SPAC is the most crucial medium for any company to go public via merger or being bought up partially. Today, a SPAC firm Switchback Energy (SBE) announces a plan to bring a global EV charging network firm Chargepoint to American stock exchanges with the intention to raise funds from the public.
Mostly tech and EV makers practice IPO via the help of SPAC that are plenty out there to energize with enough funds. Younger Blink (BLNK) is facing Chargepoint as a player with upcoming huge fundraising from IPO, thus, many other unoccupied locations in the U.S will be a strategic place to generate revenue by taking a giant pie from the fresh market.
So, Blink should be much worried now and its top management should take a loan or issue shares to buy new vital locations to not let the popular charging network Chargepoint grow on U.S soil. Note, as the Blink’s network expands the revenue and stock may pop synchronically.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.