Certain Common Stock of ChargePoint Holdings, Inc. are subject to a Lock-Up Agreement Ending on 29-SEP-2021.
September 28, 2021
Share
Certain Common Stock of ChargePoint Holdings, Inc. are subject to a Lock-Up Agreement Ending on 29-SEP-2021. These Common Stock will be under lockup for 76 days starting from 15-JUL-2021 to 29-SEP-2021.
Details:
The directors, executive officers and the selling securityholders have agreed, subject to specified exceptions, that, without the prior written consent of the representatives on behalf of the underwriters, they will not, and will not publicly disclose an intention to, during the period ending 75 days after the date of this prospectus, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for shares of Common Stock.
As of July 9, 2021, 224,656,707 shares of the company Common Stock or 69.9% of all outstanding shares of its Common Stock were currently prohibited or otherwise restricted from being sold in the public market under securities laws or lock-up agreements entered into in connection with the Merger or this offering; however, subject to applicable securities law restrictions and the lock-up agreements referred to above, and excluding shares of Common Stock issued pursuant to the early exercise of unvested stock options that will remain unvested, the shares of Common Stock outstanding at the time of the closing of the Merger that are so restricted will be able to be sold in the public market under Rule 144 beginning on March 1, 2022.
ChargePoint Holdings, Inc. is an electric vehicle (EV) charging technology solutions provider. The Company designs, develops, and markets networked electric vehicle charging system infrastructure (Networked Charging Systems), connected through cloud-based services (Cloud Services) which enables charging system owners, or hosts, to manage their Networked Charging Systems, and enable drivers to locate, reserve and authenticate Networked Charging Systems, and to transact EV charging sessions on those systems. The Companyâs Networked Charging Systems, subscriptions and other offerings provide an open platform that integrates with system hardware from ChargePoint and other manufacturers, connecting systems over an intelligent network that provides real-time information about charging sessions and full control, support, and management of the Networked Charging Systems. This network also provides multiple Web-based portals for charging system owners, fleet managers, drivers, and utilities.