Congrats if you are an early investor or employee of ChargePoint. The Company went public via a SPAC acquisition as the Company merged with Switchback Energy Acquisition Corporation and began trading as ChargePoint Holdings, Inc. on March 1, 2021 (NYSE:CHPT).
Check out a few additional details below.
Corporation: ChargePoint Holdings, Inc.
Description: ChargePoint, Inc. operates a network of electric vehicle charging stations in California. It also provides electric vehicle station maintenance and management programs and activation and configuration services. ChargePoint, Inc. was formerly known as Coulomb Technologies, Inc. and changed its name to ChargePoint, Inc. in December 2012. The company was founded in 2007 and is based in Campbell, California.
Incorporation Date: September 13, 2007, as Chargepoint, Inc., Delaware
Liquidation event details (date, type, etc.): ChargePoint went public via a SPAC acquisition as the Company merged with Switchback Energy Acquisition Corporation and began trading as ChargePoint Holdings, Inc. on March 1, 2021 (NYSE:CHPT)
QSBS Potential: In May 2012, ChargePoint received approximately $51.0mm in its Series D financing round. As this round exceeded $50mm, shares issued during the Series D round and after are unlikely to be considered QSBS, however shares issued prior to May 2012 may be QSBS.
Did you participate in an earlier financing round, were you an early employee of ChargePoint, or did you obtain shares another way? If so, please contact us to help assess potential QSBS ramifications.
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.