They expect to have this finalized in early Feburary and to begin trading under the new ticker within the month of February 2021.
Switchback ( SBE ) announced on January 11th that the registration statement on Form S-4 (File No: 333-249549)relating to the previously announced business combinationwith ChargePoint, Inc. has been declared effective by the Securities and Exchange Commission. Switchback’s Class A common stock is currently traded on the New York Stock Exchange under the symbol “SBE.” Upon closing of the Business Combination, the post-combination company is expected to be renamed “ChargePoint Holdings, Inc.” and the Class A common stock is expected to continue trading on the NYSE under the new symbol “CHPT.”
While no official date has been set, the latest SEC filing shows that the expected date of the SBE / Chargepoint merger is January 15th.
Previously it was expected that December 15th would be the day that Chargepoint would be listed on the exchange.
It is odd however that there have been no announcements or updates from either party as to where things stand. Something that is making shareholders a little anxious.
The SBE run up has followed the boon of growth with a variety of EV stocks. With Chargepoint being the leader in charging stations across North America with over 150,000 charging stations. All eyes are on this pivotal merger.
With talks of a new Stimulus program coming for the USA, the wild ride that is the EV market looks to continue.
Investors are already looking forward to the new year.