BUZZ-EVgo stock surges due to LS Power's acquisition offer

November 2 - ** Shares of electric vehicle charging company EVgo (EVGO.O) rose 45.2% in pre-market trading to $1.83.

** If the rally holds, the stock is set for its biggest single-day gain since October 2024.

** U.S. Securities and Exchange Commission (SEC) filings show that private company LS Power Equity Advisors will acquire EVgo (link).

** LS Power holds about 178 million shares of EVGO, representing 56% of voting securities.

** The proposed deal values EVGO at $2 per share in cash.

** As of the previous trading session’s close, the stock was down 56.7% year-to-date.

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