08:11 AM EST, 12/17/2024 (MT Newswires) -- EVgo ( EVGO ) shares were down more than 21% in Tuesday's premarket activity, after it priced a previously announced secondary public offering of 23 million shares at $5.00 per share.

The offering is being made through EVgo Holdings, an affiliate of LS Power Equity Partners.

LS Power has granted underwriters a 30-day option to purchase up to 3.5 million additional shares, the company said.

EVgo ( EVGO ) said it is not selling any shares nor receiving proceeds from the offering, which is expected to close Wednesday.