Arena investors completes recapitalization of charge enterprises

Now with a strengthened balance sheet and ample access to capital, charge looks ahead to continued business growth longtime largest shareholder to become majority owner as company's indebtedness is dramatically reduced, providing strong financial position for future growth under new leadership, company will continue to capitalize on expanding its market-leading ev charging infrastructure capabilities and services new york , may 3, 2024 /prnewswire/ -- arena investors, lp (and its affiliates, collectively, "arena"), a global institutional asset manager with approximately $3.5 billion of invested and committed assets under management, today announced that it has recapitalized charge enterprises, inc. (nasdaq: crge) ("charge" or the "company"), a leading electric vehicle (ev) charging and broadband infrastructure company. as the new majority equity owner of charge, arena and its affiliates will provide strategic, financial, and operational resources to support the company's continued growth.
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