Spartan Acquisition Corp. III (NYSE:SPAQ) announced this afternoon that its shareholders have voted to approve its combination with Dutch electric vehicle (EV) charging company Allego.
The press release did not disclose much information on redemptions, but SPAQ has been trading above its trust value of $10 since the redemption deadline March 4. The deal was supported by 94% of SPAQ’s shares at the special meeting.
Spartan III brought approximately $552 million into the deal from its current trust supplemented by a $150 million PIPE at $10 per share. The PIPE drew participation from institutional investors Hedosophia, ECP and Apollo Global Management – Spartan III’s sponsor. The PIPE also included a strategic investment by energy metering company Landis+Gyr (SIX:LANDI) as well as EV-maker and fellow Spartan SPAC target Fisker (NYSE:FSR).
The transaction is expected to close the week of March 14 and the combined company’s name will be Allego N.V. Its ordinary shares and warrants are expected to trade on the New York Stock Exchange under the ticker symbols “ALLG” and “ALLG.WS,” respectively.
The parties initially announced their $2.6 billion combination last year on July 28. Arnhem, Netherlands-based Allego operates about 26,000 EV charging stations, including ultra-fast charging rigs, across 12 European countries.
Three other proposals were considered and approved at today’s special meeting.
ADVISORS
- Credit Suisse is serving as sole financial advisor and capital markets advisor to Allego.
- Weil, Gotshal & Manges LLP and NautaDutilh are serving as legal advisors to Allego.
- Barclays is serving as sole financial advisor and capital markets advisor to Spartan.
- Credit Suisse and Barclays are serving as co-lead placement agent on the PIPE offering.
- Credit Suisse, Citi and Apollo Global Securities are serving as co-placement agents.
- Vinson & Elkins L.L.P. is serving as legal advisor to Spartan.
- Latham & Watkins LLP is serving as legal advisor to the placement agents


Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...