ChargePoint and Switchback Electricity Acquisition Corporation Shut Business Blend
ChargePoint, Inc. (the “Firm” or “ChargePoint”), a primary electric motor vehicle (“EV”) charging network, and Switchback Power Acquisition Corporation (“Switchback”), a publicly traded unique function acquisition enterprise with a strategic emphasis on the strength price chain, right now announced that the two providers have done their company mixture (the “Enterprise Mix”). The Organization Mixture was approved by Switchback stockholders on February 25, 2021. The New York Stock Trade ticker symbols for the shares of prevalent stock and the warrants of the put together enterprise, renamed ChargePoint Holdings, Inc., are predicted to be changed to “CHPT” (NYSE:CHPT) and “CHPT.WS” respectively, beginning on March 1, 2021.
This press release characteristics multimedia. Perspective the entire launch right here: https://www.businesswire.com/information/residence/20210226005612/en/
About ChargePoint
ChargePoint is building the new fueling network to go all individuals and goods on energy. Considering that 2007, ChargePoint has been committed to making it straightforward for firms and motorists to go electric powered with one of the most significant EV charging networks and most complete portfolio of charging solutions accessible today. ChargePoint’s cloud subscription system and computer software-outlined charging components are made to involve possibilities for every charging circumstance from residence and multifamily to office, parking, hospitality, retail and transportation fleets of all sorts. Today, 1 ChargePoint account supplies access to hundreds-of-countless numbers of locations to charge in North The us and Europe. To date, far more than 88 million charging sessions have been shipped, with motorists plugging into the ChargePoint community somewhere around each individual two seconds. For extra info, take a look at the ChargePoint pressroom, the ChargePoint Trader Relations web-site, or get in touch with ChargePoint’s North American or European push offices or Trader Relations.
About Switchback
Switchback is a particular reason acquisition company and was shaped for the intent of effecting a merger, capital stock exchange, asset acquisition, stock obtain, reorganization or comparable organization combination with one particular or far more companies in the power value chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Electrical power Funds Management, L.L.C. and the administration team of Switchback. Switchback commenced investing on the NYSE in July 2019 and its prevalent inventory, models and warrants trade below the ticker symbols SBE, SBE.U and SBE.WS, respectively. For additional data, remember to take a look at www.switchback-power.com.
Ahead-Seeking Statements
The info bundled herein and in any oral statements designed in relationship herewith include things like “forward-wanting statements” inside the indicating of Segment 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. All statements other than statements of historical specifics contained herein are forward-seeking statements. Ahead-on the lookout statements may perhaps normally be discovered by the use of words these types of as “feel,” “might,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “be expecting,” “must,” “would,” “prepare,” “task,” “forecast,” “predict,” “prospective,” “seem,” “seek out,” “potential,” “outlook,” “target” or other comparable expressions that forecast or point out future occasions or traits or that are not statements of historical issues. These statements are based on different assumptions, no matter if or not determined herein, and on the existing anticipations of ChargePoint and Switchback’s management and are not predictions of foreseeable future activities. These ahead-looking statements are supplied for illustrative applications only and are not intended to provide as, and should not be relied on by any trader as a assurance, an assurance, a prediction or a definitive statement of, fact or probability. Actual situations and conditions are tricky or extremely hard to forecast and may perhaps differ from assumptions, and these kinds of dissimilarities may perhaps be materials.
[CHPT-IR]
Check out supply model on businesswire.com: https://www.businesswire.com/news/dwelling/20210226005612/en/
Contacts
ChargePoint, Inc.
Media
Darryll Harrison
Senior Director, World-wide Communications and Social Media
669-237-3380
[email protected]
[email protected]
Switchback Electrical power Acquisition Corporation
Media and Buyers
Scott McNeill and Jim Mutrie
[email protected]
Traders
Economical Profiles, Inc.
Dan Oppenheim, CFA
310-622-8235
[email protected]