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EVgo Inc. Announces Offering of Class A Common Stock
LOS ANGELES--(BUSINESS WIRE)-- EVgo Inc. (NYSE: EVGO) (“EVgo” or the “Company”) announced today the commencement of an underwritten public offering of
About this update from Evgo Inc.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nEVgo Inc. (NYSE: EVGO) (“EVgo” or the “Company”) announced today the commencement of an underwritten public offering of $125,000,000 of shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”). All of the shares of Class A common stock to be sold in the offering will be offered by the Company. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $18,750,000 of shares of Class A common stock at the public offering price, less the underwriting discounts and commissions. The Company intends to use the net proceeds of the offering for general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.\n\n\nJ.P. Morgan Securities LLC, Evercore Group L.L.C. and Goldman Sachs & Co. LLC are acting as the underwriters for the offering.\n\n\nThe Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement relating to these securities with the Securities and Exchange Commission (the “SEC”). The registration statement became effective on August 25, 2022. The offering is being made only by means of a prospectus supplement (including the accompanying base prospectus), copies of which may be obtained, when available, from J.P. Morgan Securities LLC, Attention: Equity Syndicate Desk at 383 Madison Avenue, New York, New York 10179, Evercore Group, L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055 and Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282-2198, Attention: Prospectus Department.\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.\n\n\nAbout EVgo\n\n\nEVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. As one o...