By Kathryn HardisonBroadscale Acquisition Corp. and Voltus Inc. are calling off a business combination originally valued at $1.3 billion. The combination of Broadscale, a special purpose acquisition company, and Voltus was designed to take the software company public. Voltus uses software to manage small, decentralized electricity systems known as distributed energy resources. The companies originally entered into the merger agreement in November. Broadscale said it still intends to pursue a business combination with another company.

Source: Wall Street Journal August 13, 2022 06:33 UTC