Allego, a Leading Pan-European EV Charging company, to Become a Publicly Traded Company through a Business Combination with Apollo-Affiliated Spartan Acquisition Corp. III
Allego has entered into a definitive agreement with Spartan Acquisition Corp. III (NYSE:SPAQ); upon closing, the combined company will trade on the NYSE under the symbol "ALLG".
The transaction will raise a total of $7021 million (assuming no redemptions), including $150 million from a fully committed PIPE, which will be used, among other things, to fund the combined company's expansion plans.
The PIPE is anchored by institutional investors, including Hedosophia and funds and accounts managed by ECP as well as strategic partners, including Fisker and Landis+Gyr. Funds managed by affiliates of Apollo Global Management, Inc., as sponsor behind Spartan Acquisition Corp. III, and Meridiam
