Bluescape Opportunities Acquisition Corp. Initial Public Offering
10/30/2020

Davis Polk advised the joint book runners in connection with the initial public offering of 57,500,000 units of Bluescape Opportunities Acquisition Corp. for aggregate proceeds of $575 million. Each unit consists of one share of Class A common stock and one-half of one warrant to purchase one share of Class A common stock of the company. The units were listed on the New York Stock Exchange under the symbol “BOAC.U.” The company has granted the underwriters a 45-day option to purchase up to an additional 8,625,000 units at the initial public offering price to cover over-allotments, if any.

Bluescape Opportunities Acquisition Corp. is a special purpose acquisition company (SPAC) founded by C. John Wilder, who is also the founder and Executive Chairman of Bluescape. The company was formed for the purpose of effecting a business combination with one or more businesses.  It intends to focus its search for a business that would benefit from the founders' experience acquiring and operating businesses in the energy infrastructure sector and related sectors.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Elliot M. de Carvalho, Hugo Casella and Bree Gong. The tax team included partner William A. Curran and associate Lex L. Varga. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and São Paulo offices.