Switchback Energy Acquisition Company Reminds Stockholders to Vote in Favor of the Organization …

Dallas, Texas , Feb. 10, 2021 (Globe NEWSWIRE) — Switchback Electrical power Acquisition Company (NYSE: SBE) (“Switchback”), reminds its stockholders to vote in favor of the approval of Switchback’s proposed business enterprise combination (the “Business Combination”) with ChargePoint, Inc. (“ChargePoint”) and the similar proposals to be voted upon at Switchback’s distinctive conference (the “Special Meeting”). The Special Conference will be held almost at https://www.cstproxy.com/switchbackenergy/sm2021, on February 11, 2021, at 10:00 a.m., Japanese time, as described in Switchback’s definitive proxy statement/prospectus/consent solicitation assertion, dated January 8, 2021 (the “Registration Statement”).



  If you owned Switchback (NYSE: SBE) inventory on December 16, 2020, you are urged to vote right before tonight’s deadline at 11:59 pm ET



  Now 99.86{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of proxies been given have been in favor of the transaction.



  Quorum at this time stands at somewhere around 45{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4}.



  Switchback needs added votes by stockholders of history to achieve a quorum for the Specific Conference and to approve other needed proposals.



  If you were a Switchback stockholder as of December 16, 2020 you can vote or obtain assistance in voting by calling Morrow Sodali LLC, SBE’s proxy solicitor, toll-free at (877) 787-9239.



  Electronic voting platforms are open till 11:59 p.m., Japanese time tonight. You could vote electronically by next the guidelines offered by your broker, lender or other nominee.



  ChargePoint, Inc. is just one of the premier EV charging networks and most entire portfolios of charging alternatives available now. Following the closing of the Enterprise Combination, it is anticipated that the blended firm will be renamed ChargePoint Holdings, Inc. and will have extra than $600 million of dollars on its balance sheet to fund operations, guidance expansion, repay personal debt and for typical corporate applications.

Each individual stockholder’s vote is essential, no matter of the range of shares the stockholder retains. Switchback requests that just about every stockholder that retains its shares in “street identify,” which means that their shares are held by a broker, bank or other nominee, should, if it has not presently done so, speak to their broker, bank or nominee to guarantee that their shares are voted. Switchback encourages stockholders to vote in advance of the Distinctive Meeting.

How do I vote my shares?

If your shares are held in “street name” as explained previously mentioned, you can instruct your broker, lender or other nominee how to vote the shares in your account by next the instructions that the broker, lender or other nominee furnished to you alongside with the Registration Assertion.

If you need guidance voting your shares, remember to connect with Morrow Sodali LLC, Switchback’s proxy solicitor, toll-cost-free at (877) 787-9239.

Your vote must be obtained by 11:59 p.m., Japanese time, on February 10, 2021 to be counted. Just after this time, the only way to cast a vote is at the Particular Assembly on February 11, 2021 by following the directions down below.

Can I nevertheless vote if I no more time have my share?

Yes, if you owned shares as of the shut of business enterprise on December 16, 2020, the history date for the Specific Meeting, you can nonetheless vote your shares even if you no longer have them.

How do I show up at and vote at the Unique Assembly?

As described in the Registration Statement, you are entitled to take part in and vote at the Specific Conference if you were being a stockholder of record as of the near of small business on December 16, 2020, the history date.

If you maintain your shares in “street name” and desire to go to the virtual assembly, you will have to acquire a lawful proxy from your account consultant at the lender, broker, or other nominee that holds your shares and e-mail a duplicate (a legible photograph is enough) of this kind of authorized proxy to [email protected] Beneficial stockholders who e-mail a valid legal proxy will be issued a 12-digit assembly control variety that will let you to sign up to attend and take part in the Particular Assembly.

You might vote for the duration of the Unique Assembly by subsequent the instructions accessible on the conference site all through the meeting.

Added Facts on the Company Mixture and Where to Locate It

In link with the proposed Business enterprise Mix, Switchback submitted the Registration Statement with the Securities and Exchange Fee (the “SEC”), which includes a proxy statement/prospectus of Switchback and a consent solicitation statement of ChargePoint. The Registration Statement has been declared helpful by the SEC and the definitive proxy assertion/prospectus/consent solicitation assertion has been mailed out to Switchback’s stockholders. Switchback’s stockholders and other intrigued folks are encouraged to study the definitive proxy statement/prospectus/consent solicitation statement (including all amendments and dietary supplements thereto) and other paperwork relating to the Company Combination filed with the SEC as these materials contain essential data about Switchback, ChargePoint and the Company Blend. Stockholders could receive copies of the definitive proxy statement/prospectus/consent solicitation statement and other files filed with the SEC, devoid of demand, at the SEC’s net web-site at www.sec.gov, or by directing a request to: Switchback Energy, 5949 Sherry Lane, Suite 1010, Dallas, TX, 75225, Focus: Jim Mutrie, Main Professional Officer, Normal Counsel, Secretary and Director, (214) 368-0821.

Contributors in the Solicitation

Switchback and its directors and govt officers could be deemed to be individuals in the solicitation of proxies from Switchback’s stockholders in link with the Organization Combination. ChargePoint and its officers and administrators may well also be deemed participants in these types of solicitation. Info about the directors and govt officers of Switchback is established forth in Switchback’s Annual Report on Kind 10-K which was submitted with the SEC on February 10, 2021. Other data relating to the contributors in the proxy solicitation and a description of their direct and indirect passions, by protection holdings or in any other case, are contained in the definitive proxy assertion/prospectus/consent solicitation statement and other related materials submitted with the SEC.

About Switchback

Switchback is a special objective acquisition company and was shaped for the goal of effecting a merger, funds stock exchange, asset acquisition, inventory order, reorganization or very similar company blend with just one or much more organizations in the energy worth chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a non-public financial commitment fund advised by NGP Electricity Funds Administration, L.L.C. and the management crew of Switchback. Switchback began buying and selling on the New York Stock Trade in July 2019 and its frequent inventory, models and warrants trade beneath the ticker symbols SBE, SBE.U and SBE.WS, respectively. For additional details, please stop by www.switchback-electricity.com.

About ChargePoint

Considering the fact that 2007, ChargePoint has been dedicated to earning it uncomplicated for enterprises and motorists to go electric powered. The business has built one of the major EV charging network and most finish portfolio of charging methods accessible right now. ChargePoint’s cloud membership system and computer software-outlined charging hardware are made to contain possibilities for each and every charging circumstance from dwelling and multifamily to office, parking, hospitality, retail and transportation fleets of all varieties. Now, one particular ChargePoint account offers access to hundreds-of-1000’s of locations to demand in North The usa and Europe. To date, drivers have logged more than 85 million charging classes, with drivers plugging into the ChargePoint network close to each and every two seconds. ChargePoint is producing the new fueling network to go all folks and items on electrical power.

Ahead Searching Statements

The information provided herein and in any oral statements produced in relationship herewith incorporate “forward-searching statements” inside the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historic facts contained herein are ahead-hunting statements. Ahead-hunting statements may perhaps generally be identified by the use of words these kinds of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other related expressions that predict or indicate long term functions or trends or that are not statements of historical matters. These forward-hunting statements incorporate, but are not constrained to, statements with regards to estimates and forecasts of other economical and efficiency metrics, projections of market option and marketplace share. These statements are dependent on various assumptions, irrespective of whether or not identified herein, and on the present anticipations of ChargePoint and Switchback’s management and are not predictions of precise overall performance. These forward-looking statements are offered for illustrative functions only and are not intended to serve as, and will have to not be relied on by any investor as a warranty, an assurance, a prediction or a definitive statement of, simple fact or likelihood. Actual activities and conditions are challenging or impossible to forecast and might differ from assumptions, and these types of discrepancies may perhaps be material. Many true functions and instances are over and above the regulate of ChargePoint and Switchback. These ahead-searching statements are subject matter to a quantity of risks and uncertainties, which include adjustments in domestic and international small business, market, money, political and lawful ailments dangers relating to the uncertainty of the projected money details with regard to ChargePoint the inability of the functions to correctly or timely consummate the proposed transactions, which include the possibility that any expected regulatory approvals are not acquired, are delayed or are subject matter to unanticipated ailments that could adversely affect the put together enterprise or the anticipated positive aspects of the proposed transactions or that the acceptance of the stockholders of Switchback or ChargePoint is not acquired the failure to comprehend the predicted gains of the proposed transactions pitfalls similar to the rollout of ChargePoint’s company and the timing of anticipated organization milestones ChargePoint’s dependence on widespread acceptance and adoption of electric motor vehicles and amplified set up of charging stations ChargePoint’s capability to keep successful inner controls around financial reporting, like the remediation of identified materials weaknesses in inner control over fiscal reporting relating to segregation of duties with regard to, and obtain controls to, its fiscal record keeping program, and ChargePoint’s accounting staffing stages ChargePoint’s present dependence on revenue of charging stations for most of its revenues general desire for electrical auto charging and the likely for diminished demand from customers if governmental rebates, tax credits and other financial incentives are diminished, modified or eliminated or governmental mandates to maximize the use of electric powered automobiles or minimize the use of motor vehicles driven by fossil fuels, both right or indirectly by mandated limits on carbon emissions, are reduced, modified or removed possible adverse effects on ChargePoint’s earnings and gross margins if consumers significantly declare cleanse vitality credits and, as a consequence, they are no extended offered to be claimed by ChargePoint the results of opposition on ChargePoint’s upcoming company hazards connected to ChargePoint’s dependence on its mental residence and the hazard that ChargePoint’s technologies could have undetected problems or problems the amount of redemption requests produced by Switchback’s general public stockholders the means of Switchback or the mixed corporation to problem equity or fairness-joined securities or receive credit card debt financing in connection with the proposed transactions or in the upcoming and those people variables discussed in Switchback’s ultimate prospectus dated July 25, 2019, Once-a-year Report on Type 10-K for the fiscal calendar year ended December 31, 2020 and the definitive proxy statement/prospectus/consent solicitation statement, in each individual scenario, less than the heading “Risk Factors,” and other documents of Switchback submitted, or to be filed, with the SEC. If any of these hazards materialize or Switchback’s or ChargePoint’s assumptions confirm incorrect, true success could differ materially from the effects implied by these ahead-seeking statements. There may well be added risks that neither Switchback nor ChargePoint presently know or that Switchback and ChargePoint currently believe that are immaterial that could also result in true final results to differ from all those contained in the ahead-on the lookout statements. In addition, ahead-wanting statements mirror Switchback’s and ChargePoint’s anticipations, programs or forecasts of foreseeable future events and sights as of the day hereof. Switchback and ChargePoint anticipate that subsequent functions and developments will cause Switchback’s and ChargePoint’s assessments to modify. However, while Switchback and ChargePoint may well elect to update these ahead-on the lookout statements at some position in the foreseeable future, Switchback and ChargePoint particularly disclaim any obligation to do so. These ahead-on the lookout statements ought to not be relied upon as representing Switchback’s and ChargePoint’s assessments as of any date subsequent to the day hereof. Appropriately, undue reliance really should not be put upon the forward-hunting statements. Added information and facts regarding these and other variables that may possibly influence Switchback’s anticipations and projections can be uncovered in Switchback’s periodic filings with the SEC, including Switchback’s Once-a-year Report on Kind 10-K for the fiscal 12 months ended December 31, 2020 and the definitive proxy statement/prospectus/consent solicitation statement. Switchback’s SEC filings are out there publicly on the SEC’s website at www.sec.gov.

No Offer or Solicitation
This interaction does not constitute an present to market or the solicitation of an offer to purchase any securities or constitute a solicitation of any vote or acceptance.

Contacts

Investor Speak to:
Morrow Sodali LLC
Donna Corso or Ryan Loveless
(877) 787-9239
[email protected]

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