3 Firms Power $2.4B SPAC Deal For ChargePoint

Law360 (September 24, 2020, 5:05 PM EDT) -- Electric vehicle charging station maker ChargePoint agreed Thursday to a roughly $2.4 billion merger with Switchback Energy Acquisition Corp., a blank-check company formed by oil and gas industry veterans and private equity investors, in a deal assembled by Weil Gotshal & Manges, Gunderson Dettmer and Vinson & Elkins.

California-based ChargePoint's deal with the special purpose acquisition company, or SPAC, is meant to help the charging station maker expand across North America and Europe and strengthen its technological capabilities, the companies said.

Formed in 2007, ChargePoint sells charging station equipment to individual organizations and businesses. It has more than 4,000 customers, and...

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