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The slingshot effect?
Pullback for the Moon?
Was fun whilst it lasted
I believe it will be
Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable and may
be shortened considerably, if the application raises no issues and the company responds quickly to Staff
comments.
Week 1. Company submits application for listing and Nasdaq Listing Qualifications Staff begins its review.
Weeks 2-3. Staff completes its preliminary review and prepares comment letter.
Weeks 3-4. Company addresses any issues raised by Staff.
Weeks 5-6. Staff completes their review and company is approved for listing.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
"Reporting revenue of $357 million in the first three quarters of 2021,
Charge now trades over the counter (as CRGE) but is uplisting to Nasdaq.
In January, Charge also added EV Group Holdings, which focuses on
real estate assets for commercial fleet operators needing charging depots, to its portfolio."
Isn't greed good Gordon .... err bear-bait ?? :D
Hah ... not lucky Oh well
but hey, y'never know
Lucky 7's ???
I nee new shoo
Fedel tried fedel failed
Sure aint no ike spike
the only flashed then was his bald head
Time to move forward, nasdaq?
$CRGE is waking up and climbing also
A micro burst version of BLNK
that would be nice
$CGRE is on the move
$CRGE
Who else from 2010 still on board? $CRGE
and everyone still has their GOCOM?
When Electric Cars Rule the Road, They’ll Need $CRGE
NY TIMES - When Electric Cars Rule the Road, They’ll Need Spots to Power Up
$CRGE Charge Enterprises Secures Preferred Equity Financing from Island Capital Group LLC
NEW YORK, NY / ACCESSWIRE / March 3, 2022 / Charge Enterprises, Inc. (OTC PINK:CRGE) ("Charge" or the "Company"), a company consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric-vehicle charging ("EV") infrastructure, today announced it has entered into a preferred stock financing transaction with a subsidiary of Island Capital Group LLC ("Island Capital"), a merchant bank with synergistic investing and advisory platforms specializing in real estate and real estate related transactions.
"When you look at the overall 5G wireless and EV infrastructure market, there are very few companies enabling industry participants in the same manner that Charge does. Their unique value proposition offers infrastructure solutions that are needed today and that can power the EV market through its next few decades' trajectory," said Andrew L. Farkas, Managing Member, Chairman and Chief Executive Officer of Island Capital. "We are excited to be an investor in Charge and look forward to a successful relationship."
Charge's strategy is to integrate high-quality assets with growing recurring revenue streams across its core competencies of building infrastructure for 5G wireless networks and EV charging installation solutions. Its goal is to be the trusted global infrastructure partner at the cross-over of wireless and electrical infrastructure.
"When Andrew Farkas, who founded Insignia Financial Group, Inc. (which ultimately was merged into what is now CBRE Group), approached Charge with respect to a possible strategic relationship, we were thrilled to walk them through our strategy and vision," said Charge's Chairman and CEO Andrew Fox. "We are very excited to work with Island Capital Group and to expand our relationship with them."
Through this preferred equity financing with Island Capital, Charge has raised gross proceeds of approximately $10.8 million through approximately $12 million of face value preferred equity financing from an investment vehicle controlled by Island Capital. Proceeds of the financing will be used for working capital and general corporate purposes. The financing is in the form of Series C Convertible Preferred Stock, which pays a monthly dividend of 6%, or $0.1875 per share per year, payable in cash or in shares of Charge Common Stock at the Company's option, and is convertible into Common Stock at $3.125 per share.
The securities offered and sold by Charge in the private placement have not been registered under the Securities Act of 1933 or state securities laws and may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. Charge has agreed to file a registration statement with the SEC covering the resale of the shares of common stock underlying the Series C Preferred Stock issued in the private placement. Any resale of Charge's securities under such resale registration statement will be made only by means of a prospectus.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.
View source version on accesswire.com:
https://www.accesswire.com/691360/Charge-Enterprises-Secures-Preferred-Equity-Financing-from-Island-Capital-Group-LLC
$crge Charge Enterprises Is Designated GenZ EV’s Preferred Infrastructure Provider for Custom EV Charging Ecosystems, Offering a Seamless End-to-End Solution for Battery Buffered Ultra-Fast EV Charging
NEW YORK, NY / ACCESSWIRE / March 2, 2022 / Charge Enterprises Inc. (OTC PINK:CRGE), ("Charge"), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric-vehicle "EV" charging, and GenZ EV LLC ("GenZ EV"), an American company dedicated to integrating the world's best technologies, services and investment solutions to help businesses navigate the transition into the era of eMobility, announced that they have designated Charge as GenZ EV's preferred infrastructure provider for EV charging solutions to provide a bespoke and seamless end-to-end EV Infrastructure for commercial, fleet, public and private sector industries, delivering battery buffered ultra-fast charging for EVs.
GenZ EV, distributor of ADS-TEC Energy (ADSE) ("ADS-TEC¨) battery-buffered ultra-fast chargers for the automotive vertical in the Americas, designated Charge as its preferred infrastructure solutions provider. Charge, through one of its operating affiliates, doing business as (DBA), Charge Infrastructure, offers end-to-end services for EV charging ecosystems, including project management, design and engineering, construction, installation, and maintenance and service. GenZ EV and Charge intends to target dealerships, dealer groups, commercial fleet, and automotive OEM's as well as retail, big-box chains, real estate conglomerates and the public sector. Leveraging their collective automotive expertise, the initiative led by both Charge's President, Mark LaNeve, along with GenZ EVs CEO Jose Valls, the two companies collectively have a leadership team comprising over 100 years of experience in OEM and dealer operations.
Charge Infrastructure's preferred designation is pursuant to a non-binding Memorandum of Understanding (MOU) between GenZ EV and Charge, offering custom solutions for ultra-fast charging requirements with the goal of generating cost efficiencies to support EV charging infrastructure and maximize energy flexibility. "As GenZ EV's preferred infrastructure provider, together, we provide a seamless solution for equipment and services to reduce the cost of charging from the utility provider while allowing greater EV charging flexibility, including rapid charging speeds, especially for dealerships and fleet operators," said Mark LaNeve, "Furthermore, when factoring in solar or renewable generation and layering bidirectional capabilities, the cost of running EVs, and the client's carbon footprint, could be reduced further by combining these assets into a site-wide ecosystem.
"While the demand for ultra-fast EV charging spans across all industries and sectors of society, the auto industry - specifically dealers - are at the vanguard of the transition into eMobility. I look forward to working with Charge to address the unique needs of this and other markets," said José Valls, GenZ EV's CEO, formerly Chairman of Nissan North America and of Nissan Latin America. He further stated, "Our team understands that a successful project entails more than world-class hardware, so we are focused on offering a complete 360-solution for businesses navigating the electrification landscape." Mark LaNeve added, "There is great opportunity in software, servicing, and long-term revenue-driving opportunities to consider as well. We are excited to partner with GenZ EV to design high-impact, smart, investment opportunities for EV Charging solutions."
View source version on accesswire.com:
https://www.accesswire.com/691041/Charge-Enterprises-Is-Designated-GenZ-EVs-Preferred-Infrastructure-Provider-for-Custom-EV-Charging-Ecosystems-Offering-a-Seamless-End-to-End-Solution-for-Battery-Buffered-Ultra-Fast-EV-Charging
$CRGE GenZ EV Solutions Enters the U.S. EV Battery-buffered, Ultra-fast Charger Market
- Names as CEO former chairman of Nissan North America, José Valls
- Company appointed distributor of ADS-TEC Energy´s battery-buffered, ultra-fast chargers, for the massive automotive market throughout the Americas
- Forges alliance with Charge Enterprises, designated preferred infrastructure solutions provider
- Partners with Mitsubishi Capital to offer up to 100 percent financing
MIAMI, Feb. 28, 2022 /PRNewswire/ -- GenZ EV Solutions ("GenZ"), announced that it has entered the U.S. market with a cutting-edge, battery-buffered, ultra-fast EV charger and a suite of premium services for businesses transitioning into eMobility. The company is focused on integrating the world's best technologies, services and investment solutions to help businesses navigate the transition into the era of electrified transport. By 2030, approximately 50 percent of vehicles sold in the U.S. are targeted to be EVs; demand for fast-charging stations is expected to increase exponentially.
The company named as CEO, José Valls, former Chairman of Nissan North America and of Nissan Latin America.
GenZ EV Solutions and Germany´s ADS-TEC Energy (NASDAQ: ADSE) ("ADS-TEC"), a global leader in battery-buffered, ultra-fast charging technology, signed an agreement appointing GenZ as its distributor for the massive automotive vertical throughout the Americas. In 2021, ADS-TEC Energy was recognized as a top innovator by The German Association for Consumer Studies (DtGV), based on the company's extensive portfolio of patents associated with advancing climate change protection. ADS-TEC Energy´s battery-buffered technology enables widespread, ultra-fast charging (up to 320kW) on existing power-limited grids without additional infrastructure.
The GenZ system, along with its technical specifications, will be presented during the National Automobile Dealers Association (NADA) convention in Las Vegas taking place March 11-13, 2022. Auto dealers, estimated at 18,000 facilities in the U.S., are at the forefront of the EV charger infrastructure overhaul taking place in the U.S, considering the proliferation of EVs at showrooms.
GenZ EV Solutions designated Charge Enterprises (OTC PINK: CRGE), ("Charge"), through one of its operating affiliates, Charge Infrastructure, as its preferred infrastructure provider. Charge will offer end-to-end services for EV charging ecosystems, including project management, design and engineering, construction, installation, and maintenance and service. GenZ and Charge will service dealerships, dealer groups, commercial fleet, and automotive OEM's as well as retail, big-box chains, real estate conglomerates and the public sector. Mark LaNeve is president of Charge and, as former vice president of sales and marketing for both Ford Motor Company and General Motors, brings vast automotive OEM leadership experience. The Charge and GenZ leadership teams collectively boast more than two centuries of automotive experience and will target the most demanding, EV-intensive industries.
"While the demand for ultra-fast EV charging spans across all industries and sectors of society, the auto industry — specifically dealers — are at the vanguard of our transition into eMobility. I look forward to working with the Charge team to deliver world-class solutions to this pioneering industry and across many more," said José Valls. He added, "It will also be exciting to collaborate with ADS-TEC in delivering such impactful innovation to markets across the Americas."
"GenZ EV Solutions understands that a successful project entails more than cutting-edge hardware. There's great opportunity in intelligent installation, servicing and long-term revenue-driving opportunities to consider as well. We are excited to partner with GenZ in designing high-impact, smart investment opportunities for auto dealers and beyond," said Mark LaNeve, president of Charge Enterprises.
"We are pleased to partner with GenZ EV Solutions in the Americas. Our commitment to technical innovation, coupled with our partner ´s deep experience in the fast-evolving auto industry is a powerful combination," said Thomas Speidel, CEO and founder, ADS-TEC Energy. He added, "We look forward to collaborating with GenZ in the great expansion of the American charging infrastructure."
Among challenges faced when companies enter charging station projects are up-front costs and significant capital investments. GenZ EV Solutions offers unique operating and financing models, including up to 100 percent financing for qualified clients via preferred partner Mitsubishi Capital.
GenZ EV Solutions co-founder and environmental philanthropist Cristian Stenstrom said, "GenZ EV Solutions was inspired by the generation that triggered the inflection point for mass-adoption of EVs. They influence current GenX and Boomer purchase patterns and are teaching us that capital invested without a higher purpose is wasteful." Stenstrom added, "Our team shares that vision and, beyond helping businesses navigate electrification, three percent of profits will be invested into reforestation efforts in the U.S. More on that later this year."
GenZ EV Solutions co-founder John Candillier commented, "By 2030, about 50 percent of vehicles in the U.S. are targeted to be EVs. This milestone reflects the massive size of the opportunity for everyone in the eMobility ecosystem. And while ´green´ capital from the public sector and corporations is significant, it's the small to mid-size companies, like auto dealers, who will build the backbone of America´s EV charging infrastructure deep into local communities."
View original content to download multimedia:
https://www.prnewswire.com/news-releases/genz-ev-solutions-enters-the-us-ev-battery-buffered-ultra-fast-charger-market-301491188.html
zj3001, please enlighten some
$CRGE Charge Enterprises Adds Three Independent Members to its Board of Directors
NEW YORK, NY / ACCESSWIRE / January 14, 2022 / Charge Enterprises, Inc. (OTC PINK: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 that its Board of Directors has added three new independent members: Chantel E. Lenard, Gary Jacobs, Esq., and Amy Hanson to its board of directors.
Ms. Lenard was selected as one of the "100 Leading Women in North American Auto Industry" by Automotive News, received the Outstanding Industrial Engineering Alumni award from Purdue University and is also a recipient of an Effie Gold Award for marketing innovation and effectiveness. Having served as U.S. Chief Marketing Officer of Ford Motor Company, in a 25-year career where she created high performance results delivering $80 billion in annual revenue, Ms. Lenard transformed Ford's marketing approach toward a digital focus and led the integration of predictive analytics into the client centric experience. She also possesses strong board of directors experience.
Mr. Jacobs has extensive business and corporate experience, including corporate strategy and international ventures. As a corporate lawyer, he represented major companies active in a variety of industries in M&A, securities and other transactions. He previously served in senior executive positions at MGM Resorts International, including President of Corporate Strategy, Executive Vice President, General Counsel and Secretary. He was also a member of MGM's board of directors and Executive Committee. While at MGM Resorts Mr. Jacobs was heavily involved in major corporate transactions, such as MGM's acquisition of Mandalay Resorts, the development of City Center, the purchase and sale of significant properties and domestic and international expansion. He is currently Chairman of Second Wave Delivery Systems, LLC, and until its sale in 2020, was Chairman of Accuity Delivery Systems, LLC.
Ms. Hanson has extensive experience as a C-level executive with a focus on finance, operations, strategic planning and M&A execution encompassing acquisition, consolidation and integration leadership. She founded an advisory firm to counsel senior corporate leadership on real estate strategy, technology portfolio insights and private label credit business. She has strong board of directors experience and was previously Executive Vice President and Corporate Officer of Macy's Inc where she spent 33 years in various executive positions.
"We are honored to have the collective expertise of these newly appointed board members," said Andrew Fox, Founder and CEO of Charge Enterprises Inc. "Their proven history of building scalable growth businesses across multiple industries and creating value for shareholders aligns with our growth strategy to become the trusted global infrastructure partner for 5G wireless data transmission and EV charging ecosystems delivering safe, reliable, scalable and flexible bespoke client solutions.
Ms. Lenard will serve on Charge's Audit Committee and Nominating and Governance Committee. Mr. Jacobs will serve on Charge's Audit Committee and will chair the Nominating and Governance Committee, and Ms. Hanson will chair Charge's Audit Committee and act as the Committee's audit committee financial expert. These appointments bring the number of directors of Charge Enterprises' board to ten.
For more information about Charge Enterprises board of directors, visit: https://www.charge.enterprises/investors.
View source version on accesswire.com:
https://www.accesswire.com/683454/Charge-Enterprises-Adds-Three-Independent-Members-to-its-Board-of-Directors
$CRGE Form 8-K 12/29/21 & 01/04/22
from 12/29/21
https://www.otcmarkets.com/filing/html?id=15447823&guid=_CSwkK1YE6yJnch
from 01-04-22
https://www.otcmarkets.com/filing/html?id=15458749&guid=_CSwkK1YE6yJnch
$CRGE Charge Enterprises Completes Acquisition of BW Electrical Services LLC to Expand its Infrastructure Division
NEW YORK, NY / ACCESSWIRE / December 28, 2021 / Charge Enterprises Inc. (OTC PINK: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 that it has completed the acquisition of BW Electrical Services LLC ("BWES"), an electrical contracting services firm specializing in commercial projects with a focus on ground-up construction. In connection with the acquisition of BWES, Charge paid $13,500,000 plus 1,285,714 shares of Charge's common stock. Charge announced a definitive agreement to acquire BWES on December 23, 2021.
Founded in 2006, and head quartered in New Jersey, BWES is an industry leader for design-build electrical installation solutions. BWES has captured a niche market, providing electrical contracting and telecommunications services to commercial and industrial construction markets to support communities and deliver ground-up construction projects. BWES has been entrusted with a vast portfolio of high-profile projects such as the New Jersey State House restoration, and esteemed academic institutions including Rutgers University, and the New Jersey K-12 school system.
The acquisition will broaden Charge's infrastructure offering with BWES' electrical contracting resources, its proven standardized processes and its established commercial expertise in EV charging infrastructure.
View source version on accesswire.com:
https://www.accesswire.com/679815/Charge-Enterprises-Completes-Acquisition-of-BW-Electrical-Services-LLC-to-Expand-its-Infrastructure-Division
$CRGE Charge Enterprises Secures $22.22 Million of Debt and Preferred Equity Financing
New York – December 23, 2021 – Charge Enterprises Inc. (OTC PINK: CRGE), (“Charge” or the “Company”), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric-vehicle charging (“EV”) infrastructure, today announced that it has raised gross proceeds of $20 million through $22.22 million of face value debt and preferred equity financing from an institutional investor and its affiliated entities. Proceeds of the financing will be used, in part, to fund anticipated acquisitions. $14.81 million of the financing is in the form of original issue discount, senior secured, non-convertible promissory notes that pay a coupon of 7.5% per annum and mature on November 19, 2023. The remainder of $7.41 million is in the form of newly-designated Series C Convertible Preferred Stock, which pays a monthly dividend of 6%, or $0.1875 per share per year, payable in cash or in shares of Charge Common Stock at the Company’s option, and is convertible into Common Stock at $3.125 per share. Additionally, Charge issued the investors two-year warrants to purchase an aggregate of 2,370,370 shares of Charge Common Stock at $4.00 per share.
Please see additional information contained in Charge's Form 8-K filed with the Securities and Exchange Commission on December 23, 2021, available at https://www.charge.enterprises/sec-filings.
View source version on accesswire.com:
https://www.accesswire.com/679383/Charge-Enterprises-Secures-2222-Million-of-Debt-and-Preferred-Equity-Financing
$CRGE Charge Enterprises Signs Definitive Agreement to Acquire BW Electrical Services LLC to Expand Its Infrastructure Division
NEW YORK, NY / ACCESSWIRE / December 23, 2021 / Charge Enterprises Inc. (OTC PINK: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 that it has signed a definitive agreement to acquire BW Electrical Services LLC ("BWES"), an electrical contracting services firm specializing in commercial projects with a focus on ground-up construction.
The acquisition agreement provides that Charge will acquire all of the equity intersts in BWES for $18 million of cash and Charge common stock.
Founded in 2006, BWES is an industry leader in the state of New Jersey for design-build, electrical installations. BWES has captured a niche market, providing electrical contracting and telecommunications services to the New Jersey commercial and industrial construction market to support communities and deliver ground-up construction projects. Due to their reputable process-driven expertise in electrical installations, BWES has been entrusted with high-profile projects such as the New Jersey State House restoration, and esteemed academic institutions including Rutgers University, and the New Jersey K-12 school system.
This acquisition is expected to broaden Charge's infrastructure offering by utilizing BWES's master electricians, its proven standardized processes and its established commercial expertise in EV charging infrastructure. The combination exemplifies Charge's strategy to make EV charging more accessible to a wider population, thereby reducing perceived range anxiety as passenger transportation moves towards reducing harmful carbon emissions.
"This is an exciting time for Charge Enterprises. The BWES's acquisition adds scale to Charge's EV charging infrastructure deployment by boosting our number of qualified master electricians and adding greater value, expertise and greater bandwidth to serve our growing client portfolio," said Andrew Fox, Chairman and CEO of Charge. "We look forward to continuing the charge forward with BWES to fulfill the tremendous demand for EV charging infrastructure across the nation as we work towards meeting the demands of the electrification revolution."
"Charge's business ethos closely aligns with the way BWES has always approached business, with an emphasis on reliability and fairness, making this an especially exciting opportunity for us," said Michael Wojtowicz, Founder and CEO of BWES. "There isn't a project in our future that has provisions for new parking that doesn't have an EV charging ecosystem integrated in forward planning, and joining with Charge will help satisfy this pent-up demand for EV charging infrastructure as the country moves into the next phase of the EV revolution."
The anticipated close of the acquisition is on or about December 27, 2021.
View source version on accesswire.com:
https://www.accesswire.com/679237/Charge-Enterprises-Signs-Definitive-Agreement-to-Acquire-BW-Electrical-Services-LLC-to-Expand-Its-Infrastructure-Division
$CRGE Prospectus Filed Pursuant to Rule 424(b)(3)
https://www.otcmarkets.com/filing/html?id=15429063&guid=vGfwkWlPRuZJB3h
$CRGE S-1 Notice of Effectiveness
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF EFFECTIVENESS
Effective Date: December 15, 2021 4:30 P.M.
Form: S-1
CIK: 0001277250
Company Name: Charge Enterprises, Inc.
File Number: 333-253073
https://www.otcmarkets.com/filing/html?id=15423677&guid=SUfwkeY-HdNokih
$CRGE Charge Enterprises Names Chief Operating Officer & Chief Compliance Officer, Craig Denson Secretary of Charge Enterprises
NEW YORK, NY / ACCESSWIRE / December 10, 2021 / Charge Enterprises, Inc. (OTC PINK:CRGE), ("Charge"), consisting of a portfolio of global businesses with the vision of connecting people through communications and electric vehicle charging infrastructure, today announced that Chief Operating Officer and Chief Compliance Officer, Craig Denson, has been named Secretary of Charge Enterprises. Mr. Denson assumes this role from Board member Philip P. Scala.
"Bringing the role of Corporate Secretary into the C-suite aligns our practices with those of standard regulatory compliance and strengthens our corporate infrastructure as we work to complete our application to list Charge's common stock on the Nasdaq Capital Market," said Chairman, CEO and Founder, Andrew Fox. "We appreciate Craig's shouldering this additional responsibility and remain focused on executing our pioneering strategy of becoming the trusted global infrastructure partner at the cross-over of mobility and connectivity."
View source version on accesswire.com:
https://www.accesswire.com/677096/Charge-Enterprises-Names-Chief-Operating-Officer-Chief-Compliance-Officer-Craig-Denson-Secretary-of-Charge-Enterprises
Did it ever happen?
Doesn't say a dividend has been paid. It says "The dividend will be paid to shareholders of record as of October 18th 2021." It doesn't say When it will be paid. Sure hope GNGR didn't have an unexpected shortfall in their cash account? LOLOLOL!
"Time will tell?" Does anyone know that Grant and Marcie are still working for GNGR?
As for the last Q, who cares....
nothings changed
$CRGE Exec Mark LaNeve Skips Retirement To Lead Charge
When longtime auto executive Mark LaNeve left Ford Motor Co. last January to pursue the next chapter in his career, maybe even retire, he didn't have long to think about that next move—about a week, he joked.
That's because Andrew Fox, founder, chairman and CEO of startup Charge Enterprises doggedly pursued him to join his fast-growing enterprise. “I was like a chihuahua on his ankles when we first started talking,” Fox told Forbes.com.
The company is focused on accelerating adoption of electric vehicles by building charging, telecommunications and 5G infrastructures mainly by acquiring and partnering with businesses in those fields.
The match was made by Rick Wagoner, the former General Motors Co. chairman who recommended LaNeve when Fox said he was looking for “the smartest, hungriest, hardest working guy you know to help me build this. He said I don't know if he's hungry, but I know the smartest, hardest working guy.”
LaNeve indeed had the attributes and the appetite and joined New York City-based Charge earlier this year in what he described as “almost advising” working mainly in customer acquisition and with dealers to help them transform their businesses to service electric vehicles. He was elevated to President in November.
What appealed to him was “the idea of being involved in an industry and a company that's going to help build the infrastructure of the future with all that momentum behind it,” LaNeve said in an interview. “To be part of that and helping to build a company after working for huge enterprises, Ford, GM and Allstate that seemed really exciting and interesting and irresistible to me.”
The division of responsibilities between Fox and LaNeve is clear. Fox handles what he describes the “Wall Street side of the business,” and sets the company's vision. “We've raised just under $6 million to build over a $400 million business in equity,” said Fox. “We're tight stewards of capital. We're buying business that have pre-existing books of business.”
Then it's over to LaNeve.
“As Andrew lays out the vision we have acquisitions, really nice businesses we've acquired and looking to acquire that have good books of business mainly in the 5G part,” he explained. “We need to manage them, keep them doing what they're doing, grow them organically, take care of their customers, then at the same time build a centralized EV infrastructure business using some of the assets of those subsidiaries then bringing on talent and expertise where we need it specifically.”
A recent example of how Charge is teaming up with existing businesses is the strategic partnership announced in November with Austin, Texas-based Smart Charge America. The company has installed nearly 10,000 chargers inside 20 cities in the U.S.
Electric vehicle sales are still a slim segment of the market, but Fox and LaNeve are banking on an eventual conversion to battery powered vehicles from internal combustion engines as automakers push their product portfolios in that direction.
In a recent presentation, the company said the number of EVs on U.S. roads is projected to reach 18.7 million in 2030, up from 1.7 million at the end of 2020 and accounting for more than 20% of annual vehicle sales that year.
Fox and LaNeve want Charge to lead the charge in eliminating the so-called range anxiety giving consumers not ready to make the leap to EVs confidence to do so.
Fox uses the example of the anxiety an EV driver would feel if they were stuck in a traffic jam on an interstate and worried they'd run out of power before they could reach a recharging station.
“We think on the highways to prevent someone from having that kind of meltdown you need these things every 10 miles. We think of it as a critical amenity in most places,” he said.
While many EV owners will have so-called level two chargers installed at their homes for mainly overnight charging, Charge is currently focused on much faster, more powerful, level three commercial grade units that would be installed at shopping centers, office parks, parking lots and other public places.
Fox estimates eight-to-10 million level three charging stations would be necessary in the U.S. To meet expected demand. Not to leave any opportunity unexplored Charge is also looking to handle level two chargers as well, according to LaNeve.
But the company's broader vision includes building the 5G telecommunications network for greater connectivity and offering businesses the opportunity to place Charge Powerbank kiosks on their premises for free where customers can rent charging devices to replenish power on their cell phones.
LaNeve calls Powerbank a “great brand extension for us. A good complementary business” for Charge, while Fox declares, “About delivering a critical amenity. Portable power is a critical amenity.”
The long view for Charge is to be the global leader in an end-to-end recharging, telecommunications, micromobility infrastructure.
Neither Fox nor LaNeve is worried the current slow pace of electric vehicle adoption puts their vision for Charge in jeopardy.
“Adoption is always a little slow until familiarity kicks in. The more they experience the vehicles they'll love them, absolutely love them,” noted LaNeve. “In the end won't have a choice because the OEMs (automakers) are all committing to convert anyway.”
A month into his tenure as president of Charge Enterprises, that thought of retirement has all but evaporated for Mark LaNeve.
“From a second career standpoint it's been fun. It's been really, really exciting.” Maybe just a little charged up.
Link to article:
https://www.forbes.com/sites/edgarsten/2021/12/02/longtime-ford-gm-exec-mark-laneve-skips-retirement-to-lead-charge/?sh=1ba30be829e6
$CRGE Charge Enterprises Names COO Craig Denson Chief Compliance Officer
NEW YORK, NY / ACCESSWIRE / November 19, 2021 / Charge Enterprises, Inc. (OTC PINK:CRGE), ("Charge"), consisting of a portfolio of global businesses with the vision of connecting people through communications and electric vehicle charging infrastructure, today announced that Chief Operating Officer Craig Denson has been named to the additional post of Chief Compliance Officer. Mr. Denson's mandate in this role will be to oversee Charge's corporate compliance and risk management.
"As we work to complete our application to list Charge's common stock on the Nasdaq Capital Market, we determined that it was appropriate to formalize the duties of overseeing corporate compliance at the C-level," said Chairman, CEO and Founder, Andrew Fox. "Craig is a seasoned public company executive and team builder who is performing admirably as COO as we execute Charge's pioneering strategy of becoming the trusted global infrastructure partner at the cross-over of mobility and connectivity. We appreciate his taking on this new responsibility."
Mr. Denson has been Charge's Chief Operating Officer and a Director since October 2020, appointed to these posts upon Charge's 2020 acquisition of PTGI-ICS. Prior to this, he was the President & CEO of PTGi since May 2012, having joined PTGi in 2009 as Vice President, responsible for the Wholesale and Pre-Paid Telecom divisions in North America. Previously, Mr. Denson was President and COO of Sigma Software Solutions, an OSS and BSS software company providing billing and CRM software to the telecom industry globally. He also served as Vice President and General Manager of ACS Canada, where he led the Telecom ASP software services division. Mr. Denson started his career with PepsiCo in 1986, progressing through the organization and ending as National Sales Manager of two operating divisions before entering the telecom industry in 1999. Mr. Denson holds a business degree from Humber College.
"I am honored to fill this role as Charge works to complete its exchange uplisting and implements relevant corporate policies," said Mr. Denson. "This is an exciting time at Charge and we are focused on execution and process improvement strategies to continue Charge's growth."
View source version on accesswire.com:
https://www.accesswire.com/673460/Charge-Enterprises-Names-COO-Craig-Denson-Chief-Compliance-Officer
Charge Enterprises Announces Third Quarter 2021 Financial Results
$CRGE
Q3 Revenue of $117.1 Million
Strengthening Team and Processes to Support Strategic Execution
NEW YORK, NY / ACCESSWIRE / November 18, 2021 / Charge Enterprises Inc. (OTC PINK: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 reported its financial results for the three-month period and nine-month period ended September 30, 2021.
Third Quarter 2021 Results - Selected Financial Information
"Charge made considerable progress in Q3, strengthening and growing the leadership team, streamlining our processes and engaging with customers across a variety of industry sectors, to provide seamless solutions addressing infrastructure requirements for mobility and connectivity while delivering a reliable, safe, ecosystem positioned for flexibility and scalability," said Charge's Chairman and CEO Andrew Fox. "Our newly-named President Mark LaNeve and Charge's new CFO, Leah Schweller, along with Charge's leadership team, are transforming the operations and organizing the skill teams to continue developing the deployment for Electric Vehicle (EV) Charging and 5G wireless network infrastructure. We are being deliberate and careful as we construct our team and build internal public company processes to simultaneously tackle the challenges of pioneering a new industry and identify and procure the resources required for today's mobility and wireless data transmission, therefore effectuating these cross-over industry infrastructures to move and connect people for future use cases. Our goal is to be the trusted global infrastructure partner for 5G wireless network and intelligent sites as well as EV Charging."
Reported results include: TransWorld Enterprises, Inc., acquired on May 8, 2020; GetCharged, Inc., acquired on October 12, 2020; PTGI International Carrier Services, Inc., acquired on October 31, 2020; and ANS Advanced Network Services ("ANS") on May 21, 2021, and are therefore not comparable to year-ago periods.
Third quarter revenue was $117.1 million with a net loss of $25.2 million or $0.17 per share. This loss included non-cash charges of $27.4 million related to impairments, stock-based compensation, depreciation, amortization of debt discounts and issue costs, and interest expenses (see financials below).
Gross margin for the third quarter improved due to the inclusion of a full quarter of ANS operations. Charge's operating units continue to generate operating income, which was offset by corporate personnel expansion, in preparation for Charge's anticipated growth.
As of September 30,2021, Charge held $22.3 million in cash, cash equivalents and marketable securities.
Please see Charge Enterprises' financial statements for the quarter ended September 30, 2021 filed with the OTC Markets for further details of the financials. Note the quarterly financial statements for March 31, 2021 and June 30, 2021 were refiled with the OTC Markets on November 12, 2021.
"The growth trajectory within the EV Charging industry is highly underestimated and the value proposition that Charge's bespoke, hardware and software agnostic solution provides, has proven a differentiator to our targeted clients," said Mr. Fox, "our customized infrastructure process enables them to optimize a solution for installation that aligns with their business goals as they embrace the EV revolution."
Key Recent Highlights
ANS Advanced Network Services (ANS) integration is progressing. The synergies between the processes for 5G Wireless Networks, Intelligent site solutions, and EV Charging infrastructure are creating a value proposition for clients, enabling them to have a one-stop solution for both their Wireless Network needs as well as EV Charging ecosystem installations. The process and resources for infrastructure build-out are: Design and Engineering, Equipment selection and sourcing, Planning and Installation, Software selection and sourcing, Remote Maintenance and Monitoring. This fluid combination gives Charge a distinct competitive edge and increases new client procurement efficiency and effectiveness.
Developed senior leadership team
Founder and CEO Andrew Fox was named Chairman of the Board of Directors, consistent with Charge's succession plans. Mr. Fox and the Charge executive team are focused on executing Charge's unique value proposition, developing a strong culture and driving intelligent growth with sustainable value for all stakeholders and employees.
Named Mark LaNeve, formerly Chief Business Officer, President. Mr. LaNeve previously held senior officer positions as Vice President of Sales and Marketing at General Motors, Ford Motor Company, Volvo, and CMO at Allstate. Mr. LaNeve has more than four decades of experience leading Fortune 100 companies.
Nicole Antakli, who previously served as Director of Administration, succeeds Mr. LaNeve as Chief Business Officer. Before joining Charge, she served as President and Chief Operating Officer of Intraco Corporation, a global export management firm with a focus on architectural glass and OEM automotive distribution. She has extensive international operational leadership experience encompassing strategic joint ventures, purchasing, logistics coordination, financing mechanisms for manufacturers and customers.
Named Leah Schweller Chief Financial Officer, bringing over two decades of experience, including 15 years of public company tenure, leading large global teams responsible for SEC reporting, credit reserving, technical accounting, securitization, and overall financial integrity, as well as M&A transaction services.
Charge Powerbanks' service for on-the-go mobile device charging, with its proprietary Charge Powerbank App and backend software, has secured nearly 75 licensing contracts in 10 states. Charge Powerbanks has developed multiple business models customized to the respective targeted industry and client sector including leasing, sponsorships, licensing and shared revenue. It has proven a substantial feeder for crossover clients from the hospitality, retail and commercial industry seeking to develop an EV Charging Infrastructure ecosystem for their site locations.
Charge continues to work diligently to complete its application to list its common stock on the Nasdaq Capital Market. A Nasdaq listing would be a key milestone for Charge, making Charge more visible to a broader range of investors, and enhancing its trading liquidity and ability to expand shareholder base.
Market Opportunity - Broad Support for Growth
Charge's unique market opportunity is to develop and deploy infrastructure, making it simple to move and connect people across the globe, installing 5G, building wireless networks and EV charging ecosystems; delivering the infrastructure clients require today to grow with them as scale is required to meet future demands. There are a number of strong drivers of demand in this space with investments being driven from the private, enterprise and public sectors. Most recently, the Biden administration signed the Infrastructure bill into Law on November 15th, which includes key aspects of infrastructure funding that supplement private capital already at work in the following areas which directly touches upon Charge's core competencies of building infrastructure for 5G wireless networks and EV charging installation solutions:
EV Infrastructure - The administration's bill proposes a $7.5 billion investment to build out a national network of EV chargers. This is the first-ever national investment in EV charging infrastructure in the United States and is a critical element to accelerate the adoption of EVs to address the climate crisis and support domestic manufacturing jobs.
Electric Buses - American school buses play a critical role in expanding access to education, but they are also a significant source of pollution. By investing $2.5 billion in electric buses, the bill would expand access to rural communities, helping school districts across the country buy clean, American-made, zero emission buses, and replace the yellow school bus fleet.
High-Speed Internet - Broadband internet is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected. The bill's $65 billion investment would ensure every American has access to reliable high-speed internet with an historic investment in broadband infrastructure deployment.
Power Infrastructure - The bill's $73 billion investment is the single largest investment in clean energy transmission in American history. It upgrades power infrastructure, including building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewable energy. It would create a new Grid Deployment Authority, invest in research and development for advanced transmission and electricity distribution technologies, and promote smart grid technologies that deliver flexibility and resilience.
As previously discussed, Charge's market opportunity is to build infrastructure that moves and connects people to facilitate the electrification revolution, install 5G, and build intelligent sites. The 5G Infrastructure market is expected to reach $80.5 billion by 2028 (1a) with the EV charging infrastructure market expected to reach $144.97 billion by 2028 (1b) , these combined segments create an addressable market of more than $224 billion.
EVs on U.S. roads are projected to reach 18.7 million in 2030, up from 1.7 million in 2020(2).
Annual sales of EVs are anticipated to exceed 3.5 million in 2030(2), or more than 20% of annual vehicle sales. Moreover, on August 5, 2021, President Biden unveiled an executive order establishing a goal for 50% of all cars to be sold as Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), or fuel-cell by 2030.
$15 billion in investments are proposed to build a coast-to-coast network of 500,000 charging stations. (3)
In February 2021, the U.S. had only 100,000 charging outlets for electric vehicles, with the majority in California with almost 32,000 outlets. (4)
U.S. EV Charger sales and installations are forecasted to increase from 100,000 outlets in 2021 to 13 million by 2030. (4)
[1a https://www.grandviewresearch.com/press-release/global-5g-infrastructure-market
1b https://www.grandviewresearch.com/press-release/global-electric-vehicle-ev-charging-infrastructure-market
2https://www.eei.org/resourcesandmedia/newsroom/Pages/Press%20Releases/EEI%20Celebrates%201%20Million%20Electric%20Vehicles%20on%20U-S-%20Roads.aspx
3https://www.reuters.com/business/autos-transportation/biden-set-target-50-evs-by-2030-industry-backs-goal-2021-08-05/
4https://www.statista.com/statistics/416750/number-of-electric-vehicle-charging-stations-outlets-united-states/]
2021-2022 Strategy - An Update
"Intelligent connectivity and electrification are required in almost everything all of us do. This transformation is advancing at an accelerating rate, necessitating a proper foundation and infrastructure for 5G wireless networks and EV Charging. Charge's infrastructure solutions affect both communities that are mobile and those that utilize wireless data transmission," said Charge's CEO, Founder & Chairman, Andrew Fox. "We optimize infrastructure engineering, design planning and installation, building an ecosystem critical for the intersection of mobility, communication and data transmission and addressing emerging applications such as UHD Mobile Streaming, Augmented Reality, Autonomous Vehicles, Remote Surgery, Smart Cities, and Industrial iOT - our strategy is to address the infrastructure requirements today to meet the future demands of tomorrow."
Differentiated by its hardware and software agnostic strategy, Charge's significant value proposition centers on tailoring installations to the requirements of each customer segment, creating customized electric solutions and affording clients superior economics to support organic growth:
Auto dealerships: Charge's team is targeting top dealer groups with multiple OEM requirements across their portfolio of brands, with expansive nationwide geographic footprints.
Fleet, commercial and government entities: Given the cadence and availability of commercial EV vans and alternative transit products, Charge is working with potential clients on flexible, scalable solutions to assist companies in converting fleets to EV.
Commercial and retail charging: The global shift with OEMs towards EVs is propagating consumers increasing demand for EV Charging on-site, which has attracted the interest and growing support of a wide variety of potential clients, including grocery stores, big box retailers, real estate mall owners, parking garages and commercial as well as private parking lots and multi-family housing developments.
In addition to the above, Charge's strategy includes:
Strategic Alliances: Collaborating with industry leaders offers the opportunity to create a balance of complementary products and services to offer Charge clients, incorporating network operators, hardware/equipment manufacturers, engineering services, utilities, OEMs, client-centric offerings as well as industry peers.
Selective, strategic, M&A: Charge continues to seek acquisition opportunities that expand its scale, enhance our services and create greater value vertically and horizontally within the supply chain of adapting infrastructure implementation for EV Charging and 5G wireless networks, DAS, small cell and intelligent sites.
Expand technology-enabled solutions: Whether through M&A, strategic alliances and joint ventures or proprietary development, Charge continues to research and develop mobile application opportunities and tech enabled software service solutions designed to provide a seamless offering that assists clients and consumers with an easy, digital-first experience throughout EVC and wireless network infrastructures. Additionally, Charge is pursuing R&D for OCPP (open charging point protocol) solutions for EV Charging stations, as well as the potential integration of ANS's telco maintenance and monitoring solution, a licensed cloud based platform with artificial intelligence capabilities
Last, Charge is continually investing to build a team with world class industry expertise, vision, and professionalism.
View source version on accesswire.com:
https://www.accesswire.com/673611/Charge-Enterprises-Announces-Third-Quarter-2021-Financial-Results
$CRGE & Smart Charge America Establish a Strategic Alliance for Electric Vehicle (EV) Charging Infrastructure
NEW YORK, NY / ACCESSWIRE / November 16, 2021 / Charge Enterprises Inc. (OTC PINK:CRGE), ("Charge"), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric-vehicle charging ("EV") infrastructure, and Smart Charge America ("Smart Charge"), providing home and commercial EV charging installations, announced today that they have formed a Strategic Alliance.
Charge's strategic alliance with Smart Charge will generate growth in EV infrastructure and increase Charge's geographic footprint. Smart Charge was established in Austin in 2007 and has installed nearly 10,000 chargers inside 20 cities across America. Smart Charge offers residential, commercial and service & maintenance related services. Charge and Smart Charge are aligned with an agnostic approach to equipment, providing optimal charging solutions across all industry sectors.
Charge's expertise in delivering seamless bespoke, end-to-end infrastructure solutions including EV charging design, engineering, equipment selection and sourcing, installation, software sourcing, maintenance and monitoring, along with Charge's complementary crossover infrastructure solutions addressing intelligent wireless networks, necessary for operating, as well as service maintenance and monitoring of charging hardware. These as well as additional proprietary products and services in development at Charge will further align with Smart Charge.
"Together we will collaborate to deliver reliable and efficient EV charging solutions to help people everywhere with residential and commercial installations and work together to tackle range anxiety and overcome the barriers to buying electric vehicles." said Andrew Fox, Chairman and CEO of Charge. "We believe in building infrastructures to move and connect people."
"Our mission is to accelerate the electrification of sustainable transportation", said David Laderberg, Vice President of Smart Charge America. "By forming this Alliance with Charge Enterprises we will cement that mission and ensure EV growth across the United States."
About Smart Charge America
With our active & fast paced lifestyle, installing a 240-volt CHARGE station is a must to support your plug-in electric car's needs as it will ensure getting fully CHARGED quickly & efficiently. A fast & full CHARGE is what you should demand from your system, especially with how much we rely on our vehicles today so why settle for anything less? A 240-volt CHARGE station provides a variety of benefits to the driver.
To find out more: Smart Charge America
View source version on accesswire.com:
https://www.accesswire.com/672908/Charge-Enterprises-and-Smart-Charge-America-Establish-a-Strategic-Alliance-for-Electric-Vehicle-EV-Charging-Infrastructure
$CRGE Qtrly Report Notification of Late Filing 09-30-21
PDF
https://www.otcmarkets.com/otcapi/company/financial-report/310498/content
Like Boom ?
$CRGE Quarterly TWH Fins 09-30-20 Restated
PDF:
https://www.otcmarkets.com/otcapi/company/financial-report/310110/content
$CRGE Charge Enterprises Comments on Infrastructure Bill Passage
Historic Legislation Charges the Electric & Broadband Future and, Directly Fueling the Company's Core Competencies
NEW YORK, NY / ACCESSWIRE / November 9, 2021 / Charge Enterprises Inc. (OTC PINK:CRGE), ("Charge" or "the Company"), consisting of a portfolio of global businesses with the vision of connecting people through communications and electric vehicle (EV) charging infrastructure, today commented on the U.S. Congress' passage of the "Infrastructure Investment and Jobs Act" (H.R. 3684), the Biden administration's $1 trillion infrastructure bill, that will add substantial public funding to private and enterprise capital investments already at work in several crucial areas of electric transportation, broadband and utility infrastructure.
"This is an historic piece of legislation that, when signed into law, will accelerate the transformation already underway in intelligent wireless connectivity and electrification, supplementing private and enterprise investments in our electric future and directly fueling Charge's core competencies," said Charge's CEO Andrew Fox. "Charge's goal is to be the trusted global infrastructure partner for 5G wireless network and intelligent sites as well as EV Charging, offering a unique, differentiated value proposition through bespoke, hardware and software agnostic solutions encompassing our cross-over industries of mobility and connectivity infrastructures."
Charge develops and deploys infrastructure to move and connect people across the globe, installing 5G, building wireless networks and EV charging ecosystems; delivering the infrastructure clients require today to grow with them as scale is required to meet future demands. There are a number of strong demand drivers in this space, with capital investments coming from the private and enterprise sectors. The Biden administration's legislation adds another significant push to these drivers and benefits the following areas:
Charge Infrastructure Division - Charge's Infrastructure Divisions provides end-to-end installation solutions, including design and engineering, equipment specification and sourcing, installation, data and software solutions and maintenance and monitoring, that make it simple to go electric. The bill's provisions support Charge's efforts in:
EV Infrastructure - The bill includes $7.5 billion to build out a national network of EV chargers. This is the first-ever national investment in EV charging infrastructure in the United States and is a critical element to accelerate the adoption of EVs to address the climate crisis and support domestic manufacturing jobs.
Electric Buses - American school buses play a critical role in expanding access to education, but they are also a significant source of pollution. The bill invests $2.5 billion in electric buses, expanding access to rural communities, helping school districts across the country buy clean, American-made, zero emission buses, and replace the yellow school bus fleet.
Charge Communications Division - Charge's Communications Division provides provided termination of both voice and data to Carriers and Mobile Network Operators (MNO's) as well as, through ANS Advanced Network Services (ANS), Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low Latency Communications (URLLC), Massive Machine Type Communications (mMTC), creating and maintaining intelligent networks that are designed for the future. The bill's provisions support Charge's efforts in:
High-Speed Internet - Broadband internet is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected. The bill's $65 billion investment would ensure every American has access to reliable high-speed internet with an historic investment in broadband infrastructure deployment.
Power Infrastructure - The bill's $73 billion investment is the single largest investment in clean energy transmission in American history. It upgrades power infrastructure, including building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewable energy. It would create a new Grid Deployment Authority, invest in research and development for advanced transmission and electricity distribution technologies, and promote smart grid technologies that deliver flexibility and resilience.
Mr. Fox concluded, "Charge optimizes infrastructure engineering and design planning and installation, building an ecosystem critical for the intersection of mobility, communication and wireless data transmission that addresses today's needs and tomorrow's emerging applications. We are very excited about the generational change that this legislation can create for all communities and the potential it offers our customers as they embrace the EV revolution and intelligent sites."
View source version on accesswire.com:
https://www.accesswire.com/671880/Charge-Enterprises-Comments-on-Infrastructure-Bill-Passage
Leon answers by twitter
nothing like a lil extra advert for $crge ...hint-hint
should it actually happen $20 would still be on earth
whereas would probably send it 'to da moon'
Bozos bought hawaii so he's out - Mele Kalikimaka
$CRGE
Whats all the hoopla?
Got something good coming?
$CRGE Quarterly Report Financial Statements - June 30, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/308794/content