XML 46 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2021
Business Acquisition [Line Items]  
Schedule of voting interest upon completion of CRIS business combination

(in thousands)

Shares

%

Stockholder

EVgo Holdings (LS Power)1

195,800

74%

CRIS's Class A stockholders

22,987

9%

PIPE Investors

40,000

15%

CRIS's converted founder shares

5,750

2%

Closing Class A and B shares

264,537

100%

Summary of net cash received upon closing of business combination

(in thousands)

Gross proceeds from PIPE

$

400,000

Gross proceeds from CRIS

230,180

Less transaction costs

 

(58,147)

Less redemptions

(132)

$

571,901

Recargo Inc [Member]  
Business Acquisition [Line Items]  
Schedule of preliminary fair values of assets acquired and liabilities assumed

Recargo

Acquisition Date

(in thousands)

    

Fair Value

Current assets

 

  

Cash

$

1,943

Accounts receivable

 

605

Prepaid expenses and other current assets

 

76

Total current assets

 

2,624

Restricted cash

300

Property and equipment

 

678

Intangible assets

 

14,300

Other assets

 

70

Total assets

17,972

Current liabilities

 

  

Accounts payable

 

84

Accrued expenses

 

769

Deferred revenue, current

 

543

Total current liabilities

 

1,396

Capital-build liability

 

480

Asset retirement obligations

 

32

Total liabilities

 

1,908

Net assets acquired

16,064

Consideration paid

25,005

Goodwill recognized

$

8,941

Schedule of pro forma consolidated revenue and net loss

Successor

Predecessor

January 16,  

January 1,

Year Ended

2020 Through 

2020 Through 

December 31, 

December 31, 

January 15, 

(in thousands)

2021

2020

  

2020

Pro forma revenue

$

23,150

$

13,765

 

$

1,552

Pro forma net loss

$

(60,539)

$

(53,312)

$

(715)

Merger agreement with EVGo Services [Member]  
Business Acquisition [Line Items]  
Schedule of preliminary fair values of assets acquired and liabilities assumed

Holdco Merger Date

(in thousands)

    

Fair Value

Current assets

 

  

Cash

$

257

Accounts receivable

 

1,714

Accounts receivable, capital build

 

94

Prepaid expenses and other current assets

 

4,662

Total current assets

 

6,727

Property and equipment

 

63,889

Intangible assets

 

76,200

Other assets

 

797

Total assets

147,613

Current liabilities

 

  

Accounts payable

 

2,169

Accrued expenses

 

6,752

Deferred revenue, current

 

1,461

Customer deposits

 

4,069

Other current liabilities

 

29

Total current liabilities

 

14,480

Deferred revenue, noncurrent

 

3,516

Capital-build liability, NEDO buyout

 

628

Capital-build liability, excluding NEDO buyout

 

9,578

Asset retirement obligations

 

6,862

Other liabilities

 

150

Total liabilities

 

35,214

Net assets acquired

$

112,399

Schedule of pro forma consolidated revenue and net loss

Successor

Predecessor

January 16,  

January 1,

2020  

2020  

Through 

Through 

December 31,

January 15, 

(in thousands)

2020

2020

Pro forma revenue

$

13,049

$

1,526

Pro forma net loss

(48,668)

(890)