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ChargePoint Now All Set To Go Public as Switchback Energy Acquisition Corp (NYSE: SBE) Shareholders Approve the Merger After the Last Meeting Was Postponed
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Replay Available: IPO Edge Hosted Fireside Chat with SwitchBack Energy CEO, CCO to Discuss ChargePoint Merger Feb 18
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Share: Hyliion Holdings Corp (NYSE: HYLN) public announced its second SPAC merger Monday.
The SPAC Deal: Volta Industries is going public with a SPAC deal with
Tortoise Acquisition Corp II (NYSE: SNPR) that values the company at $1.4 billion.
The merger will give Volta $600 million in net proceeds to fund the buildout of its charging network.
Shares will trade as VLTA on the NYSE if the merger is approved. Current Tortoise Acquisition Corp II shareholders will own 17% of the new company.
About Volta: Volta is a charging infrastructure company with a portfolio of real estate and retail partners. The company’s commerce-centric electric vehicle charging networks are a differentiator among other charging companies.
Here are several SPACs that could benefit from a President Joe Biden administration.
Charging Infrastructure: Biden has called for more than 500,000 charging stations across the U.S. This could help a company like
Switchback Energy Acquisition Corp (NYSE:SBE) to bring ChargePoint public.
TPG Pace Beneficial Finance Corp (NYSE:TPGY) is bringing EVBox, a European charging company, public in a SPAC deal. The company is planning to expand into the U.S. and could quickly build out its network among the growing need for charging stations.
Nuvve has vehicle to grid technology, which could help boost the efforts of charging infrastructure supporting the power grids. Nuvve is going public with
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