Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Charge Point, an EV infrastructure company.
What’s Next for SBE shareholders: Thanks to many retail investors SBE did not get the approval to merge with ChargePoint. Next opportunity to vote is NOW, meaning that you should vote as soon as you can in order to get the deal approved. Chargepoint merger meeting is delayed to 2/25 as not enough shareholders voted to approve the transaction.
It is anticipated that the transaction will provide Chargepoint with up to approximately $683 million of cash at closing. The combined company expects to use proceeds from the transaction to “repay debt, fund operations, support growth and for general corporate purposes” .
Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom
Shell’s plan to roll out 500,000 electric charging stations in just four years is the latest sign of an EV charging infrastructure boom that has prompted investors to pour cash into the industry and inspired a few companies to become public companies in search of the capital needed to meet demand.
Since the beginning of the year, three companies have been acquired by special purpose acquisition vehicles and are on a path to go public, while a third has raised tens of millions from some of the biggest names in private equity investing for its own path to commercial viability.
SEC declares effective Switchback Energy (SBE) stock ticker change to CHPT idahoreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idahoreporter.com Daily Mail and Mail on Sunday newspapers.