Switchback II registered to offer an additional 2.5 million units to upsize its IPO to $275 mliion, an increase of 10 percent from the initial plan to raise $250 million.
The company is focused on the energy technology arena targeting industries that require sustainable and innovative solutions to decarbonize in order to meet critical emission reduction objectives.
Switchback I went public last year and is now in a pending merger with ChargePoint.
Switchback II units begin trading today on the NYSE under SWBK.U. Read more.
