Switchback Energy Acquisition announced today that the registration statement for its proposed business combination with ChargePoint has been declared effective by the SEC.
A shareholder vote on the merger is set for Feb. 11. If approved, the deal is expected to close in February.
The combined company would have an estimated value of $2.4 billion, while the deal would pour approximately $493 million in net proceeds into ChargePoint to advance its commercial, fleet and residential businesses. Read more.
