ChargePoint, Inc. (the “Company” or “ChargePoint”), a leading electric vehicle charging network (“EV”), and Switchback Energy Acquisition Corporation (“Switchback”), a publicly traded, special-purpose acquisition company with a strategic focus on energy value chain, announced today that the two companies have completed their business combination (the “Business Combination”). The Business Combination was approved by the shareholders of Switchback on February 25, 2021. The symbols of the New York Stock Exchange for the common shares and subscription warrants of the combined company, renamed ChargePoint Holdings, Inc., should be changed to “CHPT” (NYSE: CHPT) and “CHPT.WS”, respectively, from March 1, 2021.
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About ChargePoint
ChargePoint is creating the new supply network to move all people and goods with electricity. Since 2007, ChargePoint has been committed to making it easier for businesses and drivers to become electric with one of the largest EV charging networks and the most complete portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for all charging scenarios, from home and multi-family to the workplace, parking, hospitality, retail and transportation fleets of all types . Today, a ChargePoint account provides access to hundreds of thousands of billing locations in North America and Europe. To date, more than 88 million charging sessions have been delivered, with drivers connecting to the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint press room, ChargePoint’s Investor Relations website, or contact 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 merging, 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, LLC and the Switchback management team. Switchback started trading on the NYSE in July 2019 and its common shares, units and guarantees are traded under the symbols SBE, SBE.U and SBE.WS, respectively. For more information, visit www.switchback-energy.com.
Forward-Looking Statements
The information included in this document and in any oral statements made in connection with this includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except the statements of historical facts contained herein, are forward-looking statements. Forward-looking statements can generally be identified by using words such as “believe”, “can”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “wait” “must,” “would, “” plans “,” projects “,” forecasts “,” forecasts “,” potential “,” seems “,” search “,” future “,” perspective “,” destination “or other similar expressions or indicates future events or trends or that are not statements of historical matters. These statements are based on a number of assumptions, whether identified or not here, and the current expectations of ChargePoint and Switchback management and are not predictions of future events. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and should not be considered by, any investor as a guarantee, a guarantee, a prediction or a definitive statement of a fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material.
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Contacts
ChargePoint, Inc.
media
Darryll Harrison
Senior Director, Global Communications and Social Media
669-237-3380
[email protected]
[email protected]
Switchback Energy Acquisition Corporation
Media and investors
Scott McNeill and Jim Mutrie
[email protected]
Investors
Financial Profiles, Inc.
Dan Oppenheim, CFA
310-622-8235
[email protected]