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The company also disclosed an amendment to the warrant agreement on Tuesday. It set forth plans to exchange all remaining untendered Warrants at an exchange ratio of 0.207 Ordinary Shares per each Warrant by October 18, 2023. This decision will lead to no outstanding Warrants, resulting in their suspension from NYSE trading and subsequent delisting.
Despite the planned delisting of Warrants, Allego’s Ordinary Shares will continue trading on the NYSE under the ticker symbol ALLG. The entire process was conducted in accordance with the terms stipulated in the Prospectus/Offer to Exchange.
Allego is recognized as a provider of electric vehicle charging solutions and operates nearly 35,000 charging ports. Additionally, it owns the Allamo and EV Cloud software platforms which are key components in its operations.
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