Bluescape Opportunities Acquisition Corp. Announces Closing Of $575 Million Initial Public Offering
October 30 2020 - 5:58PM
Business Wire
Bluescape Opportunities Acquisition Corp. (the “Company” or
“BOAC”), led by Chairman and Chief Executive Officer C. John
Wilder, today announced the closing of its initial public offering
of 57,500,000 units at a price of $10.00 per unit. The units are
listed on the New York Stock Exchange (the "NYSE") under the symbol
"BOAC.U". Each unit consists of one share of the Company's Class A
common stock and one-half of one warrant, each whole warrant
entitles the holder thereof to purchase one share of the Company's
Class A common stock at an exercise price of $11.50 per share. The
securities comprising the units are expected to begin separate
trading on the 52nd day following the date of the final prospectus
related to the offering. Once the securities constituting the units
begin separate trading, the Company expects that the Class A common
stock and warrants will be listed on the NYSE under the symbols
"BOAC" and "BOAC WS," respectively.
The Company intends to use the net proceeds from the offering,
and the proceeds from the simultaneous private placements of
warrants, to consummate the Company’s initial business
combination.
Citigroup Global Markets Inc. and Barclays Capital Inc. are
acting as Joint Bookrunners for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from Citigroup Global Markets Inc.
or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, telephone: (800)
831-9146.
A registration statement relating to the securities has been
filed with, and declared effective by, the Securities and Exchange
Commission (“SEC”). This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement for the Company’s offering filed with the SEC and the
preliminary prospectus included therein. Copies are available on
the SEC’s website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
For more information visit www.bluescapegroup.com/spac.html
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version on businesswire.com: https://www.businesswire.com/news/home/20201030005720/en/
Bluescape Opportunities Acquisition Corp. Lillian Meyer,
469-398-2200 BluescapeIR@bluescapepartners.com
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