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SCLE

Broadscale Acquisition

$9.79 /

-0.005 (-0.05%)

, VLTS

Valentis Inc

/

+

07:18
12/01/21
12/01
07:18
12/01/21
07:18

Voltus, Broadscale Acquisition enter agreement for business combination

Voltus and Broadscale Acquisition announced a definitive agreement for a business combination that will result in Voltus becoming the first publicly traded pure-play DER 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." Voltus is a category creator providing the leading software technology platform to orchestrate and monetize distributed energy resources, including demand response, distributed generation, energy storage, energy efficiency, and EV batteries and EV charging infrastructure - which are the future of our electricity system as it decentralizes, decarbonizes, and digitizes in response to climate change; the need for greater resiliency; and the increased penetration of intermittent renewable power sources. Voltus leverages its world-class technology team and extensive electricity market expertise to maximize the value of every DER with no upfront cost or risk for its over 600 customers, including Home Depot, Coca-Cola and Simon Property Group. Grid operators pay Voltus to connect DERs to the market and Voltus shares a portion of revenues with its customers as well as with its DER partners, including recently announced partners PowerSecure and ENTOUCH, a leading energy management company. Voltus has built a highly capital-efficient software technology business model. Highlights include: approximately 40% gross margins; 100%+ net customer value retention; and an impressive 10:1 ratio of Lifetime Value to Customer Acquisition Cost. The Company has a clear track record of predictable, rapid, recurring revenue growth in a massive global market supported by macro tailwinds as approximately $3 trillion in global electricity spend transitions to DERs. The Company also enjoys strong visibility into future revenue given an average contract term length of roughly five years. Voltus has approximately $275 million in revenue backlog from contracted megawatts on its platform, as well as a pipeline of $1.3 billion. Voltus expects the pipeline to grow significantly as the company strategically deploys the proceeds expected from this transaction. The combined company will be led by Gregg Dixon, Chief Executive Officer and Co-founder, Matthew Plante, President and Co-founder, Dana Guernsey, Chief Product Officer, and Neil Lakin, Chief Technology Officer. Voltus's leadership team has more than 100 years of collective experience in the DER market and has delivered more than 12,000 megawatts of DERs to market, more than any other team in the industry. Voltus's Chief Regulatory Officer, Jon Wellinghoff, previously was the longest-serving Chairman of the Federal Energy Regulatory Commission. The Company has created the only DER technology platform integrated into all nine U.S. and Canadian electricity markets and it offers more than 50 discrete programs to monetize DERs, more than any competitor. Voltus is a pioneering ESG company that enables the adoption of clean, resilient DERs, which are poised to permanently displace 3.9 gigatons of annual CO2 emissions globally from traditional fossil fuel power plants. The Company is also deeply committed to diversity and inclusion, as evidenced by women comprising 45% of its leadership team and 38% of its board of directors. The Company processes an estimated 2 million daily transactions that reflect changes in DER market positions, prices, registrations, and asset schedules. It collects approximately 5 million data points per day with real-time, 30-second data intervals that represent one of the largest energy databases in the world. The business combination values the combined company at a $1.3 billion pro forma equity value, at a price of $10.00 per share and assuming no redemptions by Broadscale stockholders. The transaction will provide $445 million of gross proceeds to the company, assuming no redemptions, including a $100 million PIPE offering at $10.00 per share. The PIPE is led by Equinor Ventures, Belfer Management, Solanas Capital, Ev Williams. Broadscale Acquisition Corp.'s sponsor, Voltus management, and existing Voltus investors, including Activate Capital and Ajax Strategies, also participated in the PIPE. All Voltus stockholders will roll 100% of their equity holdings into the new combined company. The Boards of Directors of each of Voltus and Broadscale have unanimously approved the transaction. The transaction will require the approval of the stockholders of both Voltus and Broadscale, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is currently expected to close in the first half of 2022. Dan Leff, Senior Operating Partner at Broadscale and Broadscale Group, will join the combined company's Board of Directors. Dan has four decades of experience as a business leader, investor, board member, and advisor in energy and industry globally, with a focus over the last decade on technology and software companies driving the energy transition.

SCLE

Broadscale Acquisition

$9.79 /

-0.005 (-0.05%)

VLTS

Valentis Inc

/

+

OTHER BREAKING NEWS FROM THE FLY

Hot Stocks
Exterran rises 52.4% » 12:00
01/24/22
01/24
12:00
01/24/22
12:00
EXTN

Exterran

$4.57 /

+1.59 (+53.36%)

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General news
Treasury's $111 B 3- and 6-month bill auctions were well received » 12:00
01/24/22
01/24
12:00
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12:00
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Economic Data

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Conference/Events
UBS to hold a conference call » 12:00
01/24/22
01/24
12:00
01/24/22
12:00
TXN

Texas Instruments

$173.69 /

-2.27 (-1.29%)

UBS recaps Texas…

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TXN Texas Instruments
$173.69 /

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TXN Texas Instruments
$173.69 /

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01/20/22 Deutsche Bank
Texas Instruments price target lowered to $170 from $185 at Deutsche Bank
01/12/22 Barclays
Texas Instruments price target raised to $180 from $170 at Barclays
01/07/22 Citi
Citi downgrades Texas Instruments to Neutral on declining margins
01/07/22 Citi
Texas Instruments downgraded to Neutral from Buy at Citi
TXN Texas Instruments
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-2.27 (-1.29%)

TXN Texas Instruments
$173.69 /

-2.27 (-1.29%)

TXN Texas Instruments
$173.69 /

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TXN Texas Instruments
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Hot Stocks
Pure Storage trading halted, news pending  11:59
01/24/22
01/24
11:59
01/24/22
11:59
PSTG

Pure Storage

$23.47 /

-1.26 (-5.10%)

 
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PSTG Pure Storage
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PSTG Pure Storage
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01/20/22 Morgan Stanley
Pure Storage assumed with an Equal Weight at Morgan Stanley
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NetApp assumed with an Overweight at Morgan Stanley
01/18/22 KeyBanc
Pure Storage transferred with Overweight at KeyBanc
12/31/21 Stifel
Pure Storage price target raised to $37 from $33 at Stifel
PSTG Pure Storage
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-1.26 (-5.10%)

PSTG Pure Storage
$23.47 /

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PSTG Pure Storage
$23.47 /

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Options
AbbVie put volume heavy and directionally bearish » 11:55
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01/24
11:55
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11:55
ABBV

AbbVie

$130.50 /

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ABBV AbbVie
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ABBV AbbVie
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ABBV AbbVie
$130.50 /

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ABBV AbbVie
$130.50 /

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Options
Bilibili call volume above normal and directionally bullish » 11:45
01/24/22
01/24
11:45
01/24/22
11:45
BILI

Bilibili

$33.14 /

-2.93 (-8.12%)

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BILI Bilibili
$33.14 /

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BILI Bilibili
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01/20/22 Citi
Bilibili price target lowered to $61 from $120 at Citi
01/11/22 Bernstein
Bilibili downgraded to Market Perform from Outperform at Bernstein
01/06/22 Morgan Stanley
Bilibili downgraded to Equal Weight from Overweight at Morgan Stanley
12/28/21 Benchmark
Bilibili initiated with a Buy at Benchmark
BILI Bilibili
$33.14 /

-2.93 (-8.12%)

BILI Bilibili
$33.14 /

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BILI Bilibili
$33.14 /

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General news
6-month bill auction » 11:41
01/24/22
01/24
11:41
01/24/22
11:41
$ECON

Economic Data

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Total Amount: $51B,…

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General news
3-month bill auction » 11:41
01/24/22
01/24
11:41
01/24/22
11:41
$ECON

Economic Data

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Hot Stocks
AMTD International to acquire majority stake in AMTD Digital » 11:39
01/24/22
01/24
11:39
01/24/22
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HKIB

AMTD International

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-2.165 (-42.83%)

AMTD International, a…

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Conference/Events
UBS to hold a webinar » 11:36
01/24/22
01/24
11:36
01/24/22
11:36
NVDA

Nvidia

$217.26 /

-16.605 (-7.10%)

Nvidia Omniverse:…

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NVDA Nvidia
$217.26 /

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01/21/22 Northland
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NVDA Nvidia
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NVDA Nvidia
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NVDA Nvidia
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Options
Gap put volume heavy and directionally bearish » 11:35
01/24/22
01/24
11:35
01/24/22
11:35
GPS

Gap

$15.92 /

+0.06 (+0.38%)

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GPS Gap
$15.92 /

+0.06 (+0.38%)

GPS Gap
$15.92 /

+0.06 (+0.38%)

01/18/22 Morgan Stanley
Gap downgraded to Underweight from Equal Weight at Morgan Stanley
01/04/22 JPMorgan
Gap price target lowered to $18 from $22 at JPMorgan
11/30/21 Jefferies
Gap assumed with a Hold at Jefferies
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Gap selloff 'leaves Athleta option even more exposed,' says Gordon Haskett
GPS Gap
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General news
FX Action: » 11:35
01/24/22
01/24
11:35
01/24/22
11:35
$ECON

Economic Data

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FX Action: USD-JPY…

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Hot Stocks
AMTD International Inc trading resumes  11:31
01/24/22
01/24
11:31
01/24/22
11:31
HKIB

AMTD International

$2.89 /

-2.165 (-42.83%)

 
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Options
Nike call volume above normal and directionally bullish » 11:25
01/24/22
01/24
11:25
01/24/22
11:25
NKE

Nike

$141.45 /

-1.595 (-1.12%)

Bullish option flow…

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$141.45 /

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$141.45 /

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01/21/22 Citi
Under Armour upgraded to Buy from Neutral at Citi
01/18/22 Piper Sandler
Piper 'incrementally positive' on Nike shares after management meeting
01/18/22 Seaport Global
Seaport lists Nike, Foot Locker among Buys in Apparel/Footwear sector
01/18/22 Seaport Global
Nike initiated with a Buy at Seaport Global
NKE Nike
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NKE Nike
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-1.595 (-1.12%)

NKE Nike
$141.45 /

-1.595 (-1.12%)

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Technical Analysis
NASDAQ market internals summary » 11:23
01/24/22
01/24
11:23
01/24/22
11:23
$NSD

NASDAQ Market Internals

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Volume is above average…

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Technical Analysis
NYSE market internals summary » 11:22
01/24/22
01/24
11:22
01/24/22
11:22
$NYE

NYSE Market Internals

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Volume is above average…

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Conference/Events
Lantern Pharma management to meet virtually with ThinkEquity » 11:21
01/24/22
01/24
11:21
01/24/22
11:21
LTRN

Lantern Pharma

$5.76 /

-0.305 (-5.03%)

Virtual Meeting to be…

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$5.76 /

-0.305 (-5.03%)

LTRN Lantern Pharma
$5.76 /

-0.305 (-5.03%)

11/02/21 H.C. Wainwright
Lantern Pharma price target raised to $34 from $32 at H.C. Wainwright
10/07/21
Fly Intel: Top five analyst initiations
10/07/21 H.C. Wainwright
Lantern Pharma initiated with a Buy at H.C. Wainwright
LTRN Lantern Pharma
$5.76 /

-0.305 (-5.03%)

Hot Stocks
Intergrated Media Technology Ltd trading resumes  11:21
01/24/22
01/24
11:21
01/24/22
11:21
IMTE

Integrated Media Technology

$11.56 /

-0.46 (-3.83%)

 
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$11.56 /

-0.46 (-3.83%)

Conference/Events
Oncopeptides to host business news update conference call » 11:17
01/24/22
01/24
11:17
01/24/22
11:17
ONPPF

Oncopeptides

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CEO Lindberg and CMO…

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ONPPF Oncopeptides
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ONPPF Oncopeptides
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10/25/21 DNB Markets
Oncopeptides downgraded to Sell from Buy at DNB Markets
10/22/21 H.C. Wainwright
H.C. Wainwright sees bankruptcy risk for Oncopeptides after withdrawal
07/29/21 H.C. Wainwright
Oncopeptides price target lowered to SEK 12 from SEK 48 at H.C. Wainwright
07/13/21 H.C. Wainwright
Oncopeptides downgraded to Sell from Buy at H.C. Wainwright
Hot Stocks
Intergrated Media Technology Ltd trading halted, volatility trading pause  11:16
01/24/22
01/24
11:16
01/24/22
11:16
IMTE

Integrated Media Technology

$11.68 /

-0.34 (-2.83%)

 
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$11.68 /

-0.34 (-2.83%)

Options
Royal Caribbean put volume heavy and directionally bearish » 11:15
01/24/22
01/24
11:15
01/24/22
11:15
RCL

Royal Caribbean

$76.01 /

-3.13 (-3.96%)

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RCL Royal Caribbean
$76.01 /

-3.13 (-3.96%)

RCL Royal Caribbean
$76.01 /

-3.13 (-3.96%)

12/10/21
Fly Intel: Top five analyst upgrades
12/10/21 Berenberg
Royal Caribbean upgraded to Hold from Sell at Berenberg
11/01/21 Deutsche Bank
Royal Caribbean price target lowered to $81 from $83 at Deutsche Bank
09/24/21 Stifel
Royal Caribbean price target raised to $111 from $95 at Stifel
RCL Royal Caribbean
$76.01 /

-3.13 (-3.96%)

  • 01
    Mar
RCL Royal Caribbean
$76.01 /

-3.13 (-3.96%)

RCL Royal Caribbean
$76.01 /

-3.13 (-3.96%)

RCL Royal Caribbean
$76.01 /

-3.13 (-3.96%)

Hot Stocks
Tiziana Life Sciences announces up to $5M stock repurchase program » 11:14
01/24/22
01/24
11:14
01/24/22
11:14
TLSA

Tiziana Life Sciences

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Tiziana Life Sciences…

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08:05 Today B. Riley
Tiziana Life Sciences price target lowered to $3 from $8 at B. Riley
Hot Stocks
Arrow Electronics, Appletec sign agreement for supply of compact camera modules » 11:12
01/24/22
01/24
11:12
01/24/22
11:12
ARW

Arrow Electronics

$123.50 /

-1.66 (-1.33%)

Arrow Electronics has…

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$123.50 /

-1.66 (-1.33%)

ARW Arrow Electronics
$123.50 /

-1.66 (-1.33%)

12/31/21 Stifel
Arrow Electronics price target raised to $140 from $130 at Stifel
02/23/21 Citi
Citi opens long Arrow Electronics, short Avnet pair trade
02/05/21 Citi
Arrow Electronics price target raised to $110 from $85 at Citi
ARW Arrow Electronics
$123.50 /

-1.66 (-1.33%)

Hot Stocks
Arrow Electronics, Appletec sign agreement for supply of compact camera modules » 11:12
01/24/22
01/24
11:12
01/24/22
11:12
ARW

Arrow Electronics

$123.50 /

-1.66 (-1.33%)

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ARW Arrow Electronics
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ARW Arrow Electronics
$123.50 /

-1.66 (-1.33%)

12/31/21 Stifel
Arrow Electronics price target raised to $140 from $130 at Stifel
02/23/21 Citi
Citi opens long Arrow Electronics, short Avnet pair trade
02/05/21 Citi
Arrow Electronics price target raised to $110 from $85 at Citi
ARW Arrow Electronics
$123.50 /

-1.66 (-1.33%)

Periodicals
Tesla files counterclaim against JPMorgan in warrants lawsuit, Bloomberg says » 11:11
01/24/22
01/24
11:11
01/24/22
11:11
TSLA

Tesla

$894.91 /

-48.09 (-5.10%)

, JPM

JPMorgan

$140.42 /

-4.74 (-3.27%)

Tesla (TSLA) is…

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$894.91 /

-48.09 (-5.10%)

JPM JPMorgan
$140.42 /

-4.74 (-3.27%)

TSLA Tesla
$894.91 /

-48.09 (-5.10%)

01/20/22 Jefferies
Tesla 2022-23 estimates raised at Jefferies ahead of Q4 report
01/19/22 Piper Sandler
Tesla will continue exceeding profitability expectations, says Piper Sandler
01/18/22 Credit Suisse
Tesla price target raised to $1,025 from $830 at Credit Suisse
01/12/22 New Street
New Street sees 50% upside in Tesla this year amid 'perfect storm'
JPM JPMorgan
$140.42 /

-4.74 (-3.27%)

01/18/22 UBS
JPMorgan price target lowered to $197 from $210 at UBS
01/18/22 Barclays
JPMorgan price target lowered to $200 from $202 at Barclays
01/18/22 Citi
JPMorgan price target lowered to $175 from $188 at Citi
01/18/22 Piper Sandler
JPMorgan price target lowered to $187 from $192 at Piper Sandler
TSLA Tesla
$894.91 /

-48.09 (-5.10%)

JPM JPMorgan
$140.42 /

-4.74 (-3.27%)

TSLA Tesla
$894.91 /

-48.09 (-5.10%)

JPM JPMorgan
$140.42 /

-4.74 (-3.27%)

TSLA Tesla
$894.91 /

-48.09 (-5.10%)

JPM JPMorgan
$140.42 /

-4.74 (-3.27%)

TSLA Tesla
$894.91 /

-48.09 (-5.10%)

JPM JPMorgan
$140.42 /

-4.74 (-3.27%)

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