Now with a strengthened balance sheet and ample access to capital, Charge looks ahead to continued business growthLongtime largest shareholder to become majority owner as Company's indebtedness is dramatically reduced, providing strong financial position for future growthUnder new leadership, Company will continue to capitalize on expanding its market-leading EV charging infrastructure capabilities and servicesNEW YORK, May 3, 2024 /PRNewswire/ -- Arena Investors, LP (and its affiliates, collectively, "Arena"), a global institutional asset manager with approximately $3.5 billion of invested and committed assets under management, today announced that it has recapitalized Charge Enterprises, I

Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today announced that on February 20, 2024, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that trading of its common stock will be suspended as of the opening of business on February 29, 2024 (the "Delisting Letter"). The Company had previously been notified by Nasdaq on August 22, 2023, that it was no longer in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price per share for the Company's Common Stock had closed below $1.00 for the previous 30 consecutive business days. The Company had applied for an

Charge Implementing Infrastructure to Advance Akins Ford's Electrification Objectives with 19 EV Charging Stations and Comprehensive Solar System, Resulting in 700,000 kW in Total Carbon Offset Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), a leading energy, electrical, broadband and EV charging infrastructure company, has been selected by Akins Ford – Georgia's largest volume Ford dealer and a top ten Ford U.S. dealership – for the turnkey engineering, procurement, and construction of 19 electric vehicle ("EV") charging stations and a 450 kW DC solar photovoltaic ("PV") system. Greenspeed Energy Solutions, LLC, a Charge Enterprises company, will start the project in

H.C. Wainwright initiated coverage of Charge Enterprises with a rating of Buy and set a new price target of $4.50

4 - Charge Enterprises, Inc. (0001277250) (Issuer)

4 - Charge Enterprises, Inc. (0001277250) (Issuer)

4 - Charge Enterprises, Inc. (0001277250) (Issuer)

EFFECT - Charge Enterprises, Inc. (0001277250) (Filer)

EFFECT - Charge Enterprises, Inc. (0001277250) (Filer)

EFFECT - Charge Enterprises, Inc. (0001277250) (Filer)

Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), a leading electrical, broadband and EV charging infrastructure company, has announced the expansion of its executive team with the appointment of Matthew Chee as Senior Vice President, Growth. In his expanded role, Chee, who has served as Charge's Vice President of Mergers and Acquisitions ("M&A") since joining the Company in 2020, will continue to leverage his 20 years of industry experience to drive growth for Charge. He will oversee all marketing and sales strategies, new business development, relationship and people management, internal sales, budget, and marketing reporting systems, along with his current M&A respons

Large shareholder urges Charge to take immediate action to address significant underperformance Believes changes announced by Charge on August 29, 2023 are insufficient for substantial value creationNEW YORK, Sept. 11, 2023 /PRNewswire/ -- Arena Investors, LP (and its affiliates, collectively, "Arena"), an institutional asset manager that, together with investment funds managed by it, is one of the largest beneficial owners of Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge"), today sent a letter to the Board of Directors of Charge (the "Board") to reiterate the urgent need for Charge to take decisive action to significantly enhance value for its shareholders.

Craig Denson appointed Interim Chief Executive Officer; draws on seasoned internal talent to propel long-term strategic vision and guide Company through leadership transition Company Founder, Andrew Fox resigns as Chief Executive Officer; stays on as board member Company announces new fundamental objectives, including development of strategic plan Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today announced that the Board of Directors of the Company (the "Board") has appointed Craig Denson, Charge's current Chief Operating and Compliance Officer, as Interim Chief Executive Officer, effective August 31, 2023. This appointment follows Andrew Fox's decision, ma

Highest Gross Profit to date of $9.0 million, representing a 48% year-over-year increase, driven by growth in the Infrastructure segment Third quarter revenues of $132.3 million, with 19% growth in the Infrastructure segment, offset by expected declines in the Telecommunications segment Efficiency improvements and skillset enhancements within the EV charging operation as part of the integration of Greenspeed Approximately $2 million of annualized people costs removed in conjunction with the integration of Greenspeed Infrastructure segment backlog of future revenues totaled $139 million at the end of the third quarter 2023 Reiterate first quarter 2024 and full year 2024 posit

Gross Profit grew 23% to $7.7 million, compared with the prior year period, driven by increases in the Infrastructure segment Second quarter revenues of $147.6 million; Infrastructure segment revenues increased 18%, compared with the prior year period Infrastructure segment backlog totaled $138.2 million at the close of the second quarter 2023 Reaffirms expected positive Adjusted EBITDA in the first quarter 2024 Recent acquisition of Greenspeed further solidifies the Company's focus on establishing itself as a go-to resource for customers needing EV charging support Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today reported second quarter 2023 results

Select Financial Highlights Increases Infrastructure Backlog of approximately $138 million as of June 30, 2023, by approximately $12 million, with EV infrastructure projects now representing 34% The transaction is expected to be accretive to both EBITDA and free cash flow in the first full year of ownership Strategic Highlights Broadens customer footprint and recurring revenue capabilities Expands Charge's in-house capability to self-perform work in 25 states Further solidifies EV infrastructure experience with visionary team, customers and technology Enhances auto dealership network and increases combined EV charging installation experience to over 600 chargers install

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