How to Trade ChargePoint/Switchback Energy (NYSE: CHPT) After The Recent Deal Announcement

The ChargePoint Inc (NYSE: CHPT) stock is going to start trading on the New York Stock Exchange today after its SPAC (special purpose acquisition company) merger with Switchback Energy Acquisition Corp was finally completed last week.

Earlier in February, the vote for confirming the SPAC merger had been postponed after Switchback fell short of the necessary number of shareholders to approve of the deal. However, things changed last week and it was announced by Switchback that the deal was on the verge of completion.

It is a significant deal for ChargePoint since it is finally going public after all the trials and tribulations. The merged entity is going to trade under the ticker symbol CHPT. On the other hand, it should be noted that the warrants that had been offered to investors at the time of the Switchback IPO are going to trade under the symbol CHPTW. Considering the recent enthusiasm around SPAC mergers, it might be a good idea for investors to keep an eye on the stock this morning.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.