ChargePoint raising $232 million, shares fall
CFO Rex Jackson said in a statement that the new funds, together with a recently secured credit line, will support the company into early 2025.
Source: cnbc.com
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EV Motoring: ChargePoint Raises $233 Million More to Support Path to Profitability in 2024
CAMPBELL, Calif.--ChargePoint Holdings, Inc. , a leading provider of networked solutions for charging electric vehicles, has secured a commitment from institutional investors, led by the lead investor of ChargePoint’s $300M in convertible notes issued in April 2022 (“Notes”), to purchase $175M of common stock pursuant to the Company’s “at-the-market” (“ATM”) offering facility. Separately, ChargePoint raised net proceeds of $57M in additional funds under the ATM facility during the third fiscal quarter of 2024.
Source: theautochannel.com
CHPT Stock Alert: The $232 Million Reason ChargePoint Is Down Today
Although ChargePoint framed its latest capital raise as a move toward profitability, CHPT stock suffered from the implied pessimism.
Source: investorplace.com
ChargePoint Holdings stock sputters after stock sale announcement
ChargePoint Holdings stock tumbled nearly 16% Wednesday after the company announced plans to raise $232 million through sales of its stock. The EV charging...
Source: proactiveinvestors.com
ChargePoint Says You Should Have EV Range Joy, Not Anxiety. Here's Why.
The electric-vehicle charging company's CFO Rex Jackson explains why people think about the industry's infrastructure all wrong and why they shouldn't...
Source: marketwatch.com