EVgo Announces Pricing Of Secondary Offering Of Class A Stock - Quick Facts

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(RTTNews) - EVgo Inc. (EVGO) announced the pricing of the underwritten public secondary offering by EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P., of 23 million shares of Class A common stock, par value $0.0001 per share, of EVgo, at a public offering price of $5.00 per share. LS Power has granted the underwriters a 30-day option to purchase up to an additional 3.45 million Class A Shares at the public offering price, less the underwriting discounts and commissions.

LS Power will receive all of the proceeds from this offering, and EVgo will not receive any proceeds from this offering. The offering is expected to close on December 18, 2024.

Shares of EVgo are down 22% in pre-market trade on Tuesday.