ChargePoint Holdings, Inc., a Campbell, Calif.-based electric vehicle charging network company, announced that today Pasquale Romano, President and CEO, and the executive leadership team will virtually ring the Opening Bell® at the New York Stock Exchange (“NYSE”).
This follows the completion of the previously announced business combination with Switchback Energy Acquisition Corporation, a publicly traded special purpose acquisition company with a strategic focus on the energy value chain, which closed on February 26, 2021.
At the close of the transaction, ChargePoint had approximately $615 million in cash (prior to payment of its outstanding term loan), which it anticipates to fund ongoing operations and to support the expansion of its commercial, fleet and residential businesses in North America and Europe.
Shares of common stock and warrants of the new combined company will be traded under the ticker symbol “CHPT” (NYSE:CHPT) and “CHPT.WS” respectively.
ChargePoint will continue to be led by Romano and its leadership team including Rex Jackson, Chief Financial Officer; Christopher Burghardt, Managing Director, Europe; Michael Hughes, Chief Revenue Officer; Colleen Jansen, Chief Marketing Officer; Lawrence Lee, Senior Vice President, Operations and Services; Bill Loewenthal, Senior Vice President, Product; and Eric Sidle, Senior Vice President, Engineering.
Since 2007, ChargePoint provides one of the largest EV charging networks and a complete portfolio of charging solutions. Its cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe with more than 88 million charging sessions delivered.