EVgo authorized to issue up to 10 million shares of preferred stock

By Marisa Wong

Los Angeles, Aug. 26 – EVgo Inc. may issue preferred stock under a $750 million shelf registration that also covers class A common stock and warrants, according to a 424B3 filing with the Securities and Exchange Commission.

The company is authorized to issue 10 million shares of preferred stock. The preferreds may be issued from time to time in one or more series. The company has no shares of preferred stock outstanding as of Aug. 25.

In addition to the preferred stock, the company is authorized to issue 1.2 billion shares of class A common stock and 400 million shares of class B common stock. As of Aug. 1, the company had 69,078,584 shares of class A common stock, 195.8 million shares of class B common stock and 18,097,120 warrants outstanding.

Based in Los Angeles, EVgo owns and operates a network of charging stations for electric vehicles.

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