Recharge RCHGU = 1C + 1/2W


Prospectus 10-2-2020

1W + 11.50

24 months to complete

IPO Trust $10.10 - $202.0 million or $232.3 million if the underwriters’ over-allotment option is exercised in full  

​RAJA - EarlyBird 

We will seek to capitalize on the decades of experience and relationships of our management team, including Anthony Kenney, our Chief Executive Officer and a director. Mr. Kenney previously worked for Marathon Petroleum Corporation (NYSE: MPC) (“MPC”) for the past 43 years and recently retired as President of its Speedway division, which he led since 2005. Under his leadership, Speedway became the second largest company-owned and operated convenience and fuel store chain in the United States with over $20 billion in revenue and 35,000 employees. Mr. Kenney led a significant increase in the scale and scope of the business through acquisitions, and ultimately increased store count from approximately 1,600 in 2005 to 3,923 locations nationwide in 2019. Moreover, he is recognized as having been instrumental in developing Speedway’s Loyalty Program.
We also seek to capitalize on the experience of Michael Gearhardt, our Chief Financial Officer, who has significant public company management experience having served as Executive Vice President, Chief Financial Officer of MTC Technologies, Inc. (NASDAQ: MTCT) (“MTCT”). During his time with MTCT, he oversaw the completion of acquisitions and capital markets transactions and ultimately led the $450 million sale of the company to BAE Systems. Prior to MTCT, Mr. Gearhardt worked for two decades in management and finance capacities with Mark IV Industries/Dayco Products (NYSE-IV); during which time he was appointed to Executive Vice President, Industrial Operations and participated in a number of acquisitions and dispositions including the $2.0 billion sale of the company. Mr. Gearhardt also has invested in and sold several manufacturing businesses and is a Certified Public Accountant.
Management also expects to greatly benefit from the depth of experience and relationships of our Board Members:
Rajesh Soin, our Chairman, previously founded MTCT and served as Chairman and Chief Executive Officer for approximately 18 years until its initial public offering in 2002, when he became Chairman. MTCT was sold to BAE Systems Inc. in 2008 for approximately $450 million. Mr. Soin is an entrepreneur with significant public company management experience and broad relationships. He presently invests through the Soin Family office and serves on the board of Kayne Anderson Real Estate Partners as well as Transtar Industries, which manufactures and distributes automotive original equipment and aftermarket products. Mr. Soin previously served on the board of Diebold Nixdorf, Incorporated (NYSE: DBD) where he was on the Governance and Compensation committees.
Mitchell Steenrod, a director, is the retired Senior Vice President and Chief Financial Officer of Pilot Travel Centers LLC (doing business as “Pilot Flying J”), the nation’s largest operator of travel centers. Mr. Steenrod joined the board of CarMax, Inc. (NYSE: KMX) in 2011 and currently serves as the Lead Independent Director.
Donald Graber, a director, previously served on the board of Precision Castparts Corporation (“PCC”) starting in 1995, was lead director for three years, chaired the Nominating & Governance Committee and was on the Compensation Committee. PCC was ultimately sold to Berkshire Hathaway for approximately $37 billion. Mr. Graber also previously served on the board of MTCT alongside Mr. Soin and was on the boards of Amcast Industrial Corporation and Huffy Corporation.
John Bachman, a director, previously had a long-standing career at PricewaterhouseCoopers (“PwC”) and was named U.S. Strategy Leader in 2004, when he created the first strategic planning process using a multi-faceted approach across the matrix organization focusing on business units, geographies, and industries. In 2007, he was elevated to Chief Operating Officer of the assurance practice in the United States, which represented over 50% of PwC’s revenue. Mr. Bachman serves on the board of The Children’s Place, Inc. (NASDAQ: PLCE), WEX Inc. (NYSE: WEX) and Grocery Outlet Holding Corp. (NASDAQ: GO), each of which is a public company. He chairs the Audit Committee of both The Children’s Place and Grocery Outlet Holding Corp.