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CAMPBELL, CA & DALLAS – (BUSINESS WIRE) –ChargePoint, Inc. (the “Company” or “ChargePoint”), a leading electric vehicle (“EV”) charging network, and Switchback Energy Acquisition Corporation (“Switchback”), a publicly traded special purpose acquisition company with a strategic focus on the energy value chain, today announced 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 New York Stock Exchange ticker symbols for the common shares and warrants of the amalgamated company, renamed ChargePoint Fund, Inc., should be replaced by “CHPT” (NYSE: CHPT) and “CHPT.WS” respectively, effective March 1, 2021.
About ChargePoint
ChargePoint creates the new refueling network to transport all people and goods with electricity. Since 2007, ChargePoint has been committed to making the switch to electricity easier for businesses and drivers with one of the largest EV charging networks and the most comprehensive line of charging solutions available today. . ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario, from home and multi-family to the workplace, parking lot, hospitality , retail and transport fleets of all types. Today, a ChargePoint account provides access to hundreds of thousands of charging points in North America and Europe. To date, more than 88 million charging sessions have been delivered, with pilots connecting to the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint newsroom, the ChargePoint investor relations site, or contact ChargePoint’s 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 effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more companies in the energy value chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private equity fund advised by NGP Energy Capital Management, LLC and the Switchback management team. Switchback began trading on the NYSE in July 2019 and its common stocks, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS, respectively. For more information, please visit www.switchback-energy.com.
Forward-looking statements
The information contained in this document and any oral statement made in connection with this document 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 other than statements of historical fact contained herein are forward-looking statements. Forward-looking statements can generally be identified by the use of words such as “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”. “,” Should, “” would “,” plan “,” project “,” foresee “,” predict “,” potential “,” seem “,” seek “,” future “,” prospect “,” target “or other similar expressions which predict or indicate future events or trends or which are not statements of historical subjects. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of the management of ChargePoint and Switchback and are not predictions of future events. These forward-looking statements are provided for informational purposes only and are not intended to serve as and should not be relied upon by any investor as a guarantee, assurance, prediction or definitive statement, a fact or a probability. Actual facts and circumstances are difficult or impossible to predict and may differ from assumptions, and these differences may be material.
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