Tuesday, July 6, 2021

EVgo Completes SPAC Deal, Trading Now On Nasdaq

Los Angeles-based electric vehicle charging network operator EVgo says it has completed its business combination with Climate Change Crisis Real Impact I Acquisition Corporation. The special purpose acquisition company (SPAC) deal creates a new, publicly traded company called EVgo Inc., which is now trading on the Nasdaq Global Select Market as EVGO, with warrants trading as EVGOW. EVgo had previously said it would receive $575M in net proceeds, which it will use to fund and accelerate its growth strategy and network build out. EVgo operates a network of public fast charging stations for electric vehicles.