EVgo Inc. (EVGO) Form SCHEDULE 13D/A — Nov 2, 2026
LS Power, EVgo's majority holder with 56.81% of voting securities, delivered a proposal on November 2, 2026 to acquire all Class A shares it does not already own for $2.00 per share in cash. The offer represents a 62% premium to the 30-day VWAP and a 59% premium to the closing price as of October 30, 2026. LS Power anticipates a long-form merger structure, which preserves public shareholders' appraisal rights. The proposal is non-binding and conditional on review by a special committee of independent directors, and LS Power reserves the right to withdraw or modify it at any time.
Key figures
- Offer Price
- $2.00 per share in cash
- Premium To Close
- 59%
- Ls Power Ownership
- 178,682,352 shares (56.81% of Class A including Class B conversion; EVgo Holdings 54.94%)
- Shares Outstanding
- 141,715,720 Class A and 172,800,000 Class B shares as of July 28, 2026
- Premium To30 Day Vwap
- 62%
AI analysis
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