ChargePoint and Switchback Energy Acquisition Corporation Close Business Combination
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.
- Successful completion of the business combination enhances ChargePoint's market presence.
- ChargePoint operates one of the largest EV charging networks with extensive charging solutions.
- Over 88 million charging sessions delivered, indicating strong user engagement.
- None.
ChargePoint, Inc. (the “Company” or “ChargePoint”), a leading electric vehicle (“EV”) charging network, and Switchback Energy Acquisition Corporation (“Switchback”), a publicly traded special purpose acquisition company with a strategic focus on the energy value chain, today announced that the two companies have completed their business combination (the “Business Combination”). The Business Combination was approved by Switchback stockholders on February 25, 2021. The New York Stock Exchange ticker symbols for the shares of common stock and the warrants of the combined company, renamed ChargePoint Holdings, Inc., are expected to be changed to “CHPT” (NYSE:CHPT) and “CHPT.WS” respectively, beginning on March 1, 2021.
About ChargePoint
ChargePoint is creating the new fueling network to move all people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and most complete portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 88 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s North American or European press offices or Investor Relations.
About Switchback
Switchback is a special purpose acquisition company and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy value chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. and the management team of Switchback. Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS,
FAQ
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