Redemptions Erase 88% of Bluescape Opportunities Trust on Deadline Extension Vote

Bluescape Opportunities

Bluescape Opportunities Acquisition in a regulatory filing said shareholders approved its proposal for a merger deadline extension until Oct. 20 of next year.

The SPAC also disclosed that 53,350,554 Class A ordinary shares were redeemed at a cost to the trust of $536.5 million, leaving approximately $74.4 million.

Bluescape is focused on businesses in energy infrastructure and related sectors.

The Dallas-based SPAC raised $575 million in a November 2020 IPO. Bluescape has teamed up with Zimmer Partners, an infrastructure investor. Read more.

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