secwatch.observer — SEC 8-K summary
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Issuer:     Charge Enterprises, Inc. (—)
CIK:        0001277250
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001654954-23-009901
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.02, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1277250/000165495423009901/0001654954-23-009901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1277250/000165495423009901/crge_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-009901

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