Charge enterprises completes $10 million common stock financing with an affiliate of island capital group llc

New york, ny / accesswire / april 26, 2022 / charge enterprises, inc. (nasdaq:crge) ("charge"), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric-vehicle charging ("ev") infrastructure, today announced the successful completion of a $10.0 million financing pursuant to a previously disclosed securities purchase agreement with an investment vehicle controlled by island capital group llc ("island capital"), a merchant bank with synergistic investing and advisory platforms specializing in real estate and real estate related transactions. charge issued approximately 1.43 million shares of charge common stock at a price of $7.00 per share in exchange for cash proceeds of $10.0 million.
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