What will happen to the CLII SPAC stock after the merger?
· Climate Change Crisis Real Impact I Acquisition Corporation (NYSE:CLII) stock is on the rise after announcing plans to take EVgo public via a special purpose acquisition company (SPAC) merger ...
Who sold CLII stock?
· InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Climate Change Crisis Real Impact I Acquisition Corporation (NYSE:CLII) stock is on the rise after announcing …
What does EVgo’s merger with CLII mean for investors?
· 1 analysts have issued 12 month price objectives for Climate Change Crisis Real Impact I Acquisition's shares. Their forecasts range from $21.00 to $21.00. On average, they …
What happens to stock prices after a cash merger?
· EVgo is going public via a SPAC called CLII (Climate Change Crisis Real Impact I Acquisition). The business combination is expected to be completed in the second quarter of …
Will CLII convert to EVgo?
Concurrent with the completion of its business combination, CLII has changed its name from "Climate Change Crisis Real Impact I Acquisition Corporation" to "EVgo Inc." Commencing at the open of trading on July 2, 2021, EVgo Inc.'s Class A common stock and EVgo Inc.'s warrants are expected to commence trading on The ...
Should I buy stock in EVgo?
In short, EVgo is progressing well and has immense growth potential, considering the increase in EVs and the rising demand for charging infrastructure. However, the stock is suitable only for investors with a high appetite for risk.
Is CLII a SPAC?
CLII is a special-purpose acquisition company ("SPAC") formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis.
Is EVgo going public?
EVgo shares went public on July 2. Any company that goes public via an initial public offering (IPO) sets up a lockup period to restrict insiders from selling their shares.
What is the future of EVgo stock?
Stock Price Forecast The 10 analysts offering 12-month price forecasts for EVgo Inc have a median target of 14.00, with a high estimate of 21.00 and a low estimate of 9.00. The median estimate represents a +59.45% increase from the last price of 8.78.
Is EVgo a buy sell or hold?
EVgo has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.
What does CLII do?
CLII is a special-purpose acquisition company (“SPAC”) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis.
What company owns EVgo?
LS Power Development, LLCEVgo / Parent organizationLS Power and EVgo management, who together owned 100% of EVgo prior to the business combination, have rolled 100% of their equity, and own approximately 74% of the combined company.
What was EVgo SPAC?
EVgo is one of five EV-charging companies that have taken the SPAC route to raise capital and go public. ChargePoint (CHPT) is the most valuable with a market capitalzation of about $10 billion, based on its fully diluted share count.
Why is EVgo stock so low?
Stock in electric vehicle charging company EVgo EVGO –5.63% is down after the company reported better- than-expected fourth-quarter sales. The guidance for 2022 looks to be just short of what Wall Street, and the company, expected.
Why has EVgo stock dropped?
EVgo fast-charging stations in Los Angeles. Stock in electric-charging equipment provider EVgo EVGO –5.63% was falling after the company blew away Wall Street' third-quarter earnings expectations. The drop following earnings actually is a good result, even for bullish investors.
What is a SPAC stock?
Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock. SPACs are also known as blank check companies.
Why are EVgo stocks dropping?
Shares of electric-vehicle charger EVgo slipped as much as 16.5% on Monday after Credit Suisse downgraded the stock to a neutral rating, saying upside from the congressional infrastructure bill is priced in.
Why is EVgo stock price down?
Stock in electric vehicle charging company EVgo EVGO –5.63% is down after the company reported better- than-expected fourth-quarter sales. The guidance for 2022 looks to be just short of what Wall Street, and the company, expected.
What is Nio price target?
NIO Inc (NYSE:NIO) The 28 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.87, with a high estimate of 81.95 and a low estimate of 22.80. The median estimate represents a +94.74% increase from the last price of 15.85.
Is ChargePoint a good stock to buy?
As a leading EV charging company, ChargePoint is among the most well-placed to benefit from the ongoing growth in EVs. However, it faces some serious risks. The company isn't profitable yet, and its profitability depends on the success of its growth plan.
Is Climate Change Crisis Real Impact I Acquisition a buy right now?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Climate Change Crisis Real Impact I Acquisition in the last year. There ar...
What price target have analysts set for CLII?
1 equities research analysts have issued 12 month price targets for Climate Change Crisis Real Impact I Acquisition's shares. Their forecasts range...
Who are Climate Change Crisis Real Impact I Acquisition's key executives?
Climate Change Crisis Real Impact I Acquisition's management team includes the following people: Mr. David W. Crane , CEO & Director (Age 62) Mr...
Who are some of Climate Change Crisis Real Impact I Acquisition's key competitors?
Some companies that are related to Climate Change Crisis Real Impact I Acquisition include Halfords Group (HLFDY) , Schaeffler (SCFLF) , Standar...
What is Climate Change Crisis Real Impact I Acquisition's stock symbol?
Climate Change Crisis Real Impact I Acquisition trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLII."
What is Climate Change Crisis Real Impact I Acquisition's stock price today?
One share of CLII stock can currently be purchased for approximately $11.09.
How much money does Climate Change Crisis Real Impact I Acquisition make?
Climate Change Crisis Real Impact I Acquisition has a market capitalization of $255.07 million.
What is Climate Change Crisis Real Impact I Acquisition's official website?
The official website for Climate Change Crisis Real Impact I Acquisition is www.climaterealimpactsolutions.com .
How can I contact Climate Change Crisis Real Impact I Acquisition?
The company can be reached via phone at 212-847-0360 or via email at 0 .
When did EVGO merge with CLII?
CLII-EVgo merger date. The CLII SPAC and EVgo announced their merger agreement on Jan. 22. They aim to close the transaction by the end of June 2021. The blank-check company raised $230 million in its September 2020 IPO. It raised an additional $400 million through PIPE transactions, which drew institutional investors like BlackRock, Pimco, ...
Who is EVGO partnering with?
EVgo partnered with Uber and Lyft to charge electric cars in their ride-sharing fleet.
Is Chargepoint a competitor of Evgo?
Chargepoint is Evgo’s major competitor. The others are Blink Charging (BLNK), and Beam Global (BEEM). Chargepoint also went public through a SPAC deal. Its post-merger stock started trading on Mar. 1 and fell by more than 7 percent on its first trading day.
About Climate Change Crisis Real Impact I Acquisition
As of July 1, 2021, Climate Change Crisis Real Impact I Acquisition Corporation was acquired by EVgo, Inc., in a reverse merger transaction. Climate Change Crisis Real Impact I Acquisition Corporation does not have significant operations. It focuses on the electric vehicle charging business.
3.5 Analyst's Opinion
Climate Change Crisis Real Impact I Acquisition has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Is Climate Change Crisis Real Impact I Acquisition a buy right now?
1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Climate Change Crisis Real Impact I Acquisition in the last year. There are currently 1 buy rating for the stock.
What price target have analysts set for CLII?
1 Wall Street analysts have issued 1 year price objectives for Climate Change Crisis Real Impact I Acquisition's shares. Their forecasts range from $21.00 to $21.00. On average, they expect Climate Change Crisis Real Impact I Acquisition's stock price to reach $21.00 in the next twelve months.
Who are some of Climate Change Crisis Real Impact I Acquisition's key competitors?
Some companies that are related to Climate Change Crisis Real Impact I Acquisition include Bird Global (BRDS), Vroom (VRM), REE Automotive (REE), Douglas Dynamics (PLOW), Wabash National (WNC), Velodyne Lidar (VLDR), Hyliion (HYLN), Latch (LTCH), Volta Inc - Class A (VLTA), SPARTAN Acquisition CORP.
What is Climate Change Crisis Real Impact I Acquisition's stock symbol?
Climate Change Crisis Real Impact I Acquisition trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLII."
What is Climate Change Crisis Real Impact I Acquisition's stock price today?
One share of CLII stock can currently be purchased for approximately $9.84.
How many founder shares are in CLII?
Out of the 5.75 million founder shares for CLII, 4.3125 million are subject to a 1 year lock-up with an early release clause if certain stock price thresholds are met. The remaining 1.4375 million founder shares are subject to potential forfeiture if certain price thresholds are not met within 5 years following the closing of the business combination.
How much revenue will EVGO see in 2027?
Starting from a slightly depressed base due to COVID-19 of $14 million for 2020, EVgo estimates that they will see $1.289 billion in revenue by 2027.
Who is the lead financial advisor for EVGO?
Credit Suisse is serving as lead financial advisor and capital markets advisor to EVgo and also acted as joint lead placement agent on the PIPE
How much of EVGO will be owned by Pipe?
Alongside the 74.4% ownership from existing EVgo shareholders, the PIPE investors will own 15.2% , CLII shareholders will own 8.7%, and CLII founders will own 1.6% at closing.
How much will the TWH demand grow by 2040?
Total TWh demand expected to grow 30x by 2030 and 100x by 2040 for electrification of vehicles
What happens to shareholders in a merger?
A corporate merger can result in a variety of actions for shareholders. In many cases, shareholders will receive stock, cash, or a combination of the two.
What happens when a company merges with a company?
Some stock mergers result in a new entity. For example, companies X and Y could merge to form NewCo, with X and Y shareholders receiving NewCo shares based on their prior holdings. Merger agreements sometimes give shareholders a choice of receiving stock, cash or both. For example, X could offer Y shareholders the option of receiving $20 in cash, one X share for every two Y shares they now hold, or a combination of $10 in cash and 0.33 X shares for each Y share.
What is reverse merger?
A reverse merger is when a public company -- usually operating as a shell company with limited operations -- acquires a private company, which secures access to the capital markets without having to go through an expensive initial-public-offering process. The acquired company's shareholders and management exchange their shares for a controlling interest in the public company, hence the terms "reverse merger" or "reverse takeover."
What is merger in business?
Mergers are combinations involving at least two companies. The result of a merger could be the dissolution of one of the legacy companies and the formation of a brand new entity. The boards of the companies involved must approve any merger transaction.
What does the price of X and Y stock reflect?
The share prices immediately following the merger announcement usually reflect the exchange ratio , fears of dilution and prospects for a smooth integration. If X and Y shares are trading at $20 and $8 pre-merger, respectively, X shares may drop to $18 after the merger announcement because of dilution fears, and Y shares may rise to $9 to reflect the exchange ratio .
Do you need shareholder approval for a merger?
State laws may also require shareholder approval for mergers that have a material impact on either company in a merger. Stockholders may receive stock, cash or a combination of cash and stock during a merger.
Will the price of X share rise after a merger?
However, the X share price could initially fall if investors are unconvinced about the strategic value of the merger. After the companies merge, Y shareholders will receive $22 for each share they hold and Y shares will stop trading.
What happens to stockholders in a merged company?
Stockholders in a merged company are no longer minority owners of just one company but now have voting power over the combined entity. This typically means that their impact on corporate decisions, such as board members and CEO selection, will increase which may not be favored by all shareholders if there is disagreement or confusion about who should lead the new corporation.
What is a cash for stock merger?
The cash-for-stock merger is the most common type of merger . In a cash-for-stock transaction, one company (the acquirer) pays a sum in cash to buy shares from another company and then becomes that other company’s majority shareholder. The process can be broken down into three steps:
What happens when a company is acquired and has more shares?
When a merger or acquisition takes place, the equalization effect will typically happen when the company being acquired has more shares outstanding. The acquiring company’s stockholders are usually given a fixed number of new shares to maintain their percentage ownership stake (exact ratio varies by deal).
How does merger affect consumers?
Merging can also affect consumers in some ways! They might benefit by allowing the possible connection between the two companies to provide a better service, but they might also be affected by the number of choices and prices that are available.
How does a merger benefit shareholders?
A merger can be beneficial for both shareholders and consumers depending on who’s at play here! The merging companies might benefit by being able to share resources more efficaciously or they may have trouble competing with other bigger players in the industry so this is seen as a way for them to stay afloat when they otherwise wouldn’t be able to do so easily.
What is the difference between merger and acquisition?
In a merger, two companies become one and combine their assets while in an acquisition, the acquiring company purchases all of the shares from another company to control it outright.
How many shares of a company will be equal to 600?
When stocks from two merging companies come together, stockholders of each company must decide whether to keep shares of both or pick just one. If you’re holding 300 shares of Company A before acquisition with 200 shares of Company B at $100 per share then your holdings will equal 600 total after the merger is finalized ($300 worth of Company A and 400 worth on Company B).