-
Stockholders as of the Shut of Company on December 16, 2020 Must Vote Their Shares Even if They No Extended Own Them
-
Vote Now to Stay away from Further more Delay to the Closing of the Business Combination
Dallas, Texas, Feb. 18, 2021 (Globe NEWSWIRE) — Switchback Electricity Acquisition Company (NYSE: SBE) (“Switchback”), reminds its stockholders to vote in link with Switchback’s proposed organization mixture (the “Business Combination”) with ChargePoint, Inc. (“ChargePoint”). Switchback’s special conference (the “Special Meeting”) to vote on the proposals described in Switchback’s definitive proxy assertion/prospectus/consent solicitation statement, dated January 8, 2021 (the “Registration Statement”) will be held nearly at https://www.cstproxy.com/switchbackenergy/sm2021, on February 25, 2021, at 10:00 a.m., Japanese time.
Switchback requests that any trader who held shares of stock in Switchback as of the near of company on December 16, 2020 and has not nonetheless voted do so as before long as doable.
Scott McNeill, CEO, CFO and Director of Switchback reported, “Our final decision to deliver additional time for investors to get their votes in is proving important, and we have been pleased with the variety of proxies that have been submitted in the previous week. We are grateful for the support of all buyers who have already voted, and we motivate individuals who have not to be sure to vote by the Particular Assembly on February 25.”
The board of directors of Switchback endorses you vote “for” the business enterprise blend with ChargePoint and “for” all of the linked proposals explained in the Registration Assertion.
-
If you owned Switchback (NYSE: SBE) stock as of the near of business enterprise on December 16, 2020, you are urged to vote as quickly as achievable.
-
Switchback is offering supplemental element about voting your shares on their web site – https://switchback-electricity.com/vote/.
-
If you had been a Switchback stockholder as of the near of business on December 16, 2020, you can vote or get guidance in voting by calling Morrow Sodali LLC, Switchback’s proxy solicitor, toll-cost-free at (877) 787-9239.
-
Digital voting platforms are open up for voting. You may perhaps vote electronically by adhering to the guidance furnished by your broker, bank or other nominee.
-
ChargePoint, Inc. is just one of the world’s greatest electric powered automobile (“EV”) charging networks with the market’s most finish portfolio of charging alternatives obtainable nowadays. Next the closing of the Enterprise Mix, it is predicted that the put together corporation will be renamed ChargePoint Holdings, Inc. and will have a lot more than $600 million of money on its equilibrium sheet to fund operations, help development, repay financial debt and for basic company applications.
Switchback urges its stockholders who have not voted to do so as soon as probable. If you have any questions concerning the Unique Assembly or will need assistance voting your shares, be sure to call Switchback’s proxy solicitor, Morrow Sodali LLC, toll-free of charge at (877) 787-9239 or by electronic mail at [email protected].
In connection with the proposed Business enterprise Mixture, Switchback filed the Registration Statement with the U.S. Securities and Trade Commission (the “SEC”) on January 8, 2021, and the Registration Assertion and proxy card ended up mailed shortly thereafter to stockholders of file as of the close of business on December 16, 2020. The Registration Statement is out there on the SEC web-site at www.sec.gov. Switchback stockholders are inspired to examine the Registration Assertion, including, amongst other issues, the causes for Switchback’s Board of Directors’ unanimous advice that stockholders vote “FOR” the Small business Combination and the other stockholder proposals set forth in the Registration Statement as perfectly as the history of the approach that led to the pending organization mix with ChargePoint.
How do I vote my shares?
If your shares are held in “street name” as explained earlier mentioned, you can instruct your broker, bank or other nominee how to vote the shares in your account by next the directions that the broker, lender or other nominee furnished to you along with the Registration Statement.
If you require guidance voting your shares, be sure to call Morrow Sodali LLC, Switchback’s proxy solicitor, toll-no cost at (877) 787-9239.
Can I even now vote if I no for a longer period own my shares?
Sure, if you owned shares as of the close of business enterprise on December 16, 2020, the record day for the Exclusive Assembly, you can nonetheless vote your shares even if you no for a longer time have them.
Further Details on the Enterprise Mixture and The place to Find It
In connection with the proposed Company Mix, Switchback submitted the Registration Assertion with the SEC, which consists of a proxy statement/prospectus of Switchback and a consent solicitation statement of ChargePoint. The Registration Assertion has been declared productive by the SEC and the definitive proxy statement/prospectus/consent solicitation assertion has been mailed out to Switchback’s stockholders. Switchback’s stockholders and other interested persons are advised to read the definitive proxy assertion/prospectus/consent solicitation statement (together with all amendments and health supplements thereto) and other files relating to the Business enterprise Combination filed with the SEC as these elements have important information and facts about Switchback, ChargePoint and the Enterprise Blend. Stockholders may well attain copies of the definitive proxy statement/prospectus/consent solicitation assertion and other paperwork submitted with the SEC, without having cost, at the SEC’s website web site at www.sec.gov, or by directing a request to: Switchback Vitality, 5949 Sherry Lane, Suite 1010, Dallas, TX, 75225, Attention: Jim Mutrie, Main Industrial Officer, Normal Counsel, Secretary and Director, (972) 514-9535.
Participants in the Solicitation
Switchback and its administrators and executive officers might be deemed to be members in the solicitation of proxies from Switchback’s stockholders in connection with the Organization Mixture. ChargePoint and its officers and directors might also be considered members in this kind of solicitation. Information about the administrators and govt officers of Switchback is established forth in Switchback’s Annual Report on Sort 10-K which was filed with the SEC on February 10, 2021. Other info about the participants in the proxy solicitation and a description of their direct and oblique passions, by protection holdings or if not, are contained in the definitive proxy assertion/prospectus/consent solicitation statement and other related resources submitted with the SEC.
About Switchback
Switchback is a unique function acquisition company and was shaped for the goal of effecting a merger, cash inventory trade, asset acquisition, inventory purchase, reorganization or related small business combination with 1 or a lot more businesses in the electricity worth chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a personal expense fund suggested by NGP Energy Cash Administration, L.L.C. and the management workforce of Switchback. Switchback began buying and selling on the New York Stock Exchange in July 2019 and its typical inventory, models and warrants trade beneath the ticker symbols SBE, SBE.U and SBE.WS, respectively. For additional facts, be sure to visit www.switchback-energy.com.
About ChargePoint
Because 2007, ChargePoint has been fully commited to earning it effortless for companies and motorists to go electrical. The corporation has crafted a single of the world’s major EV charging networks and most comprehensive portfolio of charging alternatives accessible currently. ChargePoint’s cloud membership system and software-described charging components are developed to include things like options for just about every charging state of affairs from home and multifamily to workplace, parking, hospitality, retail and transportation fleets of all styles. Right now, one ChargePoint account supplies obtain to hundreds-of-1000’s of destinations to charge in North The united states and Europe. To date, motorists have logged additional than 88 million charging periods, with drivers plugging into the ChargePoint community roughly each two seconds. ChargePoint is creating the new fueling community to move all individuals and goods on energy.
Ahead Wanting Statements
The info provided herein and in any oral statements designed in relationship herewith involve “forward-hunting statements” inside the which means of Segment 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act of 1934, as amended. All statements other than statements of historical information contained herein are forward-hunting statements. Ahead-wanting statements may possibly frequently be discovered by the use of words this sort of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other very similar expressions that predict or point out potential events or trends or that are not statements of historic matters. These ahead-wanting statements consist of, but are not restricted to, statements concerning estimates and forecasts of other financial and functionality metrics, projections of marketplace chance and marketplace share. These statements are dependent on various assumptions, no matter if or not recognized herein, and on the current anticipations of ChargePoint and Switchback’s management and are not predictions of genuine effectiveness. These forward-looking statements are furnished for illustrative reasons only and are not supposed to serve as, and will have to not be relied on by any investor as a promise, an assurance, a prediction or a definitive statement of, reality or likelihood. Genuine situations and situations are challenging or not possible to predict and may perhaps differ from assumptions, and this kind of variances might be product. Quite a few genuine events and situation are past the handle of ChargePoint and Switchback. These ahead-seeking statements are subject to a number of challenges and uncertainties, like adjustments in domestic and overseas business, market place, money, political and authorized disorders pitfalls relating to the uncertainty of the projected fiscal info with respect to ChargePoint the lack of ability of the parties to properly or timely consummate the proposed transactions, like the risk that any needed regulatory approvals are not obtained, are delayed or are issue to unanticipated conditions that could adversely have an impact on the merged company or the predicted added benefits of the proposed transactions or that the acceptance of the stockholders of Switchback or ChargePoint is not obtained the failure to know the expected advantages of the proposed transactions challenges associated to the rollout of ChargePoint’s business and the timing of envisioned business enterprise milestones ChargePoint’s dependence on prevalent acceptance and adoption of electrical vehicles and greater set up of charging stations ChargePoint’s capacity to sustain helpful inside controls around monetary reporting, like the remediation of identified material weaknesses in inside control in excess of fiscal reporting relating to segregation of responsibilities with regard to, and accessibility controls to, its financial file trying to keep method, and ChargePoint’s accounting staffing degrees ChargePoint’s current dependence on income of charging stations for most of its revenues all round need for electric powered vehicle charging and the prospective for reduced demand from customers if governmental rebates, tax credits and other money incentives are minimized, modified or eliminated or governmental mandates to maximize the use of electric powered vehicles or reduce the use of cars powered by fossil fuels, both straight or indirectly via mandated restrictions on carbon emissions, are diminished, modified or eliminated likely adverse consequences on ChargePoint’s income and gross margins if consumers significantly claim clear electrical power credits and, as a final result, they are no extended accessible to be claimed by ChargePoint the outcomes of competitiveness on ChargePoint’s upcoming business enterprise pitfalls associated to ChargePoint’s dependence on its intellectual property and the hazard that ChargePoint’s technology could have undetected defects or glitches the volume of redemption requests built by Switchback’s public stockholders the ability of Switchback or the mixed organization to situation fairness or fairness-connected securities or obtain financial debt funding in relationship with the proposed transactions or in the long term and those elements discussed in Switchback’s final prospectus dated July 25, 2019, Annual Report on Form 10-K for the fiscal calendar year finished December 31, 2020 and the definitive proxy statement/prospectus/consent solicitation statement, in every single situation, below the heading “Risk Aspects,” and other files of Switchback filed, or to be filed, with the SEC. If any of these risks materialize or Switchback’s or ChargePoint’s assumptions establish incorrect, precise results could vary materially from the final results implied by these forward-wanting statements. There might be additional threats that neither Switchback nor ChargePoint presently know or that Switchback and ChargePoint presently believe that are immaterial that could also cause real final results to vary from all those contained in the forward-wanting statements. In addition, ahead-looking statements mirror Switchback’s and ChargePoint’s expectations, programs or forecasts of long run activities and sights as of the day hereof. Switchback and ChargePoint anticipate that subsequent functions and developments will bring about Switchback’s and ChargePoint’s assessments to improve. However, although Switchback and ChargePoint may possibly elect to update these forward-hunting statements at some position in the upcoming, Switchback and ChargePoint specially disclaim any obligation to do so. These forward-on the lookout statements need to not be relied upon as representing Switchback’s and ChargePoint’s assessments as of any date subsequent to the date hereof. Accordingly, undue reliance really should not be positioned on the forward-seeking statements. Added details about these and other things that could impression Switchback’s expectations and projections can be found in Switchback’s periodic filings with the SEC, such as Switchback’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and the definitive proxy statement/prospectus/consent solicitation assertion. Switchback’s SEC filings are accessible publicly on the SEC’s website at www.sec.gov.
No Present or Solicitation
This interaction does not constitute an supply to offer or the solicitation of an offer you to buy any securities or constitute a solicitation of any vote or acceptance.
Investor Get in touch with:
Morrow Sodali LLC
Donna Corso or Ryan Loveless
(877) 787-9239
[email protected]
