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ChargePoint, Inc. has completed its business combination with Switchback Energy Acquisition Corporation, approved by Switchback stockholders on February 25, 2021. The combined company will be renamed ChargePoint Holdings, Inc., with common stock and warrants trading under the ticker symbols CHPT and CHPT.WS starting March 1, 2021. ChargePoint operates one of the largest electric vehicle charging networks, supporting numerous charging scenarios across North America and Europe with over 88 million charging sessions delivered.
Switchback Energy Acquisition Corporation (NYSE: SBE) announced that its stockholders approved the merger with ChargePoint, Inc., a major player in the electric vehicle charging network. The Business Combination is set to finalize on February 26, 2021, with the new entity named ChargePoint Holdings, Inc. Following the merger, the ticker symbols will change to "CHPT" and "CHPT WS" on the NYSE. Stockholders are encouraged to review the detailed proxy statement available on the SEC's website for further insights.
Switchback Energy Acquisition Corporation (NYSE: SBE) urges stockholders to vote regarding its proposed business combination with ChargePoint, Inc. on February 25, 2021. As of December 16, 2020, stockholders can still cast their votes, even if they no longer own shares. The company has reported a positive response to its voting campaign, with a significant number of proxies submitted. The combined entity post-acquisition will be renamed ChargePoint Holdings, Inc. and is projected to have over $600 million in cash for operations, growth, and debt repayment.
Switchback Energy Acquisition Corporation (NYSE: SBE) announced that approximately 99.9% of proxies support its business combination with ChargePoint, Inc.. A Special Meeting of Stockholders was adjourned to February 25, 2021, due to the lack of a necessary quorum, as about 45% of outstanding shares voted. Stockholders who held shares as of December 16, 2020 are urged to vote their shares to prevent delays. Following the merger, the combined company is expected to be renamed ChargePoint Holdings, Inc. and will have over $600 million in cash.
Switchback Energy Acquisition Corporation (NYSE: SBE) is reminding stockholders to vote for the proposed merger with ChargePoint, Inc. The virtual Special Meeting will occur on February 11, 2021, at 10:00 a.m. ET. As of now, 99.86% of proxies support the transaction, but a quorum of 45% has been reached. Additional votes are needed for approval. Following the merger, the new entity will be named ChargePoint Holdings, Inc., with more than $600 million in cash to fund operations and growth.
