BCLS Acquisition Corp.
BLSA · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from BCLS Acquisition Holdings, LP, listed on Nasdaq in October 2020.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 23 October 2020
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 200 CLARENDON STREET, BOSTON, MA, 02116
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Hack Andrew A. F. (Chief Financial Officer) · Koppel Adam (Director) · Schwartz Jeffrey Lawrence (Chief Executive Officer)
- Listed securities
- BLSA common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 23 October 2020IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsBLSA is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
BCLS Acquisition Corp. was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker BLSA. The company priced its initial public offering on October 23, 2020, according to a 424B prospectus. The BLSA ticker is printed on the cover page of an 8-K filed on December 10, 2021. The company later liquidated, winding up and returning trust cash to shareholders, with the redemption of its Class A Ordinary Shares established by a Form 25 filed on October 26, 2022.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This filing shows the pre-2021 carrying-amount mechanic moving in real time: shareholders' equity is pinned at $5,000,010 in both periods, so the quarter's $242,921 loss is absorbed by reclassifying 24,292 shares out of temporary equity and into permanent equity. The redeemable share count is an accounting residual, not a measure of how many shares can redeem - all 14,375,000 public shares retain that right. Total Class A of 14,862,500 reconciles to the cover, and the deferred fee is $0.35 on the public shares.
BCLS raised through private placement SHARES rather than warrants, so the cover's 14,862,500 Class A count includes 487,500 placement shares on top of the 14,375,000 public shares - a share count that will not reconcile to a public-share model. The trust earned $904 in two months on $143.75m, so the $968,800 outside it is the entire runway. Class A closed at $11.14 on December 31, 2020, a premium to the $10.00 redemption value. Figures are as of December 31, 2020.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
- What changed vs 2022-05-12trust $143.8M → $143.9M +0%
trust account, going-concern doubt, mandate language +11 moved · 3 with no prior record of ours
- Trust account
- $143.8M$143.9M
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus on industries that complement our managem… · unchanged
- Redeemable shares
- 14.4M · unchanged
SpacBrain reads this as $99,453 was added to the trust between the two filings.
The clause …“expenses 94,125 195,788 Total current assets 733,811 835,474 Investments held in Trust Account 143,861,974 143,760,397 Total assets $ 144,595,785 $ 144,595,871 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
The clause …“any Working Capital Loan. In connection with the Company’s assessment of going concern considerations in accordance with FASB’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
The clause …“uncertain future events. Accordingly, at June 30, 2022 and December 31, 2021, 14,375,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2021-11-12trust $143.8M → $143.8M +0%
trust account, redeemable shares, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $143.8M$143.8M
- Redeemable shares
- not previously extracted14.4M
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus on industries that complement our managem… · unchanged
SpacBrain reads this as $5,151 was added to the trust between the two filings.
The clause …“expenses 176,038 195,788 Total current assets 815,724 835,474 Investments held in Trust Account 143,762,521 143,760,397 Total assets $ 144,578,245 $ 144,595,871 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
The clause …“future events. Accordingly, at March 31, 2022 and December 31, 2021, 14,375,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the”…
The clause …“any Working Capital Loan. In connection with the Company’s assessment of going concern considerations in accordance with FASB’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2021-03-19trust $143.8M → $143.8M +0%going concern APPEAREDshares 13.5M → 14.4M +6%
trust account, going-concern doubt, mandate language +24 moved · 1 with no prior record of ours
- Trust account
- $143.8M$143.8M
- Going-concern doubt
- not statedstated
- Mandate language
- we intend to focus on industries that complement our managem…we intend to focus on industries that complement our managem…
- Redeemable shares
- 13.5M14.4M
- Combination deadline
- not previously extracted2022-10-26
SpacBrain reads this as $9,493 was added to the trust between the two filings.
The clause …“expenses 195,788 451,425 Total current assets 835,474 1,420,225 Investments held in Trust Account 143,760,397 143,750,904 Total assets $ 144,595,871 $ 145,171,129 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“capital loans outstanding. In connection with management’s assessment of going concern considerations in accordance with FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
SpacBrain reads this as 875,545 more shares carry a redemption right.
The clause …“of uncertain future events. Accordingly, at December 31, 2021 and 2020, 14,375,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the”…
The clause …“unable to raise additional funds to alleviate liquidity needs and complete a business combination by October 26, 2022, then the Company will cease all operations except for the purpose of liquidating. The date for mandatory liquidation”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
BCLS Acquisition Holdings, LPnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B4 0001193125-20-275508
Trading & liquidity
Company profile
Directors & officers
- Hack Andrew A. F.Chief Financial Officer
- Koppel AdamDirector
- Schwartz Jeffrey LawrenceChief Executive Officer
- Diaz Allene M.Director
- Greene Barry EDirector
- Sinha VikasDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
5 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- ADAGE CAPITAL PARTNERS GP, L.L.C.with 2 other reporting persons on the same schedule8.3% · SC 13GNov 5, 2020 stale
- PERCEPTIVE ADVISORS LLCwith 2 other reporting persons on the same schedule6.7% · SC 13G/AFeb 15, 2022 stale
- RA CAPITAL MANAGEMENT, L.P.with 3 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- ACUTA CAPITAL PARTNERS, LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- FEDERATED HERMES, INC.with 4 other reporting persons on the same schedule0.0% · SC 13G/ADec 7, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
36 full SEC filing texts archived — searchable, never lost.
- Vault note — BLSA (BCLS Acquisition Corp.)
vault-note · /vault/tickers/BLSA
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001193125-20-275508 priced 2020-10-23; common ticker BLSA off 8-K 0001193125-21-354005 (2021-12-10); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-22-000595 (2022-10-26) — Form 25 filed under 17 CFR 240.12d2-2(a)(2) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Class A Ordinary Shares). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "BCLS Acquisition Holdings, LP" sourced from prospectus definition (10-K/A) acc 0001193125-21-370650.