---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-009901"
form_type: "8-K"
ticker: null
cik: "0001277250"
company_name: "Charge Enterprises, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:09:44.807969+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Charge Enterprises acquires Greenspeed Energy Solutions for up to $15M in cash, stock, earnouts

## Summary
- Total consideration up to $15M: $6M cash, $2M stock (2.1M shares), plus up to $7M earnout based on EBITDA milestones.
- Acquisition adds ~$12M in infrastructure backlog, bringing combined backlog to ~$150M as of June 30, 2023.
- Combined EV charging installations exceed 600 units (410 Level 2, 190 DCFC).
- Deal expected to be accretive to EBITDA and free cash flow in first full year; Greenspeed founder Paul Williams leads combined EV biz.
- Consideration shares subject to lock-up through December 2025; earnout targets are two 12-month periods starting Oct 2023/2024.

## SEC filing metadata
- accession: 0001654954-23-009901
- form_type: 8-K
- cik: 0001277250
- company_name: Charge Enterprises, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1277250/000165495423009901/0001654954-23-009901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1277250/000165495423009901/crge_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-009901
- JSON: https://secwatch.observer/filing/0001654954-23-009901.json
- Plain text: https://secwatch.observer/filing/0001654954-23-009901.txt

## Key facts
- Earnings Releases
  Charge Enterprises, Inc. reported preliminary financial results for as of June 30, 2023.
  - Period: as of June 30, 2023
  - Result: preliminary results
  source text: On August 1, 2023, the Company also announced that, as a result of the Greenspeed Acquisition, it had acquired approximately $12 million in additional infrastructure backlog as of June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1277250/000165495423009901/0001654954-23-009901-index.htm
- M&A Transactions
  Charge Enterprises, Inc. completed an acquisition involving Paul M. Williams for aggregate cash amount of $6,000,000 plus 2,085,263 shares of our Common Stock, which represents an aggregate value of $2,000,000 (closed 2023-08-01).
  - Action: acquisition
  - Counterparty: Paul M. Williams
  - Consideration: aggregate cash amount of $6,000,000 plus 2,085,263 shares of our Common Stock, which represents an aggregate value of $2,000,000
  - Closing: 2023-08-01
  source text: and remain with the business moving forward as President and CEO of Greenspeed. In connection with the Greenspeed Acquisition, we paid the Seller an aggregate cash amount of $6,000,000 plus 2,085,263 shares of our Common Stock, par value $0.0001 per share, which represents an aggregate value of $2,000,000 based on the 30 day volume weighted average market price
  evidence_url: https://www.sec.gov/Archives/edgar/data/1277250/000165495423009901/0001654954-23-009901-index.htm
- Material Agreements
  Charge Enterprises, Inc. entered into Purchase Agreement with Paul M. Williams valued at an aggregate cash amount of $6,000,000 plus 2,085,263 shares of Common Stock valued at $2,000,000 (effective 2023-08-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Paul M. Williams
  - Value: an aggregate cash amount of $6,000,000 plus 2,085,263 shares of Common Stock valued at $2,000,000
  - Effective: 2023-08-01
  source text: On August 1, 2023, Charge Enterprises, Inc. (sometimes referred to herein as “we,” “us,” “our”, “Company” or similar terms), through its wholly-owned subsidiary Nextridge, Inc. (“ Buyer ”), acquired all of the membership interests of Greenspeed Energy Solutions, L.L.C., a Georgia limited liability company (“ Greenspeed ”), from its sole member, Paul M. Williams (the “ Seller ”) pursuant to a Unit Purchase Agreement (the “ Purchase Agreement ”), dated as of August 1, 2023, by and among the Company, Buyer, the Seller and Greenspeed (the “ Greenspeed Acquisition ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1277250/000165495423009901/0001654954-23-009901-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.