Spartan Acquisition Corp. III and Allego Holding B.V. Expect to Complete Business Combination on Wednesday, March 16, 2022
16 March 2022 - 6:02AM
Business Wire
Allego expects to begin trading on the New York
Stock Exchange on March 17, 2022, under the ticker symbols ALLG and
ALLG.WS
Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), a
publicly-traded special purpose acquisition company, today
announced that it plans to complete its business combination with
Allego Holding B.V. (“Allego”), a leading pan-European electric
vehicle charging network, on Wednesday, March 16, 2022.
“We look forward to closing our business combination with Allego
tomorrow and are very pleased to bring them public on the New York
Stock Exchange to continue advancing EV charging across Europe,”
said Geoffrey Strong, Chairman and Chief Executive Officer of
Spartan and Senior Partner and Co-Lead of Infrastructure and
Natural Resources at Apollo.
In connection with the completion of the business combination,
Allego N.V.’s (the “Company”) ordinary shares and warrants are
expected to commence trading on the New York Stock Exchange on
Thursday, March 17, 2022, under the ticker symbols “ALLG” and
“ALLG.WS,” respectively.
About Allego
Allego delivers charging solutions for electric cars, motors,
buses, and trucks, for consumers, businesses, and cities. Allego’s
end-to-end charging solutions make it easier for businesses and
cities to deliver the infrastructure drivers need, while the
scalability of our solutions makes us the partner of the future.
Founded in 2013, Allego is a leader in charging solutions, with an
international charging network comprised of more than 26,000 charge
points operational throughout Europe – and growing rapidly. Our
charging solutions are connected to our proprietary platform,
EV-Cloud, which gives us and our customers a full portfolio of
features and services to meet and exceed market demands. We are
committed to providing independent, reliable, and safe charging
solutions, agnostic of vehicle model or network affiliation. At
Allego, we strive every day to make EV charging easier, more
convenient, and more enjoyable for all.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III is a special purpose acquisition
entity focused on the energy value-chain and was formed for the
purpose of entering into a merger, amalgamation, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. Spartan
is sponsored by Spartan Acquisition Sponsor III LLC, which is owned
by a private investment fund managed by an affiliate of Apollo
Global Management, Inc. (NYSE: APO). For more information, please
visit www.spartanspaciii.com.
Forward-Looking Statements.
This communication includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Spartan’s and Allego’s
actual results may differ from their expectations, estimates, and
projections and, consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions (or the negative versions of such words or expressions)
are intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, Spartan’s
and Allego’s expectations with respect to future performance and
anticipated financial impacts of the business combination. These
forward-looking statements are subject to several risks and
uncertainties, including (i) changes in domestic and foreign
business, market, financial, political, and legal conditions; (ii)
risks related to the rollout of Allego’s business strategy and the
timing of expected business milestones; (iii) risks related to the
consummation of the proposed business combination with Spartan
being delayed or not occurring at all; (iv) risks related to
political and macroeconomic uncertainty; (v) the risk that the
operating and strategic initiatives described in this communication
are delayed or do not occur at all; and (vi) the impact of the
global COVID-19 pandemic, including its impact on any of the
foregoing risks. The foregoing list of factors is not exclusive.
Additional information concerning certain of these and other risk
factors is contained in Spartan’s most recent filings with the SEC
and in the registration statement on Form F-4 (the “Form F-4”),
including the proxy statement/prospectus forming a part thereof
filed by Athena Pubco in connection with the business combination
on September 30, 2021, as amended on December 14, 2021, January 18,
2022 and February 1, 2022. All subsequent written and oral
forward-looking statements concerning Spartan, Allego or Athena
Pubco, the transactions described herein or other matters and
attributable to Spartan, Allego, Athena Pubco or any person acting
on their behalf are expressly qualified in their entirety by the
cautionary statements above. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. Each of Spartan, Allego and Athena Pubco
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in their expectations with
respect thereto or any change in events, conditions, or
circumstances on which any statement is based, except as required
by law.
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For Allego Investors investors@allego.eu Media
allegoPR@icrinc.com
For Meridiam FTI Consulting
meridiamsc@fticonsulting.com
For Spartan Acquisition Corp. III Investors
info@spartanspacIII.com Media Communciations@apollo.com
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