On May 28, 2021, Broadscale Acquisition Corp. (NASDAQ: SCLE) received a notice from Nasdaq Regulation regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Quarterly Report on Form 10-Q for Q1 2021. The notice does not immediately affect the trading of the Company’s units, Class A common stock, or warrants. Broadscale must submit a compliance plan by July 26, 2021, and if accepted, has until November 22, 2021, to regain compliance. The Company is currently finalizing its Form 10-Q while addressing the SEC's guidelines on accounting for warrants.
Broadscale Acquisition Corp. (NASDAQ:SCLEU) announced that holders of its units can separately trade Class A common shares and warrants starting April 5, 2021. Unseparated units will continue to trade under the symbol SCLEU, while Class A common shares and warrants will trade under SCLE and SCLEW, respectively. The company is a blank check entity aiming for mergers or acquisitions aligned with its mission of 'Disruption for Good' in industries like energy and transportation. Morgan Stanley acted as the sole book-running manager for this offering.
Broadscale Acquisition Corp. successfully closed its upsized initial public offering of 34,500,000 units at $10.00 per unit, totaling gross proceeds of $345,000,000. Each unit comprises one share of Class A common stock and one-fourth of a redeemable warrant, with an expected trading listing under symbols SCLE and SCLEW on The Nasdaq Capital Market. The company, led by Andrew L. Shapiro, aims to pursue business combinations focused on transforming industries positively. Morgan Stanley acted as the sole book-running manager for this offering.
Broadscale Acquisition Corp. announced the pricing of its upsized IPO of 30,000,000 units at $10.00 each, set to trade under the ticker symbol SCLEU on February 12, 2021. Each unit comprises one share of Class A common stock and one-fourth of a redeemable warrant. The offering is anticipated to close on February 17, 2021, with Morgan Stanley as the book-running manager. The company, focused on transformative business combinations, aims to drive positive changes in industries such as energy and transportation. The prospectus will be available from Morgan Stanley.