Switchback Strength Acquisition Company Encourages Stockholders to Vote in Favor of the Enterprise Blend with ChargePoint, Inc.
Dallas, Texas, Feb. 09, 2021 (Globe NEWSWIRE) — Switchback Electrical power Acquisition Corporation (NYSE: SBE) (“Switchback”), encourages 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 linked proposals to be voted upon at Switchback’s exclusive meeting (the “Special Meeting”). The Particular Meeting will be held practically at https://www.cstproxy.com/switchbackenergy/sm2021, on February 11, 2021, at 10:00 a.m., Japanese time, as explained in Switchback’s definitive proxy assertion/prospectus/consent solicitation assertion, dated January 8, 2021 (the “Registration Statement”).
Just about every stockholder’s vote is essential, regardless of the amount of shares the stockholder retains. Switchback requests that just about every stockholder that holds its shares in “street title,” meaning that their shares are held by a broker, bank or other nominee, need to, if it has not now finished so, get in touch with their broker, financial institution or nominee to guarantee that their shares are voted. Switchback encourages stockholders to vote in advance of the Special Conference.
The adhering to area supplies solutions to often asked concerns stockholders may possibly have pertaining to the Unique Meeting.
Can I nonetheless vote if I no more time very own my share?
Certainly, if you owned shares as of the close of business on December 16, 2020, the history day for the Distinctive Conference, you can still vote your shares even if you no longer very own them.
How do I vote my shares?
If your shares are held in “street name” as described higher than, you can instruct your broker, bank or other nominee how to vote the shares in your account by following the directions that the broker, bank or other nominee delivered to you together with the Registration Statement.
If you need assistance voting your shares, remember to contact Morrow Sodali LLC, Switchback’s proxy solicitor, toll-free at (877) 787-9239.
Your vote ought to be been given by 11:59 p.m., Japanese time, on February 10, 2021 to be counted. After this time, the only way to forged a vote is at the Exclusive Conference on February 11, 2021 by subsequent the instructions beneath.
How do I show up at and vote at the Special Meeting?
As explained in the Registration Statement, you are entitled to take part in and vote at the Unique Meeting if you were a stockholder of document as of the close of enterprise on December 16, 2020, the report date.
If you hold your shares in “street name” and wish to attend the virtual meeting, you must get a legal proxy from your account representative at the bank, broker, or other nominee that retains your shares and e-mail a copy (a legible photograph is adequate) of these kinds of authorized proxy to [email protected]. Advantageous stockholders who e-mail a valid lawful proxy will be issued a 12-digit meeting manage number that will let you to sign up to attend and take part in the Unique Assembly.
You might vote all through the Unique Meeting by subsequent the guidance available on the assembly website during the meeting.
More Info on the Enterprise Blend and Exactly where to Uncover It
In connection with the proposed Business Mixture, Switchback filed the Registration Statement with the Securities and Trade Fee (the “SEC”), which involves a proxy statement/prospectus of Switchback and a consent solicitation statement of ChargePoint. The Registration Assertion has been declared successful 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 persons are suggested to study the definitive proxy assertion/prospectus/consent solicitation statement (together with all amendments and health supplements thereto) and other files relating to the Enterprise Combination submitted with the SEC as these components include critical data about Switchback, ChargePoint and the Enterprise Blend. Stockholders might attain copies of the definitive proxy assertion/prospectus/consent solicitation assertion and other files filed with the SEC, without having charge, at the SEC’s world-wide-web website at www.sec.gov, or by directing a ask for to: Switchback Electricity, 5949 Sherry Lane, Suite 1010, Dallas, TX, 75225, Attention: Jim Mutrie, Chief Business Officer, Normal Counsel, Secretary and Director, (214) 368-0821.
Members in the Solicitation
Switchback and its administrators and executive officers may possibly be considered to be members in the solicitation of proxies from Switchback’s stockholders in relationship with the Company Mix. ChargePoint and its officers and administrators might also be deemed members in these solicitation. Info about the administrators and executive officers of Switchback is established forth in Switchback’s Annual Report on Variety 10-K which was submitted with the SEC on March 30, 2020. Other data pertaining to the contributors in the proxy solicitation and a description of their direct and oblique interests, by protection holdings or usually, are contained in the definitive proxy statement/prospectus/consent solicitation statement and other related elements filed with the SEC.
About Switchback
Switchback is a specific intent acquisition corporation and was shaped for the goal of effecting a merger, funds stock trade, asset acquisition, stock invest in, reorganization or very similar business enterprise blend with a person or additional businesses in the vitality worth chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a non-public expenditure fund recommended by NGP Strength Capital Administration, L.L.C. and the management workforce of Switchback. Switchback began trading on the New York Inventory Exchange in July 2019 and its typical stock, units and warrants trade beneath the ticker symbols SBE, SBE.U and SBE.WS, respectively. For additional information, be sure to visit www.switchback-power.com.
About ChargePoint
Given that 2007, ChargePoint has been committed to producing it effortless for enterprises and motorists to go electrical. The company has designed a single of the largest EV charging network and most complete portfolio of charging options accessible currently. ChargePoint’s cloud membership platform and software package-outlined charging components are designed to incorporate choices for just about every charging state of affairs from residence and multifamily to office, parking, hospitality, retail and transportation fleets of all styles. Now, 1 ChargePoint account supplies accessibility to hundreds-of-hundreds of destinations to charge in North The usa and Europe. To day, drivers have logged additional than 85 million charging periods, with motorists plugging into the ChargePoint community roughly each and every two seconds. ChargePoint is generating the new fueling network to shift all men and women and items on electricity.
Forward Looking Statements
The information included herein and in any oral statements made in link herewith include things like “forward-on the lookout statements” inside of the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. All statements other than statements of historic facts contained herein are forward-seeking statements. Ahead-on the lookout statements may well typically be discovered by the use of phrases this sort of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other comparable expressions that predict or suggest upcoming functions or trends or that are not statements of historical matters. These forward-wanting statements include, but are not confined to, statements about estimates and forecasts of other financial and overall performance metrics, projections of market prospect and marketplace share. These statements are centered on numerous assumptions, whether or not determined herein, and on the current expectations of ChargePoint and Switchback’s administration and are not predictions of real overall performance. These ahead-searching statements are offered for illustrative functions only and are not supposed to serve as, and should not be relied on by any investor as a ensure, an assurance, a prediction or a definitive statement of, fact or probability. Actual occasions and situation are difficult or difficult to forecast and might differ from assumptions, and these dissimilarities may be material. Quite a few genuine situations and situation are over and above the regulate of ChargePoint and Switchback. These ahead-looking statements are matter to a variety of pitfalls and uncertainties, like changes in domestic and foreign small business, industry, fiscal, political and authorized disorders hazards relating to the uncertainty of the projected economic information and facts with respect to ChargePoint the incapability of the parties to effectively or timely consummate the proposed transactions, together with the possibility that any expected regulatory approvals are not acquired, are delayed or are subject to unanticipated circumstances that could adversely influence the merged firm or the envisioned advantages of the proposed transactions or that the approval of the stockholders of Switchback or ChargePoint is not attained the failure to recognize the expected rewards of the proposed transactions risks connected to the rollout of ChargePoint’s business and the timing of predicted enterprise milestones ChargePoint’s dependence on prevalent acceptance and adoption of electric motor vehicles and increased installation of charging stations ChargePoint’s capacity to sustain efficient inside controls around financial reporting, which includes the remediation of identified substance weaknesses in inside management above fiscal reporting relating to segregation of responsibilities with respect to, and accessibility controls to, its fiscal history trying to keep technique, and ChargePoint’s accounting staffing levels ChargePoint’s recent dependence on product sales of charging stations for most of its revenues all round need for electrical car charging and the probable for minimized need if governmental rebates, tax credits and other financial incentives are minimized, modified or removed or governmental mandates to improve the use of electric motor vehicles or lessen the use of motor vehicles driven by fossil fuels, either instantly or indirectly by means of mandated limitations on carbon emissions, are minimized, modified or removed possible adverse results on ChargePoint’s profits and gross margins if shoppers more and more assert clear strength credits and, as a outcome, they are no for a longer period accessible to be claimed by ChargePoint the consequences of opposition on ChargePoint’s future small business pitfalls linked to ChargePoint’s dependence on its intellectual house and the chance that ChargePoint’s technology could have undetected defects or errors the total of redemption requests built by Switchback’s community stockholders the skill of Switchback or the mixed company to difficulty equity or fairness-linked securities or attain financial debt financing in connection with the proposed transactions or in the foreseeable future and those factors discussed in Switchback’s last prospectus dated July 25, 2019, Yearly Report on Variety 10-K for the fiscal year ended December 31, 2019 and any subsequently filed Quarterly Report on Kind 10-Q, and the definitive proxy assertion/prospectus/consent solicitation assertion, in each scenario, beneath the heading “Risk Components,” and other paperwork of Switchback filed, or to be submitted, with the SEC. If any of these risks materialize or Switchback’s or ChargePoint’s assumptions show incorrect, genuine success could differ materially from the results implied by these ahead-wanting statements. There may well be additional risks that neither Switchback nor ChargePoint presently know or that Switchback and ChargePoint at present believe are immaterial that could also induce actual effects to vary from these contained in the forward-seeking statements. In addition, forward-hunting statements reflect Switchback’s and ChargePoint’s expectations, strategies or forecasts of long term situations and views as of the day hereof. Switchback and ChargePoint foresee that subsequent occasions and developments will trigger Switchback’s and ChargePoint’s assessments to transform. Nevertheless, while Switchback and ChargePoint may perhaps elect to update these forward-wanting statements at some position in the foreseeable future, Switchback and ChargePoint precisely disclaim any obligation to do so. These ahead-seeking statements need to not be relied upon as representing Switchback’s and ChargePoint’s assessments as of any date subsequent to the date hereof. Appropriately, undue reliance need to not be placed upon the forward-wanting statements. More details relating to these and other components that may influence Switchback’s expectations and
projections can be identified in Switchback’s periodic filings with the SEC, together with Switchback’s Once-a-year Report on Variety 10-K for the fiscal year ended December 31, 2019 and any subsequently submitted Quarterly Report on Variety 10-Q, and the definitive proxy assertion/prospectus/consent solicitation assertion. Switchback’s SEC filings are out there publicly on the SEC’s site at www.sec.gov.
No Give or Solicitation
This interaction does not represent an offer to promote or the solicitation of an offer to acquire any securities or represent a solicitation of any vote or approval.
Contacts
Morrow Sodali LLC
Proxy Solicitor
(877) 787-9239
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