UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
||
(Address of principal executive offices) | (Zip Code) |
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Item 8.01. | Other Events. |
On October 21, 2022, BCLS Acquisition Corp. (the “Company”) issued a press release announcing that as of the close of business on October 26, 2022, the Company’s publicly held Class A ordinary shares, par value $0.0001, will be deemed cancelled and will represent only the right to receive their pro-rata share in the Company’s trust account, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
Exhibit |
Description | |
99.1 | Press release, dated October 21, 2022 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BCLS ACQUISITION CORP. | ||||||
Date: October 21, 2022 | By: | /s/ Andrew Hack | ||||
Name: | Andrew Hack | |||||
Title: | Chief Financial Officer and Director |
Exhibit 99.1
BCLS Acquisition Corp. will redeem its Public Shares and will not consummate an initial business combination
Boston, Massachusetts, October 21, 2022 BCLS Acquisition Corp. (the Company) (Nasdaq: BLSA), a special purpose acquisition company, today announced that as of the close of business on October 26, 2022, the Companys publicly held Class A ordinary shares, par value $0.0001 (the Public Shares), will be deemed cancelled and will represent only the right to receive their pro-rata share in the Companys trust account (Trust Account), because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association (the Articles).
As stated in the Companys Articles and in the Companys registration statement on Form S-1 (Registration No. 333-249284), initially filed with the United States Securities and Exchange Commission (the Commission) on October 2, 2020, relating to the Companys initial public offering, if the Company is unable to complete an initial business combination within 24 months of the initial public offering, the Company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its income taxes, if any (less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then-outstanding Public Shares, which redemption will completely extinguish public shareholders rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Companys remaining shareholders and the Companys board of directors, liquidate and dissolve, subject in each case to the Companys obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.
The per-share redemption price for the Public Shares will be approximately $10.03 (the Redemption Amount). The balance of the Trust Account as of September 30, 2022 was $144,329,573, which includes $579,573 in interest and dividend income (excess of cash over $143,750,000, the funds deposited into the Trust Account). In accordance with the terms of the related trust agreement, the Company expects to retain $100,000 of the interest and dividend income from the Trust Account to pay dissolution expenses.
As of the close of business on October 26, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the Redemption Amount within ten business days. The Company anticipates that the Public Shares will cease trading on The Nasdaq Capital Market (Nasdaq) as of the close of business on October 26, 2022.
The Redemption Amount will be payable to the holders of the Public Shares upon delivery of their shares to the Companys transfer agent, Continental Stock Transfer & Trust Company. Beneficial owners of Public Shares held in street name, however, will not need to take any action in order to receive the Redemption Amount.
The Companys sponsor has waived its redemption rights with respect to the outstanding founder shares and private placement shares. After October 26, 2022, the Company shall cease all operations except for those required to wind up the Companys business.
The Company expects that Nasdaq will file a Form 25 with the Commission in order to delist the Companys securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of the Companys securities under the Securities Exchange Act of 1934, as amended.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as believes, expects, intends, plans, estimates, assumes, may, should, will, seeks, or other similar expressions. Such statements may include, but are not limited to, statements regarding the Companys intention to redeem all of its outstanding Public Shares, the Companys cash position or cash held in the Trust Account, the Redemption Amount, or the timing when the Companys Public Shares will cease
trading on Nasdaq. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
Contact
Scott Lessne
(646) 502-3569
slessne@stantonprm.com
Document and Entity Information |
Oct. 21, 2022 |
---|---|
Cover [Abstract] | |
Security Exchange Name | NASDAQ |
Amendment Flag | false |
Entity Central Index Key | 0001823200 |
Document Type | 8-K |
Document Period End Date | Oct. 21, 2022 |
Entity Registrant Name | BCLS Acquisition Corp. |
Entity Incorporation State Country Code | E9 |
Entity File Number | 001-39646 |
Entity Tax Identification Number | 98-1554961 |
Entity Address, Address Line One | 200 Clarendon Street |
Entity Address, City or Town | Boston |
Entity Address, State or Province | MA |
Entity Address, Postal Zip Code | 02116 |
City Area Code | (617) |
Local Phone Number | 516-2000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Security 12b Title | Class A Ordinary Shares, par value $0.0001 per Share |
Trading Symbol | BLSA |
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end
_$V0%RX)#P<:-V&"^R^U&+_;*I(GH]KM2WP!6T
M?"16VA^8(;5FBU1[H2\&3.Z=)9,&E=1%=L098_K@%_J2WZUO:E!\F7-Z8F_9
MJ2R1=.Y7[CRR7.0-GS)%,J^7,#$9ZSMB.0MVU2\3$KXX'LM[1D3+\HT';V
M1X@*7#;DO7@*UL\X"*5Q=9B<^-'B/-G$P,8-:,@["Y*:-X8;B@$!Z&"S@>
MQ@JW5"GJ=B/%M)X3*NQE&1D&HB^*NQ(*W@']J?\?'FX2;I7LO.,LC@>^<0]V
M"?T.$@IA@BF4(%X\I#YA?>9&FC]BW@E6+J8.O^VXYP!82Y"WAS-LF;.ZKIE#
MWZV)0:M2!CG92#(/3IWWA[,U+1M'@3<"Z'[7%<&FX?.)