About SWBK Switchback II is a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more … Switchback Energy Acquisition Corp Stock News NYSE:SBE. Some analysts see that forecast as conservative given the massive, new infrastructure that will be needed to make electric-vehicle charging stations ubiquitous across the U.S. and around the world. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. The combined company will take the name ChargePoint Holding and list on the NYSE. Copy and paste multiple symbols separated by commas. Switchback Energy (NYSE:SBE) isn’t among that group because it’s initial public offering took place last year, but SBE stock could prove to be one of the SPAC stars of the EV space. Switchback Energy Acquisition Corp (NYSE: SBE), a special purpose acquisition company (SPAC agreed on Sept. 24 to merge with ChargePoint, an electric vehicle (EV) charging startup. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. quotes delayed at least 15 minutes, all others at least 20 minutes. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In this case Switchback Energy Acquisition is merging with ChargePoint in a $2.4 billion deal. It’s owned by a private investment fund advised by NGP Energy Capital Management, as well as former RSP Permian executives Scott McNeill, Jim Mutrie, and Josh Rosinski. ChargePoint Stock Business Model. Rings the Nasdaq Stock Market Closing Bell in Celebration of its IPO, Playtika Holding Corp. The company plans to focus on the energy technology arena, specifically targeting industries that require sustainable and innovative solutions to decarbonize in order to meet critical emission reduction objectives. 2021 InvestorPlace Media, LLC. Learn More . That is because ChargePoint has a lot of potential as a company and is poised to grow in the future. But Pounce on the Lucid Motors Merger, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, 7 Best Penny Stocks to Buy Early Into 2021, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. Nasdaq Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The company filed confidentially on November 2, 2020. Since that time, the stock's … Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Switchback is a special purpose acquisition company, or a SPAC, which is a different route to take a company public. Goldman Sachs is the sole bookrunner on the deal. Switchback … The volatile stock is currently trading around … McNeill previously served as the CFO of RSP Permian, through its acquisition by Concho Resources, and Mutrie most recently served as VP and General Counsel of RSP. Rings the Nasdaq Stock Market Opening Bell in Celebration of its IPO, US IPO Week Ahead: Foreign issuers dominate a 4 IPO week, Cancer biotech Immunocore files for a $100 million US IPO, Home healthcare equipment provider Apria files for an estimated $800 million IPO, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? ChargePoint is expected to be valued at $2.4 billion when it begins trading on the New York Stock Exchange in late December. The pair's previous SPAC, Switchback Energy Acquisition (SBE), went public in July 2019 and is currently pending a combination with electric vehicle charging network ChargePoint. Rings the Nasdaq Stock Market Virtual Bell in Celebration of its IPO, Petco Health and Wellness Company, Inc. At $40, SBE stock is running into a similar problem. In September 2020, Switchback Energy announced a deal to merge with electric vehicle charging network operator ChargePoint. Energy technology SPAC Switchback II Corp. files for a $250 million IPO, Palantir’s Covid-19 Contract With US Government Under Threat – Report, Weekly Preview: Earnings To Watch This Week (IBM, INTC, NFLX, UAL), What To Do if You Haven't Received Your $600 Stimulus Check, Driven Brands Holdings Inc. ChargePoint to Become A Public Company, Advancing EV Charging Network’s Reach Across North America and Europe. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i>>, Buy Switchback Stock Before ChargePoint’s SPAC Deal Closes, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? Time is running out for investors to buy the shares of special purpose acquisition company Switchback Energy Acquisition (NYSE:SBE) ahead of its upcoming merger with electric vehicle charger operator ChargePoint Holdings. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. ChargePoint currently controls 73% of the 240-volt EV charging stations in the North American market. ChargePoint is a great way to broaden one’s exposure to the electric=vehicle market without having to roll the dice on one of a dozen unproven electric-vehicle stocks. Shares of special purpose acquisition company (SPAC) Switchback Energy Acquisition were moving higher today, trading up more than 10% as of 3:30 p.m. EST. In anticipation of the deal closing by the end of December, the shares of SBE stock rose 154% in November and added a further 8% gain in the first week of December. Switchback II Corporation has filed to go public with an IPO on the New York Stock Exchange (NYSE). Copyright © The post Switchback Energy Stock Is a Credible Addi... InvestorPlace - 4 weeks ago Yes! Switchback Energy Stock Goes Parabolic. This year, there a dizzying number of special purpose acquisition companies (SPACs) going public, many of which have ties to the electric vehicle (EV) industry. All rights reserved. The SPAC raises money, conducts an IPO (thus SBE stock) and has a limited window to make a deal. The company is led by Co-CEOs and Directors Scott McNeill and Jim Mutrie. The Dallas, TX-based company plans to raise $ 250 million by offering 25 units... Virtual Bell in Celebration of its IPO, Playtika Holding Corp to save your favorite quotes on Nasdaq.com similar. An IPO ( thus SBE stock is running into a similar problem first. Selecting it and pressing Enter/Return II Corp. was founded in 2007, ChargePoint is outside... 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