Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 9:53 PM
| This Slide: #48 of 100 |
Slide #48. Switchback Energy Acquisition Corporation — ChargePoint, Inc.
Acquirer:
Switchback Energy Acquisition Corporation (NYSE:SBE)
Acquiree:
ChargePoint, Inc.
Details:
Switchback Energy Acquisition Corporation (NYSE: SBE) ("Switchback") announced that at a Special Meeting of stockholders held today, Switchback's stockholders voted in favor of the proposed business combination (the "Business Combination") with ChargePoint, Inc. ("ChargePoint"), a leading electric vehicle ("EV") charging network. The completion of the Business Combination is expected to occur tomorrow, February 26, 2021, subject to the satisfaction or waiver of customary closing conditions. Following the closing of the Business Combination, the combined company will be renamed "ChargePoint Holdings, Inc." and it is anticipated that on March 1, 2021, the ticker symbol of its shares of common stock and warrants, which are listed on the New York Stock Exchange, will be changed to "CHPT" and "CHPT WS," respectively.
Switchback Energy Acquisition is a blank check company.
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