Allego (NYSE:ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced that it has completed the voluntary delisting of its ordinary shares (the "Shares") from the New York Stock Exchange ("NYSE") following the conclusion of the previously announced tender offer by Madeleine Charging B.V., Allego's majority shareholder. Allego filed Form 25 with the U.S. Securities and Exchange Commission ("SEC") on August 12, 2024, relating to the delisting of the Shares in accordance with Rule 12d2-2 declared under the Securities Exchange Act of 1934, as amended. Today, August 22, 2024, is the last trading day of the Shares on the NYSE. As Allego trans

Allego (NYSE:ALLG), a leading pan-European electric vehicle network, announces the grant of a €20 million loan from the European Bank for Reconstruction and Development (EBRD) as part of the CROSS-E project co-funded by the European Union. This financial support will support Allego's strong development of EV-charging infrastructure inside Poland as part of the company's ongoing Eastern European expansion project. Electric vehicle adoption in Poland, which ranks among the lowest in Europe in terms of EV charging penetration, can only be fostered through a robust and fully functional EV charging infrastructure. This initiative promotes the broad availability of efficient and dependable elec

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading provider of electric vehicle charging solutions, today announced that it has commenced the process to voluntarily delist its ordinary shares (the "Shares") from the New York Stock Exchange ("NYSE") following the completion of the previously announced tender offer by Madeleine Charging B.V., Allego's majority shareholder. The Company intends to file a Form 25 with the U.S. Securities and Exchange Commission ("SEC") on August 12, 2024, relating to the delisting of the Shares, in accordance with Rule 12d2-2 promulgated under the Securities Exchange Act of 1934, as amended, which delisting is expected to take effect ten days there

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading provider of electric vehicle charging solutions, and Madeleine Charging B.V., Allego's majority shareholder ("Meridiam"), jointly announced today the expiration and final results of Meridiam's previously announced cash tender offer for all the issued and outstanding ordinary shares of Allego (the "Shares") not owned by Meridiam or its affiliates (the "Offer"). The Offer expired one minute after 11:59 p.m., New York City time, on July 31, 2024 and was not extended. A total of 38,718,988 Shares were properly tendered and not withdrawn, and Meridiam has accepted for purchase all such Shares. As a result of completion of the Offer

Allego and Meridiam have entered into a definitive agreement pursuant to which Meridiam will launch a tender offer for all issued and outstanding ordinary shares of Allego not owned by Meridiam or its affiliates, followed by Allego's voluntarily delisting of its ordinary shares from the New York Stock Exchange after completion of the offer The tender offer price of USD 1.70 per ordinary share in cash, without interest represents a premium of 131% to Allego's closing price of USD 0.74 on 14 June 2024 Shareholders that do not elect to tender their ordinary shares will remain investors in the delisted Company Neither the tender offer nor the completion of the other parts of the trans

Electric Vehicle Caravan to Disprove Skeptics Who Doubt Long-Distance Journey with EVs The trip from Sjællandsringen, Denmark, to Le Mans, France, is 3200 km, back and forth. The trip includes 50 electric vehicles, including an electric truck, with approximately 120 participants from six countries. The trip crosses four countries and is expected to save 17 tons of CO2. Allego (NYSE:ALLG) proudly announces its sponsorship of the iconic Le Mans 2024 Road Trip. This pioneering expedition will see 50 electric cars and an electric truck embark on a historic 1600 km journey from FDM Sjællandsringen, Denmark, to the well-known 24-hour race in Le Mans, France, on June 12, 2024. This pr

Seasoned financial executive to bring decades of experience in the industrial sectors to a leading provider of electric vehicle charging solutions Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading provider of electric vehicle charging solutions, is pleased to announce the appointment of Steven Salo as the Company's new Chief Financial Officer (CFO), effective July 1st, 2024. Steven brings extensive experience in financial leadership, strategic planning, and corporate development to Allego. Born in the UK, Steven went on to study in Australia, graduating from Deakin University, Melbourne, with a Bachelor of Commerce and from Finsia with a Masters of Applied Finance and Inves

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG) announces that on May 16, 2024, it filed with the Securities and Exchange Commission its Annual Report on Form 20-F that included audited financial statements for the year ended December 31, 2023. The Company's Annual Report on Form 20-F is available online at the Company's website at www.allego.eu and also online at www.sec.gov. Shareholders have the ability to receive a hard copy of the Company's complete audited financial statements, free of charge, through an email request sent to [email protected]. About Allego Allego is a leading electric vehicle charging solutions provider dedicated to accelerating the transition to electric

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced that it has received written notice dated March 14, 2024 from the New York Stock Exchange ("NYSE") indicating that the Company is not in compliance with Section 802.01C of the NYSE's continued listing standards because the average closing price of Allego's ordinary shares was less than US$1.00 over a consecutive 30 trading-day period. Under the NYSE's rules, the Company has six months following receipt of the notice to regain compliance with the minimum share price requirement. The Company can regain compliance at any time during the cur

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will postpone its fourth quarter and full year 2023 financial results conference call and confirms that it will provide that information in connection with the filing of its Form 20-F on or prior to the April 30, 2024 deadline. Allego had previously announced it would report its financial results before the market opens on April 2, 2024, with a conference call taking place at 8:30 a.m. Eastern Time. About Allego Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electri

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will postpone its fourth quarter and full year 2023 financial results conference call and confirms that it will provide that information in connection with the filing of its Form 20-F on or prior to the April 30, 2024 deadline. Allego had previously announced it would report its financial results before the market opens on April 2, 2024, with a conference call taking place at 8:30 a.m. Eastern Time. About Allego Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electri

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will release the Company's fourth quarter and full year 2023 results on Tuesday, April 2, 2024, followed by a conference call at 8:30 AM ET. Participants may access the call at 1-877-407-9716, international callers may use 1-201-493-6779 and request to join the Allego earnings call. A live webcast will also be available at https://ir.allego.eu/events-publications. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, April 16, 2024. Participants may access the replay at 1-844-5

Third quarter 2023 revenue increased 28.2% to €28.6 million, compared to €22.3 million in the prior year period. Third quarter 2023 charging revenue increased 53.0% to €22.0 million, compared to €14.4 million for the three months ended September 30, 2022. Gross profit increased to €5.4 million compared to €(4.6) million in the prior-year-period; gross margin during the quarter was 18.9%. Third quarter 2023 net loss was €(43.1) million, compared to €(22.1) million in the prior-year period; Operational EBITDA was €2.6 million reflecting higher charging revenue and improved charging gross margin compared to the prior-year period loss of €(3.1) million. Allego recently signed two p

Allego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will release the Company's third quarter 2023 results on Tuesday, November 14, 2023, followed by a conference call at 8:00 AM ET. Participants may access the call at 1-844-826-3033 , international callers may use 1-412-317-5185 and request to join the Allego earnings call. A live webcast will also be available at https://ir.allego.eu/events-publications. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, November 28, 2023. Participants may access the replay 1-844-512-2921, i

First half 2023 revenue increased 34.6% to €68.2 million, compared to €50.7 million in the prior year period. First half 2023 charging revenue was up by €27.1 million, or 113.1%, to €51.1 million compared to €24.0 million for the six months ended June 30, 2022. First half 2023 net loss was €(38.9) million, compared to €(247.1) million in the prior-year period. Operational EBITDA was €11.7 million increasing steadily compared to the prior-year period loss of €(1.5) million. Allego entered into a long-term agreement with Esso Deutschland through 2028 to sell compliance credits for a potential total value of up to €185 million. In a first-of-its-kind collaboration, Allego is pa

Allego Holding B.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European electric vehicle public charging network, today announced it will release the Company's first half and second quarter 2023 results on Tuesday, August 15, 2023, followed by a conference call at 8:30 AM ET. Participants may access the call at 1-877-407-9716, international callers may use 1-201-493-6779 and request to join the Allego earnings call. A live webcast will also be available at https://ir.allego.eu/events-publications. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, August 29, 2023. Participants may access the replay 1-844-512-2921, in

First quarter 2023 revenue increased 27.4% to €38.8 million, compared to the prior year period of €30.5 million. Charging revenue was up 166.7% to €27.8 million compared to €10.4 million for the three months ended March 31, 2022. First quarter 2023 net loss was €(13.2) million compared to €(351.0) million during the first quarter of 2022. Robust operating momentum drove operational EBITDA of €8.9 million in Q1 2023 versus €1.5 million in the prior year period. First quarter 2023 total energy sold was 49.4 gigawatt-hour (GWh), an increase of 53.8% over the prior-year period. This energy translates in 247 million km driven and 39,000 tons of CO2 saved. Strong roll-out momentum

Allego Holding B.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European electric vehicle public charging network, today announced it will release the Company's first quarter 2023 results on Monday, June 5, 2023, followed by a conference call at 8:30 AM ET. Participants may access the call at 1-877-407-9716, international callers may use 1-201-493-6779 and request to join the Allego earnings call. A live webcast will also be available at https://ir.allego.eu/events-publications. A telephonic replay of the call will be available shortly after the conclusion of the call and until Monday, June 19, 2023. Participants may access the replay 1-844-512-2921, international callers may

Fourth quarter 2022 revenue increased 10.7% over the prior year period to €60.9 million. Fourth quarter 2022 net loss was €(40.0) million compared to €(95.9) million during the fourth quarter of 2021. Operational EBITDA1 in Q4 2022 reached €7.8 million versus €14.8 million in the year ago period. Fourth quarter 2022 average utilization rate2 increased to 6.7 sessions per day per ultrafast charger (13.4%) from 3.7 sessions (7.4%) in the prior-year period. Full-year 2022 total energy sold was 154.6 gigawatt-hour (GWh), an increase of 86.8% over the prior-year period. Full-year 2022 total number of charging sessions was 7.4 million for Allego's own network, 70.6% higher than th

Allego Holding B.V. ("Allego" or the "Company") (NYSE:ALLG), a leading pan-European electric vehicle public charging network, today announced it will release the Company's fourth quarter and full year 2022 results after market closes on Tuesday, May 16, 2023, followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-407-9716, international callers may use 1-201-493-6779 and request to join the Allego earnings call. A live webcast will also be available at https://ir.allego.eu/events-publications. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, May 30, 2023. Participants may access the replay 1-844

U.S. stocks traded mixed this morning, with the Nasdaq Composite edging lower on Tuesday. Following the market opening Tuesday, the Dow traded up 0.25% to 38,875.50 while the NASDAQ fell 0.12% to 17,836.13. The S&P 500 also rose, gaining, 0.15% to 5,481.48. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields Leading and Lagging SectorsEnergy shares jumped by 1.6% on Tuesday. In trading on Tuesday, consumer discretionary shares fell by 0.4%. Top Headline U.S. retail sales rose 0.1% month-over-month in May compared to a revised 0.2% declined in April and missing market expectations of 0.2% gain. Equities Tradi

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite surging over 200 points on Monday. The Dow traded up 0.57% to 38,807.47 while the NASDAQ rose 1.22% to 17,904.35. The S&P 500 also rose, gaining, 0.95% to 5,483.45. Check This Out: Top 4 Risk Off Stocks That May Rocket Higher In Q2 Leading and Lagging SectorsConsumer staples shares jumped by 1.5% on Monday. In trading on Monday, real estate shares fell by 0.6%. Top Headline The NY Empire State Manufacturing Index rose to -6 in June versus a reading of -15.6 in May and coming in better than market expectations of -12.50. Equities Trading UP                        Mustang Bio, Inc. (NASDAQ:M

Shares of Ovid Therapeutics Inc (NASDAQ:OVID) dipped 65.7% to $1.1285 after Takeda’s Skyline study in Dravet syndrome missed its primary endpoint. Takeda Pharmaceutical Co Ltd (NYSE:TAK) announced topline data from its SKYLINE and SKYWAY Phase 3 studies of Soticlestat (TAK-935) for the treatment of Dravet syndrome (DS) and Lennox-Gastaut syndrome (LGS). AMMO shares dipped 19.1% to $2.0306 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Interactive Strength Inc. (NASDAQ:TRNR) shares climbed 148% to $7.07 after dipping 19% on Friday. Mustang Bio, Inc. (NASDAQ:MBIO) shares jumped 145% to $0.32 after the company announced safety and efficacy da

U.S. stocks traded mixed midway through trading, with the S&P 500 edging higher on Monday. The Dow traded up 0.08% to 38,618.63 while the NASDAQ rose 0.20% to 17,724.07. The S&P 500 also rose, gaining, 0.24% to 5,444.69. Check This Out: Top 4 Risk Off Stocks That May Rocket Higher In Q2 Leading and Lagging SectorsConsumer staples shares jumped by 0.4% on Monday. In trading on Monday, utilities shares fell by 1%. Top Headline The NY Empire State Manufacturing Index rose to -6 in June versus a reading of -15.6 in May and coming in better than market expectations of -12.50. Equities Trading UP                        Mustang Bio, Inc. (NASDAQ:MBIO) shares shot up 240% t

Allego (NYSE:ALLG) stock is moving higher Monday after its majority shareholder, Meridiam, announced a transaction framework agreement. The Details: Under the transaction framework agreement, Meridiam will launch a tender offer for all outstanding ordinary shares of Allego that are not owned by Meridiam or its affiliates. The tender offer price is $1.70 per share, representing a 131% premium. After the tender offer is completed, Allego will delist itself from the New York Stock Exchange. Investors that choose not to accept the tender offer will remain invested. Meridiam reaffirmed its long-term commitment to Allego including making available funds to develop, operate, and maintain c

U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Monday. Following the market opening Monday, the Dow traded down 0.34% to 38,456.60 while the NASDAQ rose 0.11% to 17,707.96. The S&P 500 also fell, dropping, 0.12% to 5,425.29. Check This Out: Top 4 Risk Off Stocks That May Rocket Higher In Q2 Leading and Lagging SectorsCommunication services shares jumped by 0.6% on Monday. In trading on Monday, industrials shares fell by 1%. Top Headline The NY Empire State Manufacturing Index rose to -6 in June versus a reading of -15.6 in May and coming in better than market expectations of -12.50. Equities Trading UP                     

Seasoned financial executive to bring decades of experience in the industrial sectors to a leading provider of electric vehicle charging solutionsAllego N.V. ("Allego" or the "Company") (NYSE:ALLG), a leading provider of electric vehicle charging solutions, is pleased to announce the appointment of Steven Salo as the Company's new Chief Financial Officer (CFO), effective July 1st, 2024.

U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of Spirit Airlines, Inc. (NYSE:SAVE) fell sharply during Monday's session as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), missing the consensus of $(1.45). Spirit Airlines shares dipped 9.8% to $3.3450 on Monday. Here are some other big stocks recording losses in today's session. EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) shares fell 37.7% to $12.29 after the company’s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified prima