04:30 PM EST, 12/16/2024 (MT Newswires) -- EVgo Inc. ( EVGO ) said Monday that EVgo Holdings LLC, an affiliate of LS Power Equity Partners IV, plans to offer for sale in an underwritten public secondary offering 23 million shares of class A common stock of EVgo Inc. ( EVGO )

LS Power will give underwriters a 30-day option to buy up to an additional 3.45 million shares, EVgo ( EVGO ) said.

No shares are being sold by EVgo ( EVGO ), the company said, adding LS Power will receive all proceeds from the sale.

The company said the offering is subject to market conditions, and there is no assurance as to whether or when it may be completed, or as to its size or terms.

EVgo ( EVGO ) shares were falling past 13% in recent after-hours trading.