Pasquale Romano, CEO at Campbell-based ChargePoint, explains his plan to go public next month in a reverse merger that values the combined companies at about $2.4 billion. ChargePoint's revenue hit $147 million in 2019, so I think $30 is a very safe price target for the stock in the short term. ChargePoint, Inc. deal may be delayed by weeks if too few shareholders cast votes Investors need to vote electronically or call their brokers/banks to vote Any ⦠SBE stock is a SPAC, or a blank-check company, looking to take ChargePoint public via a merger. In this case Switchback Energy Acquisition is merging with ChargePoint in a $2.4 billion deal. It seems like the voting date is probably pushed back to sometime in 2021. As with Nikola Motor, the IPO will take place through a merger, in this case with the investment firm Switchback Energy Acquisition. Should You Buy Switchback Energy Stock Before the Merger or Wait? SBE Stock Awaits Merger Vote Switchback Energy is a special purpose acquisition company (SPAC) that raised $300 million in its IPO to combine with an energy-related company. ChargePoint is a highly touted EV charging play, and is widely expected to do well once publicly traded. Since then, SBE stock has been on fire. Mark on your calendar! ChargePoint Charging Stations stock market USA The charging infrastructure provider ChargePoint has announced its IPO. Switchback Energy holds a special meeting on February 11 to approve the ChargePoint merger. ChargePoint seems fully valued, but growth could push it up. ChargePoint, the world's largest provider of electric-vehicle charging stations, said on Thursday it will go public with a reverse-merger ⦠ChargePoint is using the special purpose acquisition company (SPAC), Switchback Energy (SBE) for its IPO., Switchback Energy (SBE) for its IPO. ChargePoint, the operator of the worldâs largest network of independently owned EV charging stations, has not cleared the final hurdle for its shares to start trading on the stock exchange just yet. On Feb. 8, the stock gained 33.6 percent to close at $17.24 following the merger news. ChargePoint, which was founded in 2007, said that drivers plug into its network roughly every two seconds and have completed more than 82 million charging sessions to date. Sources: Merger with ChargePoint: ChargePoint also operates in 16 European markets. There is a possibility that once the merger between Switchback Energy and ChargePoint is completed, Switchback Energy stock will crumble. SNPR SPAC stock has gained 72 percent from its IPO price of $10 apiece. The completion of the merger is expected on December 15, 2020. Electric vehicle charging network ChargePoint officially announced Thursday that it will go public through a reverse merger with Switchback Energy Acquisition Corp (NYSE: SBE). SBE stock is a SPAC, or a blank-check company, looking to take ChargePoint public via a merger. ChargePoint, the worldâs largest provider of electric-vehicle charging stations will go public with a reverse-merger agreement. The SPAC merger between Switchback Energy (SBE) and Chargepoint has been confirmed according to a recent filing with the SEC. ChargePoint is a highly touted EV charging play, and is widely expected to do well once publicly traded. To date, drivers have logged more than 85 million charging sessions, with drivers plugging into the ChargePoint network approximately every two seconds. In September 2020, SBE announced a merger deal with ChargePoint. Now that we have a merger vote date, AMCI stock may continue its rally. ChargePoint, Inc. 240 East Hacienda Avenue Campbell, California 95008 Ladies and Gentlemen: We have acted as counsel to ChargePoint, Inc., a Delaware corporation (the âCompanyâ), in connection with the preparation and filing with the Securities and Exchange Commission (the âCommissionâ) of the Registration Statement on Form S-4 of Switchback ⦠Today after closing, SBE filed Form S-4: As many people expected, Dec 15, 2020 is the date. It is likely to boom especially under Biden, as he has plans for building 500,000 electric vehicle charging stations on U.S. highways. Crunchbase is the leading destination for millions of users to discover industry trends, investments, and news about global companiesâfrom startups to the Fortune 1000. The trick is, in order for The stock rose from $12 to its 52-week high of $49.48 on December 24, 2020. A special meeting of stockholders of AMCI Acquisition Corp., will be held virtually at 10:00 a.m. Eastern Time on February 2, 2021. 96 votes, 82 comments. ChargePoint Stock chargepoint.com | Automotive | Founded: 2007 | Funding to Date: $670,075,930 ChargePoint designs, builds, and supports all aspects of its of electric vehicle charging network including charging stations, hardware, energy management software, and the associated mobile application. ChargePoint Stock Price Prediction & SBE Stock Price Prediction - Merger Date? ChargePoint, Inc.: In September, the EV charging stalwart ChargePoint announced taking the SPAC route to go public as it plans to merge with Switchback Energy Acquisition. Campbell, Calif. & Dallas, Texas â September 24, 2020 â ChargePoint, Inc., (the âCompanyâ or âChargePointâ) a leading electric vehicle (âEVâ) charging network, and Switchback Energy Acquisition Corporation (NYSE: SBE) (âSwitchbackâ), a publicly traded special purpose acquisition company with a strategic focus on the energy sector, today announced the signing â¦
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