EVgo Inc. (EVGO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 178.87% of current shares
Recent Dilution: 30.05% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
140M
Potential Supply
250M
Additional shares possible
Splits
None
Past 2 years

Summary

EVGO currently has 139M outstanding shares. with significant dilution risk as 248M authorized shares could dilute existing holders by 178.9%. The company has significantly diluted shareholders by 30.05% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 138.6M shares outstanding

140M 250M
Aug 05, 2025

10-Q filing | 134.2M shares outstanding

130M 250M
May 06, 2025

10-Q filing | 132.5M shares outstanding

130M 250M
Mar 06, 2025

10-K filing | 133.5M shares outstanding

130M 250M
Dec 18, 2024

8-K filing: EVgo Inc. redeemed 23,000,000 units of OpCo and 23,000,000 shares of the Company's Class B common stock from LS Power in exchange for 23,000,000 newly issued shares of the Company's Class A common stock, and LS Power is offering 23,000,000 Class A Shares at a public offering price of $5.00 per share. ($115.0M proceeds)

110M 250M
Nov 12, 2024

10-Q filing | 106.9M shares outstanding

110M 250M
Aug 01, 2024

10-Q filing | 106.3M shares outstanding

110M 250M
May 07, 2024

10-Q filing | 195.8M shares outstanding

200M 250M
Mar 06, 2024

10-K filing | 195.8M shares outstanding

200M 250M
Nov 08, 2023

10-Q filing | 103.4M shares outstanding

100M 250M
Aug 02, 2023

10-Q filing | 195.8M shares outstanding

200M 250M
May 22, 2023

8-K filing: On May 22, 2023, the Company issued and sold an aggregate of 29,411,765 shares of its Class A common stock at a price of $4.25 per share, with LS Power purchasing 5,882,352 of the shares, resulting in net proceeds to the Company of approximately $120.3 million. ($120.3M proceeds)

200M 250M
May 09, 2023

10-Q filing | 195.8M shares outstanding

200M 250M
Mar 30, 2023

10-K filing | 195.8M shares outstanding

200M 250M
Feb 23, 2023

8-K filing: The Court of Chancery validated the stockholder vote approving the Charter Amendment Proposal and the effectiveness of the New Charter, including the conversion of Class B common stock into 5,750,000 shares of Class A common stock.

200M 250M
Nov 04, 2022

10-Q filing | 195.8M shares outstanding

200M 250M
Aug 10, 2022

10-Q filing | 195.8M shares outstanding

200M 250M
Aug 10, 2022

S-3 filing: This S-3 filing relates to the issuance by EVgo Inc. of Class A common stock and preferred stock, up to 18,097,120 shares of Class A Common Stock issuable upon exercise of warrants, and the offer and resale from time to time by the selling securityholders of up to 200,747,717 shares of Class A Common Stock and up to 3,148,569 Private Placement Warrants.

260M 250M
May 13, 2022

10-Q filing | 195.8M shares outstanding

200M 26M
Mar 24, 2022

10-K filing | 68.7M shares outstanding

69M 26M
Mar 24, 2022

POS AM filing: This prospectus relates to the issuance of up to 18,097,278 shares of Class A common stock upon exercise of warrants and the offer and resale of up to 11,544,024 shares of Class A common stock and up to 3,148,569 Private Placement Warrants by selling stockholders.

68M 26M
Nov 12, 2021

10-Q filing | 68.0M shares outstanding

68M 120M
Aug 13, 2021

10-Q filing | 10.2M shares outstanding

10M 120M
Jul 28, 2021

S-1/A filing: This S-1/A filing relates to the potential issuance and resale of Class A common stock and warrants of EVgo Inc.

7.6M 120M
Jul 20, 2021

S-1 filing: The filing is an S-1 registration statement related to the offering of Class A Common Stock underlying Private Warrants with an exercise price of $11.50 per share.

7.6M 26M
Jul 08, 2021

8-K filing: Climate Change Crisis Real Impact I Acquisition Corporation consummated a PIPE financing, selling 40,000,000 shares of Class A common stock at $10.00 per share, raising $400,000,000, with specific allocations to CRIS PIPE ONE, LLC (500,000 shares) and PIMCO private funds (5,000,000 shares). ($455.0M proceeds)

7.6M 26M
May 20, 2021

10-Q filing | 7.6M shares outstanding

7.6M 26M
Mar 29, 2021

10-K filing | 1.3M shares outstanding

1.3M 26M
Jan 22, 2021

8-K filing: Climate Change Crisis Real Impact I Acquisition Corporation (CRIS) enters into a business combination agreement with EVgo Holdings, LLC, involving contributions of assets and shares between CRIS, its subsidiary SPAC Sub, Holdings, and EVgo OPCO, LLC, resulting in an Up-C structure and a private placement (PIPE) of 40,000,000 shares of Class A common stock at $10.00 per share. ($400.0M proceeds)

5.8M 26M
Nov 12, 2020

10-Q filing | 5.8M shares outstanding

5.8M 26M
Oct 08, 2020

8-K filing: Climate Change Crisis Real Impact I Acquisition Corporation completed its initial public offering of 23,000,000 units at $10.00 per unit and a private placement of 6,600,000 warrants with Climate Change Crisis Real Impact I Acquisition Holdings LLC at $1.00 per warrant. ($236.6M proceeds)

5.8M 26M
Oct 05, 2020

8-K filing: Climate Change Crisis Real Impact I Acquisition Corporation consummated its IPO of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and also consummated a private placement of 6,600,000 private placement warrants to the Sponsor at $1.00 per warrant, generating gross proceeds of $6,600,000. ($236.6M proceeds)

5.8M 26M
Sep 15, 2020

S-1/A filing: Climate Change Crisis Real Impact I Acquisition Corporation proposes to sell 20,000,000 units to underwriters, with an option to purchase 3,000,000 additional units.

5.8M 26M
Sep 10, 2020

S-1 filing: Climate Change Crisis Real Impact I Acquisition Corporation is offering 20,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant; also, the sponsor has agreed to purchase 6,000,000 warrants at a price of $1.00 per warrant in a private placement.

5.8M 26M
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