Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to CRIS’s stockholders in connection with the proposed business combination will be set forth in the proxy statement for the proposed business combination when available. Time is precious for all of us, so a public fast charging option with an expanding footprint like EVgo is essential to meet the rapidly growing needs of EV drivers of all types.”, “EVgo is a crown jewel in our portfolio, and is one of the LS Power businesses leading the charge toward decarbonization,” commented David Nanus, LS Power’s Co-Head of Private Equity and EVgo Chairman. For Media: All statements, other than statements of present or historical fact included in this press release, regarding CRIS’s proposed business combination with EVgo, CRIS’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These include a strategic relationship with General Motors, which selected EVgo for a nationwide EV charging infrastructure buildout, whereby EVgo expects to add more than 2,700 additional fast chargers to its network over the next 5 years. These 3 industries may benefit the most from 5G, Tesla is on fire, but these EV-related stocks could end up just as hot. CRIS’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of CRIS in CRIS’s final prospectus filed with the SEC on September 30, 2020 in connection with CRIS’s initial public offering. VPNs can help you hide this information from … With more than 800 fast charging locations in 67 major metropolitan markets across 34 states, EVgo owns and operates the most public fast charging locations in the U.S. and serves more than 220,000 customers. The preliminary and definitive proxy statements and other relevant documents will be sent or given to the stockholders of CRIS as of the record date established for voting on the proposed business combination and will contain important information about the proposed business combination and related matters. To listen to the prepared remarks via telephone, dial 1-877-705-6003 (U.S.) or 1-201-493-6725 (International) and an operator will assist you. +1.15% EVgo has also worked with Tesla, to enable native fast charging on EVgo’s network. When available, the definitive proxy statement will be mailed to CRIS’s stockholders as of a record date to be established for voting on the proposed business combination. Corporate partners also include Uber and Lyft, which selected EVgo as one of their first charging providers. dan.gross@climaterealimpactsolutions.com cris@antennagroup.com Despite a bounce after bottoming Thursday afternoon, the median yield on common equity without a deal rose to 1.66% by the end of … Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. EVgo, which boasts being the "nation's largest electric vehicle (EV) public fast charging network," said its expects $575 million in proceeds from the merger deal, values the combined company at $2.6 billion. Accordingly, undue reliance should not be placed upon the forward-looking statements. Additionally, LS Power actively invests in businesses focused on renewable energy and renewable fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. BofA Securities is serving as exclusive financial advisor to CRIS, and also acted as joint lead placement agent on the PIPE. Date Added Proposed Merger Last Close Price Momentum factor 10 Momentum factor 200 Shares outstanding Average trading volume % traded Action; AACQ: Artius Acquisition Inc. - Class A: $747,684,000: 02/24/2021: On 2/17/2021 the company announced a pending merger with Origin Materials, the world’s leading carbon negative materials company. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC’s website at www.sec.gov/ or by directing a request to: Climate Change Crisis Real Impact I Acquisition Corporation, 300 Carnegie Center, Suite 150 Princeton, NJ 08540, Attention: Secretary, telephone: (212) 847-0360. The SPAC's stock, which went public on Nov. 20, has rallied 24.6% year to date through Thursday, while the Renaissance IPO ETF CRIS is a special-purpose acquisition company (SPAC) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis. The CLII SPAC and EVgo announced their merger agreement on Jan. 22. Isaac Steinmetz They aim to close the transaction by the end of June 2021. Two years ago, SPACs were a relatively underused financial tool, but last year they became the hot thing on Wall Street for climate tech companies and in particular, for electric vehicle companies. That date was about a week … SPAC (special purpose acquisition company), also known as a blank-check company is a vehicle to bring a private company to the public markets as an alternative to an IPO. Climate Real Impact Solutions Many actual events and circumstances are beyond the control of CRIS or EVgo. Founded in 2010, EVgo has led the way in transportation electrification, partnering with automakers, fleet and rideshare operators, retail hosts like hotels, shopping centers, gas stations, and parking lot operators, and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for all U.S. drivers to take advantage of the benefits of driving an EV. There may be additional risks that neither CRIS nor EVgo presently know, or that CRIS and EVgo currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. IPO, EVgo Fleet electrification is accelerating due to a lower total cost of EV ownership, regulatory imperatives, and increased focus on ESG alignment. is serving as counsel to the placement agents on the PIPE. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of CRIS and EVgo and are not predictions of actual performance. CRIS is led by a seasoned operations and leadership team that has decades of experience at the intersection of climate change and capitalism, and includes veterans from NRG, Credit Suisse, General Electric and Green Mountain Power. The blank-check company raised $230 million in … With more than 800 locations in 67 major metropolitan markets across 34 states, EVgo’s network serves a rapidly expanding customer base that currently exceeds 220,000 customers. 609-212-3857. EVgo, an industry-leading builder, owner and operator of DC fast charging for electric vehicles in the U.S., has entered into a definitive business … In the case of the Switchback-ChargePoint merger, only those who owned the SPAC's shares on Dec. 16 can vote. Electric-Bus Maker Lion Electric's SPAC IPO Date, Valuation, and IPO Plans By Ambrish Shah. has gained 8.4% and the S&P 500 Similarly, consumer adoption is increasing rapidly, supported by the proliferation of affordable electric vehicles, greater choice in EV models, such as SUVs and crossover utility vehicles, and increased awareness of the need to combat climate change through electrifying the transportation sector. Management & Owner Commentary +2.60% If any of these risks materialize or CRIS’s or EVgo’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. March 29, 2021 Welcome to the SPAC Research weekly newsletter. The Board of Directors of the combined company will include representation from EVgo, LS Power and CRIS, as well as independent directors. The EVgo IPO is coming via SPAC Climate Change Crisis (NYSE: CLII). LOS ANGELES & NEW YORK--(BUSINESS WIRE)--EVgo Services LLC (“EVgo”), the nation’s largest electric vehicle (EV) public fast charging network in the U.S. and a wholly-owned subsidiary of LS Power, and Climate Change Crisis Real Impact I Acquisition Corporation (“Climate Real Impact Solutions” or “CRIS”) (NYSE: CLII) announced today a definitive agreement for a business combination that would result in EVgo becoming a publicly listed company. +0.15% Forward-Looking Statements Latham & Watkins L.L.P. Copyright © 2021 MarketWatch, Inc. All rights reserved. 10.32: 1.02: 0.99: 72,450,000: … Transaction Overview EVgo’s business model is underpinned by over $300 billion in industry-wide automaker and battery manufacturer commitments to electric vehicle programs, trends towards mobility as a service, and industry expectations for the EV market to increase over 100x between 2019 and 2040. Shares of Climate Change Crisis Real Impact I Acquisition Corp. For Investors: He wants me to leave him everything — and will pass on the inheritance to my 5 children, Aphria revenue estimates lowered by Stifel ahead of Q3 earnings on weak cannabis consumption trends. Cathy will work alongside other existing executive team members, including Olga Shevorenkova, Chief Financial Officer, Ivo Steklac, Chief Operating and Chief Technology Officer, and Jonathan Levy, Chief Commercial Officer. “EVgo’s extensive nationwide network and deep relationships with its customers and other stakeholders create a real competitive advantage for the company, and this business combination, which will both fully fund and accelerate the company’s growth plans, positions EVgo to further strengthen its market-leading position.”, “Starting from our IPO in September, we set out looking for a purpose-driven company making a meaningful contribution in the fight against climate change that was best in class in its sector. That includes continuing to build out its EV charging network. The pro forma implied market capitalization of the combined company is $2.6 billion at the $10 per share PIPE subscription price, assuming no CRIS shareholders exercise their redemption rights. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. Advisors Beyond market-leading fast charging capability and reliability, EVgo also has developed a dedicated suite of software-enabled products and services, such as charging reservation capability, smart access to host sites, integrated retail promotions, and loyalty programs. For Media: Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the proxy statement that CRIS intends to file with the SEC. “Just a few years ago, electric vehicles were considered niche,” remarked Cathy Zoi, Chief Executive Officer of EVgo. 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