Reutersexclusively reported thatChargePoint Inc, one of the world’s oldest and largest electric vehicle charging networks, is nearing a deal to go public through a reverse merger with Switchback Energy Acquisition Corp. According to a Reuters source, the deal for Campbell, California-based ChargePoint could value the company at more than $2 billion.
AutomotiveBusiness & Finance
Reuters reveals electric vehicle charge network ChargePoint nears deal to go public
25 September 2020, 3:21 pm 1 minute
Market Impact
Switchback shares rose 11% after the news and trading was halted. After trading resumed, it was up 27.5%.
Article Tags
Topics of Interest: AutomotiveBusiness & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text