JoanY
2021-07-29
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EV charging firm Allego to go public via Apollo-backed blank-check deal
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It has deployed more than 26,000 charging ports across 12 European countries.</p>\n<p>Demand for companies in the EV space has surged in recent years, fueled in part by a green push globally. <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></p>\n<p>started trading on the Nasdaq earlier this week after completing its $24 billion merger with a blank-check company backed by Wall Street dealmaker Michael Klein.</p>\n<p>Blank-check vehicles, or special purpose acquisition companies, use the capital they raise through their initial public offerings to buy and merge with a private company, in a deal that then takes it public.</p>\n<p>Allego will be listed on the New York Stock Exchange under the ticker symbol \"ALLG.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV charging firm Allego to go public via Apollo-backed blank-check deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV charging firm Allego to go public via Apollo-backed blank-check deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-29 10:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 28 (Reuters) - European electric vehicle charging company Allego will go public through a merger with a blank-check firm backed by private equity giant Apollo Global Inc , in a deal valuing the equity of the combined company at $3.14 billion.</p>\n<p>The deal with Spartan Acquisition Corp III announced on Wednesday will generate proceeds of $702 million, with $150 million coming from a private investment in public equity (PIPE) transaction.</p>\n<p>Investors in the PIPE deal include British investor Ian Osborne's Hedosophia, funds and accounts managed by private equity firm ECP, EV company Fisker Inc and affiliates of Apollo.</p>\n<p>The funds will used to execute the combined entity's expansion plans, Allego said.</p>\n<p>Founded in 2013, Allego was acquired by asset manager and global investor Meridiam in 2018. It has deployed more than 26,000 charging ports across 12 European countries.</p>\n<p>Demand for companies in the EV space has surged in recent years, fueled in part by a green push globally. <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></p>\n<p>started trading on the Nasdaq earlier this week after completing its $24 billion merger with a blank-check company backed by Wall Street dealmaker Michael Klein.</p>\n<p>Blank-check vehicles, or special purpose acquisition companies, use the capital they raise through their initial public offerings to buy and merge with a private company, in a deal that then takes it public.</p>\n<p>Allego will be listed on the New York Stock Exchange under the ticker symbol \"ALLG.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPAQ":"HORIZON KINETICS SPAC ACTIVE ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154092640","content_text":"July 28 (Reuters) - European electric vehicle charging company Allego will go public through a merger with a blank-check firm backed by private equity giant Apollo Global Inc , in a deal valuing the equity of the combined company at $3.14 billion.\nThe deal with Spartan Acquisition Corp III announced on Wednesday will generate proceeds of $702 million, with $150 million coming from a private investment in public equity (PIPE) transaction.\nInvestors in the PIPE deal include British investor Ian Osborne's Hedosophia, funds and accounts managed by private equity firm ECP, EV company Fisker Inc and affiliates of Apollo.\nThe funds will used to execute the combined entity's expansion plans, Allego said.\nFounded in 2013, Allego was acquired by asset manager and global investor Meridiam in 2018. It has deployed more than 26,000 charging ports across 12 European countries.\nDemand for companies in the EV space has surged in recent years, fueled in part by a green push globally. Lucid Group Inc\nstarted trading on the Nasdaq earlier this week after completing its $24 billion merger with a blank-check company backed by Wall Street dealmaker Michael Klein.\nBlank-check vehicles, or special purpose acquisition companies, use the capital they raise through their initial public offerings to buy and merge with a private company, in a deal that then takes it public.\nAllego will be listed on the New York Stock Exchange under the ticker symbol \"ALLG.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":423,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/801481317"}
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