EVgo (EVGO) Prices 29.41M Share Offering at $4.25/sh

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Go back to EVgo (EVGO) Prices 29.41M Share Offering at $4.25/sh

EVgo Inc. Announces Pricing of Offering of Class A Common Stock

May 17, 2023 10:02 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- EVgo Inc. (Nasdaq: EVGO; EVgo or the Company) announced today the pricing of an underwritten public offering of 29,411,765 shares of its Class A common stock, par value $0.0001 per share (the Class A common stock), at $4.25 per share. The net proceeds to the Company from the offering, after deducting underwriting discounts and commissions but before other offering expenses, are expected to be approximately $121 million. EVgo has granted the underwriters a 30-day option to purchase up to an additional 4,411,764 shares of Class A common stock. EVgo intends to use the net proceeds of this offering for general corporate... More