquisition Corp.
SCLEW
NASDAQ Capital Market0.01
USD
+0.00
- -
CIK
0001838697
Return %
Stock
S&P500
1Y
-98.70
18.21
3Y
-99.46
63.29
5Y
-99.46
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
- Andrew L. Shapiro
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1845 Walnut Street Philadelphia PA United States of America
- IPO Date
- Apr 5, 2021
- CIK
- 0001838697
- Similar Companies
- Business
- Broadscale Acquisition Corp. (SCLEW) operates as a blank check company whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities; it focuses on opportunities in energy, transportation, buildings, manufacturing, and food and agriculture sectors aligned with its "Disruption for Good" mission. The company, founded in 2020 and headquartered at 1845 Walnut Street, Suite 1111, Philadelphia, Pennsylvania, generates no revenue or operations prior to completing a business combination and holds investment in U.S. Treasury securities. It raised $345 million in gross proceeds through its upsized initial public offering in February 2021. Broadscale attempted a merger with Voltus, Inc., a distributed energy resource software platform, announced in December 2021 with an implied valuation of up to $1.3 billion, supported by a $100 million PIPE from investors including Equinor Ventures, Belfer Management, and Ev Williams; the deal included plans to rename the combined entity Voltus Technologies, Inc. and list on Nasdaq under VLTS. The transaction mutually terminated in August 2022 without closing, after which Broadscale continued seeking a target before its deadline. In December 2022, shareholders voted to redeem nearly all public shares, leading to delisting and revocation of its Exchange Act registration; the company liquidated remaining assets, returning approximately $10.00 per share on redeemed stock totaling about $6.75 million, effectively ceasing operations as a SPAC. SCLEW warrants trade nominally with no ongoing business activity, reflecting the entity's post-liquidation status.