Bluescape Opportunities Acquisition today announced that it will redeem all outstanding Class A shares after the close of trading Oct. 30. Redemptions are expected to be completed Oct. 31. The company said it will not be able to complete a business combination by deadline.
The per-share redemption price will be approximately $10.04, the SPAC said.
Redemptions erased 88% of the SPAC’s trust ahead of an extension vote last year that pushed the deadline to October 2023.
Bluescape was focused on businesses in energy infrastructure and related sectors.
The Dallas-based SPAC raised $575 million in a November 2020 IPO. Read more.
