EVgo Receives Unsolicited Acquisition Proposal from LS Power

EVgo received an unsolicited, non-binding proposal from LS Power Equity Advisors and its affiliates to buy all EVgo Class A shares they do not already own for $2.00 per share in cash. LS Power currently holds approximately 56.81% of EVgo’s voting power. EVgo’s board is expected to review the proposal, with an independent special committee evaluating it.