Item 8.01 Other Events.

ChargePoint Holdings, Inc. (the "Company") announced that a total of approximately 9 million shares of its Common Stock will be released to eligible former equityholders of ChargePoint, Inc. pursuant to the earnout shares provisions of the Business Combination Agreement between the Company (previously named Switchback Energy Acquisition Corporation), ChargePoint, Inc. and Lightning Merger Sub Inc. dated September 23, 2020 (the "Business Combination Agreement"), as the third and final Triggering Event (as defined in the Business Combination Agreement) has been met. The Triggering Event was met by virtue of the volume-weighted average closing sale price of Company Common Stock having been greater than or equal to $30.00 for ten (10) trading days out of twenty (20) consecutive trading days during the five-year period following the closing of the business combination. The holders of ChargePoint, Inc. stock (other than restricted stock), warrants and vested options as of the closing of the business combination will receive their pro rata portion of the earnout shares. These earnout shares are not subject to a lock-up agreement and may be sold publicly following receipt. The first two Triggering Events were achieved on March 12, 2021 and approximately 18 million shares were released by virtue of the volume-weighted average closing sale price of Company Common Stock being greater than or equal to $15.00 and $20.00 for ten (10) trading days out of twenty (20) consecutive trading days.

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