Charge Enterprises, Inc. (CRGE) consists of a portfolio of global businesses with a vision to build the electrification and telecommunications infrastructure by providing seamless end-to-end solutions for EV charging infrastructures and 5G wireless intelligent networks. The company aims to address and service requirements for EVC and WNI which includes 5G, tower, distributed antenna systems (“DAS”), small cell, and electrical infrastructure. CRGE operates across two key business segments: Telecommunications and Infrastructure.
On April 7th, Charge Enterprises announced its plans to become a public company starting trading on the Nasdaq on April 12th after it had received approval for the uplisting of its shares. Later on April 22nd, the company announced a private offering of shares and warrants. Charge Enterprises entered into a securities purchase agreement with a subsidiary of Island Capital Group for the issuance of up to 1.4 million shares at $7 a share. CRGE's gross proceeds from the stock offering are expected to be between $7.5 and $10 million, and the company plans to spend it on general corporate purposes and working capital.
