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Charging company EVgo is going public via SPAC merger – The Verge
EVgo is the latest company to jump on the trend of so-called SPAC mergers, in a deal that will bring in nearly $600 million. When it closes, EVgo will become a…
The deal will bring in nearly $600 million
Photo by Sean OKane / The Verge
Another company in the electric vehicle industry is going public by merging with a so-called SPAC, or special purpose acquisition company. This time, its EVgo, one of the leading providers of electric vehicle charging stations in the US.
The deal is expected to bring in $575 million for EVgo. When it closes, EVgo will become a publicly-traded company on the New York Stock Exchange.
In something of a poetic twist, the investment…
