A total of 13,029,838 warrants were exchanged for shares

Davis Polk advised the dealer manager and solicitation agent in connection with an offer to exchange outstanding warrants to purchase ordinary shares of Allego N.V. for ordinary shares of the company and the solicitation of consents from holders of the warrants to amend the warrant agreement to permit the company to require that each warrant outstanding upon the closing of the exchange offer be converted into ordinary shares. A total of 13,029,838 warrants were tendered, each for 0.23 ordinary shares. In addition, pursuant to the consent solicitation, the company received the approval of approximately 94.4% of the outstanding warrants to the amendment to the warrant agreement governing the warrants. The settlement of the exchange offer occurred on October 3, 2023.

Allego N.V. is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of almost 35,000 charging ports spanning 15 countries, Allego delivers independent, reliable and safe charging solutions, agnostic of vehicle model or network affiliation.

The Davis Polk capital markets team included partner Derek Dostal and associates Michael Stromquist, Rachel Jang and Katie Warshauer. The tax team included partner Patrick E. Sigmon and associates Benjamin Helfgott, Michelle Zhao and Ted Lee. All members of the Davis Polk team are based in the New York office.

Copy link to share post