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EVgo Services (Climate Change Crisis Real Impact I Acquisition) Priced, NYSE: EVGO

Blank check company formed by PIMCO and industry veterans targeting climate change-fighting sectors (completed 7/1/2021).

Industry: SPAC

First Day Return: +0.5%

Industry: SPAC

We are a newly formed blank check company. The PIMCO private funds, part of our sponsor group, are managed by PIMCO, one of the world's premier fixed income investment managers. Our business strategy is to identify, acquire and maximize the value of a company operating in a climate sector (i.e. Avoided Carbon, Distributed generation, US renewable energy). Our management team, in partnership with the PIMCO private funds, has an extensive network of relationships that supports our capability to partner with public and private companies, as well as with large financial sponsors. This network includes senior executives, investment bankers, venture capital firms, various investment professionals and owners of private businesses. We further believe that PIMCO's active investment platform across North America will provide us with an advantage in accessing business combination targets, as well as deep insights into macro trends, investor expectations and market sentiment. The metrics of fighting climate change are simple: avoid making a bad situation worse by dramatically reducing or eliminating new carbon emissions into the atmosphere or remove carbon already in the atmosphere. The metrics of fighting climate change profitably are also pretty simple: invest in companies that have found competitive advantage in providing low to no carbon products and services on price and other terms superior to the more carbon intensive alternative.
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EVgo Services (Climate Change Crisis Real Impact I Acquisition) (EVGO) Performance