Arena Investors Completes Recapitalization of Charge Enterprises
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.