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Broadstone Acquisition Corp.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 15, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Seeks to combine with businesses through mergers, acquisitions or similar transactions, using its management team’s relationships and operating experience to find targets.

How Did They Make Money?

No revenue was reported.

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Net income
▼ −79% (Loss)
vs −$654.6K in Q3 FY2020
  • Dec 2, 2021 Broadstone called a shareholder vote on its Vertical business combination The vote was scheduled for December 14, 2021; closing was expected on or about December 16, 2021, subject to approval and closing conditions.
  • Nov 22, 2021 Broadstone said its earlier financial statements should no longer be relied upon It planned to amend and restate annual and quarterly statements after reclassifying Class A shares as temporary equity.
  • Jun 11, 2021 Broadstone signed a business combination agreement with Vertical The agreement provides for Broadstone to merge into Merger Sub, followed by Pubco's exchange of shares for Vertical shares.

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