S-4 Filing

The combination has a pro-forma enterprise value of $317 million.

The SPAC in the preliminary proxy said it still needs more time to complete its proposed business combination with Infinite Assets.

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

The deal was announced nearly a year ago. In the time since, the parties rounded up an additional $100 million to supplement a $94.5 million PIPE.

The SPAC earlier this month terminated a merger agreement with Cytovia Holdings that was valued at $602 million.

The SPAC in May lowered the aggregate value of the securities to be issued to Calidi from $400 million to $380 million.

There is no minimum cash condition for closing the deal.

Tailwind last August called off a deal with QOMPLX, a cloud-native company engaged in risk analytics.

If approved, the combined business is expected to have a proforma equity value of approximately $480 million and $109 million in gross cash proceeds after closing.

As announced in May, the business combination is expected to result in at least $225 million and up to $434 million in gross proceeds.