Ascencio and Allego working together to accelerate the installation of fast charging stations in Belgium Ascencio, an investor in retail real estate, and Allego, a leading European provider of electric vehicle charging solutions, have signed a partnership agreement to install electric vehicle chargers in Ascencio's car parks. Once the technical usage analyses have been completed and the necessary permits obtained, the two partner companies will expand the network of charging stations in Belgium by installi ...

MILWAUKEE, June 20, 2024 /PRNewswire/ -- Ademi LLP is investigating Allego (NYSE: ALLG) for possible violations of law in its transaction with its majority shareholder Meridiam.Click here to learn how to join the https://www.ademilaw.com/case/allego-nv or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.In the transaction, Allego shareholders will receive $1.70 in cash for each outstanding share of Allego common stock held immediately prior to the closing of the tender offer ...

Allego (NYSE:ALLG) stock is rocketing higher on Monday after the company confirmed a deal with Meridiam for all outstanding shares of its stock.Meridiam will acquire all outstanding shares of ALLG stock for $1.70 each with cash. This represents a 131% premium to the closing price of 74 cents per share for Allego stock on Friday.Following this tender offer, Allego has agreed to delist its shares from the New York Stock Exchange. Additionally, any investors that don’t tender their shares in this offer will re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _________________________ FORM 6-K _________________________ REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May, 2024 Commission File Number: 001-41329 ________________________ Allego N.V. (Translation of registrant's name into English) _________________________ Westervoortsedijk 73 KB 6827 AV Arnhem, the Netherlands (Address of principal executive offices) ___ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _________________________ FORM 20-F _________________________ (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPOR ...

Investors may want to consider buying some of the top EV charging stocks for the long haul. For one, if the U.S. is serious about electric vehicle adoption, the EV charging market must grow nearly tenfold. “The number of charge points in the U.S. is forecast to rise from about 4 million currently to 35 million in 2030,” according to PwC analysis. “The accelerated expansion of the charging infrastructure will be needed to serve the needs of a new generation of EV owners. We forecast that the number of EVs in ...

ARNHEM, Netherlands--(BUSINESS WIRE)--Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, and Burger King France, today announced the establishment of a long-term partnership to proliferate electric vehicle (EV) charging in France through the rollout of ultra-fast chargers across Burger King France drive-through and dine-in locations that are not in co-ownership. Following Burger King France’s call for tenders, Allego ha ...

The electric vehicle (EV) market is likely headed toward a slump in 2024. Interest rates remain elevated, and the Federal Reserve does not want to be hasty about cutting them either. Moreover, despite the economy performing better than many had predicted, consumer sentiment remains below where it was before the pandemic. Despite this, there are good reasons to invest in reasonably valued EV stocks. These companies are trading at relatively cheap multiples, but their value proposition remains intact as secul ...

Financial Performance - Total revenue from contracts with customers for Q3 2023 was €28.607 million, a 28.4% increase from €22.320 million in Q3 2022[3] - Gross profit for Q3 2023 was €5.403 million, compared to a gross loss of €4.566 million in Q3 2022[3] - Operating loss for the nine months ended September 30, 2023, was €57.015 million, significantly improved from €278.345 million in the same period of 2022[3] - Loss for the period for Q3 2023 was €43.118 million, compared to €21.498 million in Q3 2022, indicating a 100.5% increase in losses year-over-year[6] - Total comprehensive loss for Q3 2023 was €38.483 million, compared to €24.326 million in Q3 2022[6] - For the nine months ended September 30, 2023, the company reported a loss of €81,829,000, compared to a loss of €268,269,000 for the same period in 2022, indicating a significant reduction in losses[12] - Total comprehensive loss for the nine months ended September 30, 2023, was €83,611,000, compared to €271,130,000 for the same period in 2022, reflecting improved financial performance[12] Assets and Liabilities - Total assets as of September 30, 2023, were €440.369 million, slightly up from €437.659 million as of December 31, 2022[8] - Non-current liabilities increased to €376.045 million as of September 30, 2023, from €318.223 million at the end of 2022[8] - Cash and cash equivalents decreased to €28.829 million from €83.022 million since the end of 2022[8] - Equity attributable to equity holders of the Company was negative €49.336 million as of September 30, 2023, down from positive €27.013 million at the end of 2022[8] - As of September 30, 2023, total equity was reported at €(48,826,000), a decrease from €70,430,000 as of September 30, 2022, reflecting ongoing financial challenges[12] - The Group's total available credit facility was increased to €400,000 thousand, with €77,390 thousand remaining undrawn as of September 30, 2023[29] - The Group's borrowings increased to €312,160 thousand as of September 30, 2023, compared to €269,033 thousand at December 31, 2022[26] Cash Flow and Investments - Cash generated from operations for the nine months ended September 30, 2023, was a negative €32,914,000, an improvement from a negative €89,640,000 in 2022[14] - The company incurred net cash flows used in investing activities of €45,739,000 for the nine months ended September 30, 2023, compared to €88,421,000 in 2022, indicating reduced investment outflows[14] - Investments in property, plant, and equipment amounted to €43,070 thousand for the nine months ended September 30, 2023, down from €116,590 thousand in the same period of 2022, reflecting a decrease of approximately 63%[80] - The carrying amount of property, plant, and equipment increased to €157,509 thousand as of September 30, 2023, compared to €134,718 thousand at December 31, 2022, marking an increase of about 17%[79] Share-Based Payments - The company reported share-based payment expenses of €81,184,000 for the nine months ended September 30, 2022, which is a significant cost impacting overall financial results[12] - The total fair value of the share-based payment arrangement as of September 30, 2023 is estimated at €49,958 thousand, an increase from the grant date value of €32,250 thousand[50] - Share-based payment expenses for the three months ended September 30, 2023 amounted to €15,028 thousand, compared to a gain of €421 thousand for the same period in 2022[52] - The Group recognized total share-based payment expenses of €21,551 thousand for the nine months ended September 30, 2023, significantly up from €2,187 thousand in the same period of 2022[52] Financing and Capital Structure - The company has relied heavily on funding from bank financing and equity issuance to support its growth strategy, including a €400 million facility agreement to enhance financial stability[25] - The Group recorded an impairment loss of €321 thousand for the nine months ended September 30, 2023, down from €678 thousand in the same period of 2022, indicating a reduction of about 53%[82] - The issued share capital increased to €32,142 thousand as of September 30, 2023, from €32,061 thousand at December 31, 2022, reflecting a growth of approximately 0.25%[84] Future Outlook and Strategy - The company expects to continue incurring losses in the next twelve months, typical for the industry as it expands its EV charging network[25] - The Group's liquidity forecasts indicate sufficient cash flow to fund expected outflows for the next 12 months, despite the need for additional financing for long-term growth[30] - The Group's liquidity management policy includes maintaining sufficient cash and committed credit facilities, with undrawn borrowing facilities of €77,390 thousand as of September 30, 2023[134] Risk Management - The Group's management oversees financial risk management, supported by the Finance department, with no significant changes compared to the previous period[122] - The Group's exposure to equity securities price risk is mitigated by monitoring quarterly valuation updates and forecasts of future cash flows[129] Warrants and Share Exchange - As of September 30, 2023, the Group had 13,799,948 public warrants outstanding, with no private placement warrants[143] - On October 3, 2023, the Group completed an exchange offer, issuing 2,996,918 ordinary shares for 13,029,838 public warrants tendered[143] - The remaining 770,110 public warrants were exchanged for 159,712 ordinary shares, effective October 18, 2023[143]

Allego N.V. (NYSE:ALLG) Q3 2023 Earnings Conference Call November 14, 2023 8:00 AM ET Company Participants Rachel Richardson - Director, Investor Relations and Corporate Communications Mathieu Bonnet - Chief Executive Officer Ton Louwers - Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Operator Hello and welcome to the Allego Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation the ...