Latham & Watkins Advises Voltus in US$1.3 billion deSPAC Transaction with Broadscale Acquisition Corp.

A multi-disciplinary deal team advises on the transaction that will make Voltus a publicly traded company.

December 01, 2021

Voltus, Inc., the leading software technology platform monetizing Distributed Energy Resources (DERs), and Broadscale Acquisition Corp., a publicly-traded special purpose acquisition company, have announced a definitive agreement for a business combination that will result in Voltus becoming the first public pure-play DER-monetizing software technology company. Upon closing of the transaction, the combined company will be named Voltus Technologies, Inc. and will remain listed on the Nasdaq under the new ticker symbol “VLTS.”

Latham & Watkins LLP represents Voltus in the transaction with a corporate deal team led by Boston partners Spencer Ricks and John Chory, Houston partner Ryan Maierson and Boston counsel Andrew Moosmann, with Boston associate Peter Prial and Washington, D.C. associate Jasmine Joseph. Advice was also provided on capital markets matters by Washington, D.C. partner Shagufa Hossain, with Houston associate Jessica Sherman; on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with Boston associate Jeremiah Cowen; on antitrust matters by Washington, D.C. counsel Patrick English; on intellectual property matters by Bay Area partner Anthony Klein; and on benefits and compensation matters by Washington, D.C. partner Matthew Conway, with Washington, D.C. associate Courtney Thomson. 

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.