switchback company

Switchback Medical offers customers the confidence to design and manufacture innovative medical devices that grow and revolutionize their business. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Important Information and Where to Find itIn connection with the proposed business combination, Switchback will file a registration statement on Form S-4 (the “Form S-4”) with the SEC. ChargePoint expects to use transaction proceeds to expand its reach in North America and Europe, further enhance its technology portfolio and significantly scale its commercial, fleet and residential businesses ahead of the anticipated introduction of an increasing number of new EV models and rising EV penetration. is serving as legal advisor to Switchback.

This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The parking spaces owned by ChargePoint’s site hosts are seamlessly integrated into one network available to the driver in a top-rated mobile app. Switchback and our investors are excited to partner with the talented ChargePoint team to advance their vision.”. ChargePoint’s offerings have attracted a growing customer base of more than 4,000 organizations and businesses, building a network of more than 115,000 public and private places to charge. Charging is matched to parking duration, from energy-managed AC level 2 to DC fast charging. For more information, please visit www.switchback-energy.com. The Company has built the largest EV charging network and most complete portfolio of charging solutions available today. Copies are available on the SEC’s website, www.sec.gov. Contact us today to drive your device development from concept to clinical release with unparalleled innovation, speed, and experience. Investor Conference Call and Webcast InformationChargePoint and Switchback will host a joint investor conference call to discuss the proposed transaction today, September 24, 2020 at 8:30 am ET. The closing is subject to the approval of ChargePoint’s stockholders and Switchback’s stockholders and other customary closing conditions, including Switchback’s registration statement being declared effective by the Securities and Exchange Commission (the “SEC”) and the expiration of the HSR Act waiting period. Goldman Sachs & Co. LLC is serving as exclusive financial advisor and Vinson & Elkins L.L.P. Our technology charges all EVs – from passenger vehicles to delivery fleets – so there is no need to choose winners in electric mobility. Information concerning the interests of Switchback’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available. Business Combination with Switchback Energy Acquisition Corporation Valued at $2.4 Billion. Transaction OverviewThe business combination values ChargePoint at an implied $2.4 billion enterprise value. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. ChargePoint’s offerings have attracted a growing customer base of more than 4,000 organizations and businesses, building a network of more than 115,000 public and private places to charge. ChargePoint is creating the new fueling network to move all people and goods on electricity. Goldman Sachs & Co. LLC is serving as lead placement agent with BofA Securities and Oppenheimer & Co. Inc. serving as co-placement agents on the PIPE. DALLAS–(BUSINESS WIRE)–Switchback Energy Acquisition Corporation (the “Company”) announced today the pricing of its initial public offering (“IPO”) of 30,000,000 units at a price of $10.00 per unit. The telephone replay may be accessed by dialing (844) 512-2921 for domestic callers or (412) 317-6671 for international with the same conference ID. In addition, Switchback’s sponsor and certain other of its founder stockholders have agreed that a portion of their equity will vest only if following the closing the share price of ChargePoint exceeds $12.00 per share for any ten trading days within any twenty consecutive trading day period prior to the fifth anniversary of the closing of the transaction. Scott McNeill or Jim MutrieEmail: info@switchback-energy.comPhone: (972) 432-1440, Copyright © 2020 Switchback Energy Acquisition Corporation, ChargePoint, Inc. to Become Public Company, Advancing EV Charging Network’s Reach Across North America and Europe, Switchback Energy Acquisition Corporation Announces Pricing of Initial Public Offering, Switchback Energy Acquisition Corporation Announces Launch of Initial Public Offering, Switchback Energy Acquisition Corporation Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering. Participants in the SolicitationSwitchback and its directors and officers may be deemed participants in the solicitation of proxies of Switchback’s shareholders in connection with the proposed business combination. For more information, please visit www.switchback-energy.com. ContactsChargePoint, Inc.MediaDarryll HarrisonSenior Director, Global Communications and Social Media669-237-3380Darryll.harrison@chargepoint.commedia@chargepoint.com, Switchback Energy Acquisition CorporationMedia and InvestorsScott McNeill and Jim Mutrieinfo@switchback-energy.com, InvestorsFinancial Profiles, Inc.Dan Oppenheim310-622-8235Jessica Serra310-622-8232chargepoint@finprofiles.com, 1 Source: BloombergNEF Electric Vehicle Outlook 2020, July 25, 2019 04:45 PM Eastern Daylight Time.

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