Climate Change Crisis Real Impact I Acquisition shareholders voted in favor of the SPAC’s merger with EVgo HoldCo, a fast-charging network for electric vehicles powered by renewable electricity.
More than 99 percent of the votes cast were in support of the deal. The SPAC said 13,230 shares were redeemed, removing approximately $132,305.78 from the trust account.
Announced in January, the pro forma implied market capitalization of the combined company is $2.6 billion. Net cash proceeds are estimated to be approximately $575 million, comprised of $400 million from a PIPE and approximately $230 million of cash held in trust by CRIS before redemptions and payment of deferred underwriting compensation, less transaction expenses. Read more.
