EVgo Inc. Sees Ownership Change Filing

TL;DR

**EVgo Ownership Shakeup: Nanus & LS Power Group File 13D**

AI Summary

On October 18, 2024, EVgo Inc. filed an SC 13D, indicating a change in beneficial ownership. David Nanus, LS Power Equity Advisors LLC, LS Power Equity Partners IV, L.P., LS Power Fund IV GP, LLC, and LS Power Partners IV, LP are listed as group members. EVgo Inc. is the subject company, with its principal business address in Los Angeles, CA.

Why It Matters

This filing signals a potential shift in control or influence over EVgo Inc., which could impact its strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or significant stake-building, which may lead to volatility.

Key Players & Entities

• EVgo Inc. (company) — Subject Company
• David Nanus (person) — Group Member
• LS Power Equity Advisors LLC (company) — Group Member
• LS Power Equity Partners IV, L.P. (company) — Group Member
• LS Power Fund IV GP, LLC (company) — Group Member
• LS Power Partners IV, LP (company) — Group Member
• EVgo Member Holdings, LLC (company) — Filing Entity

FAQ

Key Financial Figures

• $0.0001 — (Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class of
• $4.25 — n Stock at the equity offering price of $4.25 per share. The Reporting Persons used
• $11.50 — of Common Stock at an exercise price of $11.50 per share (the “ Private Placemen
• $40 m — s having an aggregate value of at least $40 million, at the time of the Underwritten

Filing Documents

• tm2426534d1_sc13d.htm (SC 13D) — 468KB
• 0001104659-24-109978.txt ( ) — 470KB

Contracts, Arrangements,

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The information set forth in or incorporated by reference in Item 3 of this Schedule 13D is incorporated by reference in its entirety into this Item 6. Class B Common Stock As reported in a previously-filed Current Report on Form 8-K on July 8, 2021, on July 1, 2021, the Issuer entered into a business combination agreement (the “ Business Combination Agreement ”) by and among CRIS Thunder Merger LLC, EVgo OPCO, LLC (“ EVgo OpCo ”), a Delaware limited liability company and wholly-owned subsidiary of EVgo Holdings, LLC (“ EVgo Holdings ”) and EVgo Holdco, LLC, a Delaware limited liability company and wholly-owned subsidiary of EVgo OpCo (such transaction, the “ Business Combination ”). In connection with the Business Combination, EVgo Holdings, LLC (“ EVgo Holdings ”), a Delaware limited liability company and subsidiary of EVgo Member, acquired 195,800,000 shares of Class B Common Stock (together with the Class A Common Stock, “ Common Stock ”). The shares of Class B Common Stock are entitled to one vote per share and vote together with the shares of Class A Common Stock. The Issuer has the right to redeem each such share of Class B Common Stock for cash and, therefore, they are not deemed to be shares of Class A Common Stock for purposes of this Schedule 13D. Amended and Restated Registration Rights Agreement In connection with the Business Combination, the Issuer entered into a registration rights agreement (the “ Registration Rights Agreement ”) with EVgo Holdings and other initial stockholders (together with any person or entity who becomes a party to the Registration Rights Agreement, the “ Holders ”), pursuant to which the Issuer filed a registration statement on Form S-1, originally filed with the SEC on July 20, 2021 and declared effective on July 30, 2

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct. Dated: October 18, 2024 EVGO MEMBER HOLDINGS, LLC By: /s/ Jeffrey Wade Name: J effrey Wade Title: C hief Compliance Officer Dated: October 18, 2024 LS POWER EQUITY PARTNERS IV, L.P. By: LS Power Partners IV, LP, its general partner By: LS Power Fund IV GP, LLC, its general partner By: /s/ Jeffrey Wade Name: Jeffrey Wade Title: Chief Compliance Officer Dated: October 18, 2024 LS POWER PARTNERS IV, L.P. By: LS Power Fund IV GP, LLC, its general partner By: /s/ Jeffrey Wade Name: Jeffrey Wade Title: Chief Compliance Officer Dated: October 18, 2024 LS POWER FUND IV GP, LLC By: /s/ Jeffrey Wade Name: Jeffrey Wade Title: Chief Compliance Officer Dated: October 18, 2024 LS POWER EQUITY ADVISORS, LLC By: /s/ Jeffrey Wade Name: Jeffrey Wade Title: Chief Compliance Officer Dated: October 18, 2024 /s/ David Nanus David Nanus Exhibit 1 REGISTRATION RIGHTS AGREEMENT See attached. REGISTRATION RIGHTS AGREEMENT THIS REGISTRATION RIGHTS AGREEMENT (this “ Agreement ”), dated as of July 1, 2021, is made and entered into by and among EVgo Inc., a Delaware corporation f/k/a Climate Change Crisis Real Impact I Acquisition Corporation (the “ Company ”), Climate Change Crisis Real Impact I Acquisition Holdings, LLC, a Delaware limited liability company (the “ CRIS Sponsor ”), EVgo Holdings, LLC, a Delaware limited liability (“ EVgo Sponsor ”), and the undersigned parties listed under Holder on the signature pages hereto (each such party, together with the CRIS Sponsor, the EVgo Sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this Agreement, a “

View Full Filing

View this SC 13D filing on SEC EDGAR