EVgo's LS Power to sell 23M Class A shares at $5.00 in secondary offering after unit redemption

EVgo Inc.

EVgo redeems 23M OpCo units and Class B shares from LS Power in exchange for 23M new Class A shares.
LS Power sells those Class A shares in an underwritten public offering at $5.00 per share; underwriters have 30-day option for up to 3.45M additional shares.
EVgo receives no proceeds from the secondary offering; all proceeds go to LS Power.
Redemption closed Dec 17, 2024; secondary offering expected to close Dec 18, 2024.
EVgo, its directors/officers, and LS Power agree to a 60-day lock-up on additional share sales, subject to exceptions.

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