Iwago has asked for a close merger deal with climate change SPAC

EVgo Services LLC, a charging network for electric vehicles that is entirely powered by renewable energy, is going to make a deal to go public through a merger According to people familiar with the case, the real impact of the climate change crisis is Acquisition Corp.

A transaction is scheduled to give the combined entity more than $ 2 billion in value, said one of the people, who is not asked to identify because the information is private. People said as soon as an announcement could come on Friday.

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Shares of Climate Change Crisis, a special-purpose acquisition company, jumped 117% in pre-market trading on Friday. They were up 65% to $ 22 in New York at 4:36 am.

With any deal that has not yet been finalized, it may still be delayed or negotiations may collapse. A representative of EVgo did not immediately respond to a request for comment, and a spokesman for the climate change crisis SPAC declined to comment.

Read more: CEO of EV charging station plans to electrify roads

EVgo, founded in 2010, has more than 800 fast charging locations in more than 600 cities across 34 states in the US, serving a customer base of over 200,000, with its The website shows its partners include automakers such as BMW AG, General Motors Co., Nissan Motor Company and rideshare operators such as Uber Technologies Inc.

SPAC, led by Chief Executive Officer David Crane and Chief Financial Officer John Cavalier, raised $ 230 million in September to pursue targets in the climate sector.

Another electric vehicle charging specialist, EVBox, in December The blank-check firm TPG Pace agreed to go public through a merger with Beneficial Finance Corp, which has seen its shares more than double since this announcement.

Read more: Biden Charging Plan Can Sell 25 Million EVs

– with assistance by Scott Deveau

()Updates with share feedback in the third paragraph)


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