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Charge Enterprises, Inc. (CRGE) is a leading electric vehicle (EV) charging, electrical, and broadband infrastructure company based in New York. The company offers end-to-end project management services, from design and installation to monitoring and maintenance. Charge focuses on providing innovative infrastructure solutions to clients, including automotive fleet operators, real estate owners, and government entities. Recent partnerships with major players like Ford, Stellantis, Eaton, and Autel demonstrate Charge's commitment to growth and industry leadership. With approximately 62,000 charging stations in the U.S. compared to 168,000 gas stations, Charge is uniquely positioned to capitalize on the growing EV market. The recent recapitalization led by Arena Investors, LP, aims to support Charge's expansion and drive profitability. Scott Haeger, a seasoned executive, has been appointed as the interim CEO to steer Charge towards sustainable growth and success.
Charge Enterprises Inc. (OTC PINK:CRGE) has successfully acquired ANS Advanced Network Services, enhancing its capabilities in telecommunications and infrastructure. This transaction, announced on May 13, 2021, marks a strategic expansion for Charge, which focuses on DC power installation and telecommunications services. Established in 1991, ANS has a strong presence across the U.S., providing high-quality engineering and installation services. This acquisition is expected to bolster Charge's market position and service offerings in the telecom sector.
Charge Enterprises Inc. (OTC PINK:CRGE) announced $16.5 million in debt financing from an institutional investor to acquire ANS Advanced Network Services. This acquisition enhances its telecommunications services, specifically DC power installation and 5G capabilities. The financing comprises $5.5 million convertible at $3 per share and $11.5 million in a senior secured note at 7.5% interest, maturing in 18 months. Additionally, warrants to purchase 1,870,000 shares at $4 each were issued. This strategic move underlines Charge's commitment to expanding its operational scope in telecommunications.
Charge Enterprises Inc. (OTC PINK:CRGE) announced a definitive agreement to acquire ANS Advanced Network Services, enhancing its EV charging installation solutions and expanding its 5G infrastructure strategy. The acquisition aims to leverage ANS's expertise to scale Charge's infrastructure capabilities while integrating EV charging services. ANS has a strong U.S. presence and a history of serving telecommunications and government sectors. The transaction is expected to close by the end of Q2 2021, pending certain conditions.
Charge Enterprises Inc. (OTC PINK:CRGE) will present at the Planet MicroCap Showcase: VIRTUAL on April 22, 2021, at 10:30 AM EST. The Founder and CEO, Andrew Fox, will lead the presentation, which will also include a Q&A session for investors. Attendees can access the live presentation via the provided webcast link, and a replay will be available on Charge's website afterward. The event will also allow for 1-on-1 meetings with investors through a secure video platform. For more details, visit the Planet MicroCap Showcase website.
Charge Enterprises Inc. (OTC PINK:CRGE) has announced significant developments for its shareholders. The company signed a non-binding letter of intent to acquire a telecommunications and DC power installation services provider, bolstering its infrastructure capabilities for EV charging stations. This acquisition could expand Charge’s market share significantly, as the U.S. requires approximately 13 million EV charging stations over the next decade. Additionally, the company has filed an S-1 to become a reporting entity, moving towards an uplisting. However, previously planned acquisitions in the transportation sector have been abandoned.
Charge Enterprises, Inc. (CRGE) announces CEO Andrew Fox's participation in the upcoming Q1 Virtual Investor Summit from March 23-25, 2021. Fox will present on March 23 at 2:00 PM ET. The Investor Summit aims to connect smallcap and microcap companies with over 300 investors, featuring 100 companies. Registration for investors is complimentary. Charge Enterprises, focused on connectivity in communications and micro-mobility infrastructure, recently rebranded from TransWorld Holdings in January 2021.
Charge Enterprises Inc. (OTC PINK:CRGE) announces participation in key investor events. Founder and CEO Andrew Fox will present at the Virtual 33rd Annual Roth Conference from March 15-17, 2021, and at the MoneyShow Virtual Expo on March 17, 2021, at 11:20 PM ET. Interested parties can arrange 1x1 meetings via Roth representatives. Recordings of the presentations will be available on Charge's website and MoneyShow.com. Charge focuses on communications, infrastructure, and charging solutions through its two divisions: Charge Communications and Charge Infrastructure.
Charge Enterprises Inc. (OTC PINK:CRGE) appointed Benjamin Carson Jr. to its board of directors. Carson, Chairman of Interprise Partners, brings extensive experience in investing and infrastructure. His role is expected to enhance Charge's growth in the infrastructure sector. Carson has co-founded minority-owned private equity firms and holds a degree from Tufts University. His involvement is anticipated to provide fresh perspectives as Charge strengthens its position in communications and infrastructure, particularly in electrification.
Charge Enterprises Inc. (OTC PINK:CRGE) has signed a non-binding letter of intent to acquire a telecommunications and DC power installation service provider. Funding for the transaction is backed by existing investors, pending definitive agreements. This acquisition aims to enhance Charge's Infrastructure Division, enabling them to offer comprehensive EV charging solutions. The management believes this strategic move will position Charge as a leader in the EV installation market and expand their capabilities to serve major telecommunications and government clients.
Charge Enterprises Inc. (OTC PINK: CRGE) has announced a presentation by Founder and CEO Andrew Fox at the Accredited Investors Virtual Expo on March 3, 2021, at 1:35 PM ET. Interested parties can register for the event here. The presentation will later be available for replay on the company's website. Charge Enterprises operates through three divisions: Charge Communications, Charge Infrastructure, and Charge Transport, focusing on communications, infrastructure solutions, and delivery systems. For more details, visit Charge Enterprises.
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