On August 21, 2023, Arena Investors LP, a New York-based investment firm, significantly increased its stake in Charge Enterprises Inc (NASDAQ:CRGE), a leading provider of electrical, broadband, and electric vehicle (EV) charging infrastructure services. This article provides an in-depth analysis of the transaction, the profiles of both Arena Investors LP and Charge Enterprises Inc, and an evaluation of CRGE's stock performance. The transaction took place on August 21, 2023, with Arena Investors LP adding 9,971,811 shares of Charge Enterprises Inc to its portfolio at a trade price of $0.6348 per share.