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ChargePoint to Go Public in $2.4 Billion SPAC Deal

By Ross Matican
· · Source: Reuters

ChargePoint, which operates the world’s largest electric vehicle charging network, said Thursday it will go public via a merger with Switchback Energy Acquisition Corp, a special purpose acquisition company, or SPAC. A SPAC is a publicly traded firm whose only asset is cash and whose only purpose is to find a business to merge with. The merger will value the company at $2.4 billion. Just last...

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