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.