Item 2.02 Results of Operations and Financial Condition.
The disclosure set forth in Item 8.01 of this Current Report on Form 8-K is
incorporated by reference into this Item 2.02.
Item 8.01 Other Events.
During its fiscal second quarter ended July 31, 2021, ChargePoint Holdings, Inc.
(the "Company") granted approximately 4.7 million restricted stock units (the
"Q2 Awards"). The Q2 Awards included (i) grants to new hires who joined the
Company during the preceding twelve months, and (ii) incentive awards to key
personnel, in both cases delayed while the Company entered into, consummated and
made necessary filings post-closing with respect to the previously announced
business combination among the Company (previously named Switchback Energy
Acquisition Corporation), ChargePoint, Inc. and Lightning Merger Sub Inc. Of the
$28.3 million of stock-based compensation the Company recognized in its fiscal
second quarter, $13.7 million was attributable to services performed prior to
the second quarter, and $14.6 million was attributable to services performed in
the second quarter.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses