secwatch.observer — SEC 8-K summary
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Issuer:     EVgo Inc. (EVGO)
CIK:        0001821159
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001104659-24-129561
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821159/000110465924129561/0001104659-24-129561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821159/000110465924129561/tm2431307d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-129561

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