UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14A
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Required in Proxy Statement
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Preliminary Proxy Statement
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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Climate
Change Crisis Real Impact I Acquisition Corporation
(Name
of Registrant as Specified In Its Charter)
N/A
(Name
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On
February 19, 2021, Climate Change Crisis Real Impact I Acquisition Corporation issued a press release. Below is a copy of the
press release, which is being filed herewith as a soliciting material.
Climate
Change Crisis Real Impact I Acquisition Corporation (“CRIS”)
Press
Release
February
19, 2021
EVgo Awarded Grants by State of New Jersey
to Support Development of 30 New Fast Chargers
EVgo Expanding Presence Across NJ in Partnership
with Department of Environmental Protection’s It Pay$ to Plug In Initiative
LOS ANGELES
- February 19, 2021 - EVgo, the nation’s largest public fast charging network for electric vehicles (EVs) and
only platform that is powered by 100% renewable electricity, announced today that it was awarded a series of grants from the New
Jersey Department of Environmental Protection (DEP) to deploy thirty new DC fast charging stalls at eight locations across the
Garden State, including at grocery stores, retail shopping centers, and a travel plaza on the New Jersey Turnpike. Development
of the new stations will be supported by the New Jersey DEP’s It Pay$ to Plug In program.
“EVgo is
excited to partner with the New Jersey DEP to enable Electric for All by expanding the reach of reliable and convenient fast charging
to more EV drivers,” said Cathy Zoi, CEO of EVgo. “Public-private partnerships are critical for accelerating EV adoption,
and these new EVgo fast charging stations are a key piece of the puzzle. We look forward to enhancing and expanding our footprint
in New Jersey, while delivering efficient fast charging paired with a first-class customer experience.”
EVs are a key
part of any state’s efforts to reduce emissions and boost economic activity. New Jersey’s It Pay$ to Plug In
initiative is designed to expand the network of electric vehicle charging infrastructure, making it convenient for residents, businesses,
and government agencies to drive EVs. The grants support infrastructure purchase and installation for charging companies such as
EVgo.
As of October
2020, there were approximately 25,000 battery electric vehicles registered in New Jersey. In an October 2020 report issued by the
New Jersey DEP, Governor Phil Murphy’s administration set targets to increase total registrations of light-duty plug-in electric
vehicles in the state to 330,000 by 2025 and further to 2 million by 2035. With EV momentum building within the state, the need
for convenient and reliable charging options is growing in response.
About EVgo
EVgo is the nation’s
largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than
800 fast charging locations in more than 67 metropolitan areas across 34 states, EVgo owns and operates the most public fast charging
locations in the US. and serves more than 220,000 customers. Founded in 2010, EVgo leads the way on transportation electrification,
partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking
lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier
for all U.S. drivers to take advantage of the benefits of driving an EV. As a charging technology first mover, EVgo works closely
with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging
experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo is owned by LS Power,
a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American
power and energy infrastructure sector. For more information visit evgo.com and lspower.com.
About LS Power
LS Power is a
development, investment and operating company focused on the North American power and energy infrastructure sector. Since its
inception in 1990, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including
utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects, and has developed more than 660 miles
of high voltage electric transmission. Additionally, LS Power actively invests in businesses focused on renewable energy and renewable
fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. Across its efforts, LS Power
has raised in excess of $46 billion in debt and equity capital to support North American infrastructure. For more information,
please visit www.lspower.com/
About CRIS
CRIS is a special-purpose
acquisition company (SPAC) formed to identify and acquire a scalable company making significant contributions to the fight against
the climate crisis. CRIS is co-sponsored by private funds affiliated with Pacific Investment Management Company LLC (PIMCO), which
has more than $640 billion in sustainability investments across its portfolios. CRIS is led by a seasoned operations and leadership
team that has decades of experience at the intersection of climate change and capitalism, and includes veterans from NRG, Credit
Suisse, General Electric and Green Mountain Power. For more information, please visit www.climaterealimpactsolutions.com.
Important Information
About the Business Combination and Where to Find It
In connection
with the proposed business combination, CRIS (i) filed a preliminary proxy statement on February 11, 2021 and (ii) expects to file
a definitive proxy statement, in each case, with the Securities and Exchange Commission (“SEC”). The definitive proxy
statement and other relevant documents will be sent or given to the stockholders of CRIS as of the record date established for
voting on the proposed business combination and will contain important information about the proposed business combination and
related matters. Stockholders of CRIS and other interested persons are advised to read the preliminary proxy statement and any
amendments thereto and, once available, the definitive proxy statement, in connection with CRIS’s solicitation of proxies
for the meeting of stockholders to be held to approve, among other things, the proposed business combination because the proxy
statement will contain important information about CRIS, EVgo and the proposed business combination. When available, the definitive
proxy statement will be mailed to CRIS’s stockholders as of a record date to be established for voting on the proposed business
combination. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC’s
website at www.sec.gov/ or by directing a request to: Climate Change Crisis Real Impact I Acquisition Corporation, 300 Carnegie
Center, Suite 150 Princeton, NJ 08540, Attention: Secretary, telephone: (212) 847-0360. The information contained on, or that may
be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of,
this press release.
Participants
in the Solicitation
CRIS, EVgo and
their respective directors and executive officers may be deemed participants in the solicitation of proxies from CRIS’s
stockholders in connection with the business combination. CRIS’s stockholders and other interested persons may obtain, without
charge, more detailed information regarding the directors and officers of CRIS in CRIS’s preliminary proxy statement filed
with the SEC on February 11, 2021 in connection with the proposed business combination. Information regarding the persons who
may, under SEC rules, be deemed participants in the solicitation of proxies to CRIS’s stockholders in connection with the
proposed business combination is set forth in the preliminary proxy statement for the proposed business combination. Additional
information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination
is also included in the preliminary proxy statement that CRIS has filed with the SEC.
Forward-Looking
Statements
This press release
includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions
under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied
by words such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “plan,”
“predict,” “potential,” “seem,” “seek,” “future,” “outlook,”
and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All
statements, other than statements of present or historical fact included in this press release, regarding CRIS’s proposed
business combination with EVgo, CRIS’s ability to consummate the transaction, the benefits of the transaction and the combined
company’s future financial performance, as well as EVgo's andthe combined company’s strategy, future operations, estimated
financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking
statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current
expectations of the respective management of CRIS and EVgo and are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee,
an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible
to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CRIS or EVgo. Potential
risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking
statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions;
the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory
approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company
or the expected benefits of the business combination or that the approval of the stockholders of CRIS or EVgo is not obtained;
failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial
information with respect to EVgo; the amount of redemption requests made by CRIS’s stockholders; the overall level of consumer
demand for EVgo’s products; general economic conditions and other factors affecting consumer confidence, preferences, and
behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of EVgo’s
customers; EVgo’s ability to implement its business strategy; changes in governmental regulation, EVgo’s exposure to
litigation claims and other loss contingencies; disruptions and other impacts to EVgo’s business, as a result of the COVID-19
pandemic and government actions and restrictive measures implemented in response; stability of EVgo’s suppliers, as well
as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 pandemic; the
impact that global climate change trends may have on EVgo and its suppliers and customers; EVgo’s ability to protect patents,
trademarks and other intellectual property rights; any breaches of, or interruptions in, CRIS’s information systems; fluctuations
in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency
fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on
potential factors that could affect CRIS’s or EVgo’s financial results is included from time to time in CRIS’s
public reports filed with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports
on Form 8-K as well as the preliminary and the definitive proxy statements that CRIS has filed or intends to file with the SEC
in connection with CRIS’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things,
the proposed business combination. If any of these risks materialize or CRIS’s or EVgo’s assumptions prove incorrect,
actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks
that neither CRIS nor EVgo presently know, or that CRIS and EVgo currently believe are immaterial, that could also cause actual
results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect CRIS’s
and EVgo’s expectations, plans or forecasts of future events and views as of the date of this press release. CRIS and EVgo
anticipate that subsequent events and developments will cause their assessments to change. However, while CRIS and EVgo may elect
to update these forward-looking statements at some point in the future, CRIS and EVgo specifically disclaim any obligation to do
so, except as required by law. These forward-looking statements should not be relied upon as representing CRIS’s or EVgo’s
assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon
the forward-looking statements.
Contacts:
EVgo
For Investors:
EVgoIR@icrinc.com
For Media:
EVgoPR@icrinc.com
Climate
Real Impact Solutions
For Investors:
Daniel Gross
dan.gross@climaterealimpactsolutions.com
For Media:
Isaac Steinmetz
Director of Media
Relations
cris@antennagroup.com
646-883-3655
LS Power
Steven Arabia
Director, Government
Affairs & Media Relations
sarabia@lspower.com
609-212-3857
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