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ChargePoint closes USD300m financing

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By Will Hall - 12th May 2022

USA – ChargePoint Holdings Inc, based in Campbell, California, has announced the closing of its previously announced USD300 million investment through the purchase of convertible senior notes by funds managed by Antara Capital LP. The gross proceeds from the sale of the notes were approximately USD300 million prior to deducting fees and estimated offering expenses.

The Notes will be convertible at an initial conversion price of USD24.03 per share, representing a 30.0% premium to ChargePoint’s volume-weighted average price over the three consecutive trading days after the announcement of the transaction. ChargePoint states that the funding will be used to support the firm’s growth initiatives.

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