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Tuesday, December 6, 2022

Equity Corporate Actions Alert #2022 - 408
Information Regarding the Redemption of Broadscale Acquisition Corp. (SCLE/W/U)

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  • Industry Announcement

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On December 6, 2022, shareholders of Broadscale Acquisition Corp. (SCLE/W/U) met and voted to redeem the company's public shares and not consummate a business combination. The redemption will be effective as of the close of business on December 9, 2022 and the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Company Name & Issue Type: Broadscale Acquisition Corp. Class A Common Stock
CUSIP#: 11134Y101
Symbol: SCLE
Last Trading Date: December 9, 2022
Marketplace Effective Date for Suspension: December 12, 2022
Redemption rate: Approximately $10.08 per Class A Common Stock
Company Name & Issue Type: Broadscale Acquisition Corp. Warrant
CUSIP#: 11134Y119
Symbol: SCLEW
Last Trading Date: December 9, 2022
Marketplace Effective Date for Suspension: December 12, 2022
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Company Name & Issue Type: Broadscale Acquisition Corp. Unit
CUSIP#: 11134Y200
Symbol: SCLEU
Last Trading Date: December 9, 2022
Marketplace Effective Date for Suspension: December 12, 2022
Redemption rate: Approximately $10.08 per Class A Common Stock

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