Bluescape Opportunities Acquisition Corp announced that it will issue 16,000,000 warrants at a price of $1 per warrant for gross proceeds of $16,000,000, each exercisable to purchase one class A ordinary share at $11.50 per share, subject to adjustment on September 2, 2020. The transaction will include participation from Bluescape Sponsor LLC. The company may issue up to 18,100,000 warrants if the underwriters’ over-allotment option is exercised in full. The transaction will occur concurrently with the closing of the IPO of the company.