ChargePoint To Become Public Company Listed On NYSE

The company announced a combination agreement with the Switchback Energy Acquisition Corporation.

ChargePoint recently announced that it will become a public company, but not through a classic IPO, but rather through the most popular way lately, which involves a special purpose acquisition company, already publicly traded.

In the case of ChargePoint, the company will combine its business with Switchback Energy Acquisition Corporation (listed on New York Stock Exchange – “SBE”).

It will not only make ChargePoint public, but also should provide $493 million in net proceeds. The combined company to be valued at $2.4 billion.