Switchback Energy Acquisition Corporation (SBE)

[multivalue]

They had a loss of almost $200k and the CEO took a salary of $900k? (And the European CEO took $450k) Am I reading that right?

[Street Smart]

beware after merger is completed. Just look at other spacs

[BaseJumper35]

07/25/2026

[fr8]

I know the warrants are active 30 days after conversion but what was the outer limit for expiration of the warrants in the S!?

[Timetravelerdos]

The Business Combination was approved by Switchback stockholders on February 25, 2021. The New York Stock Exchange ticker symbols for the shares of common stock and the warrants of the combined company, renamed ChargePoint Holdings, Inc., are expected to be changed to “CHPT” (NYSE:CHPT) and “CHPT.WS” respectively, beginning on March 1, 2021

[BaseJumper35]

No problem! I added warrants today because this drop is overly exaggerated IMO. I expect a big pop upward on day of ticker change/business completion.

[multivalue]

Great, thanks for the info BJ!

[BaseJumper35]

Once business combination is fully complete/ticker changes... after 30 days you can execute warrants. You call you broker and ask them to execute, might be a fee to do so. You will need to have funds available to pay 11.50 per share, plus the fees to convert.

Otherwise, warrants are tradeable as normal as long as the company doesn't decide to change any rules on retiring date. My plan is to still hold on before executing right away, but we will see how market reacts to the business combination after we finally see audited financials filed.

[bobst2003]

SBE has been going down since I bought it a month ago, sure glad I only bought 100 shares

[multivalue]

Anyone care to explain how the SBE+ warrants work now? Thanks.

[jsc52033]

thanks great

[FollowMyNIL]

The whole “Huel Cell” sector, we’re seeing a down trend today.

[FollowMyNIL]

Thanks for that!! I did not get in on Mondays quick dip to $27.. lol Funny the whole market took a dip that moment.. very telling- the Dow will hit 40,000 by July!

[M1NO]

APPROVED BABY LETS GO $CHPT

[TheFinalCD]

https://ih.advfn.com/stock-market/NYSE/switchback-energy-acquis-SBE/stock-news/84433918/switchback-energy-acquisition-corporation-announce

[FollowMyNIL]

Call your broker.. you should’ve had a proxy set out to you.

[jsc52033]

i had them in October

[FollowMyNIL]

Had to be a shareholder on record before mid December. Folks are already saying it passed..?!?

[jsc52033]

I didn't receive a call to vote

[FollowMyNIL]

Vote! Vote! VOTE!

[chico2663]

I know. I was answering question.

[jsc52033]

warrants don't vote

[chico2663]

Warrants for sbe

[JEvans1]

Just voted! Hopefully all shareholders are aware of their duty

[jsc52033]

just received a email and voted but not sure it covered all accounts so am calling Final vote is Feb 24 meeting Feb 25

[jsc52033]

what is SBE+

[chico2663]

You need to call your broker and tell them how you want to vote.

[M1NO]

Should i be loading up on SBE or SBE+??

[jsc52033]

Meeting is now Feb 23 there was only 45% approval. Seems the majaority of shareholders did not receive voting instructions. There was a PR yesterday brokerages should be sending out new info. I was told this by Schwab just moments ago.

[jsc52033]

I didn't see anything about a meeting so I didn't get to vote what will that do

[Rielle]

It's happening! I received this message at my brokerage at midnight:
Symbol will be changed to CHPT effective February 16!

[chico2663]

No that is if you don’t agree with the merger than they will give you that for your share. Who would do that when you just could sell it for 40.

[Photog]

Can anyone explain the press release about the shareholders meeting yesterday? The stock price will change to $10??? Is that for CHPT? How does that work exactly?

[restripe]

Yep it’s big Pharma money maker That is why some small companies do not get fda approval The big guys do not want competition and have the FBI in their pocket

[restripe]

Loading some tomorrow

[SilverKnightLV]

My two issues with this projection are the 41.5 percent PIPE shares in the SPAC and the even larger amount of current owners' shares the has a 6 month lockup after merger.

[Liam859]

$42 buying all dips this will be huge maybe $200 by end of year

[Liam859]

$60 coming fast

[ddbl_our_buck]

$49.48 old 52wk high, just sayin’ $SBE

[ddbl_our_buck]

From news:
Item 8.01. Other Events.

As previously announced, on September 23, 2020, Switchback Energy Acquisition Corporation, a Delaware corporation (“Switchback”), Lightning Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Switchback (“Merger Sub”), and ChargePoint, Inc., a Delaware corporation (the “Company”), entered into a business combination agreement and plan of reorganization, pursuant to which, among other things, Merger Sub will be merged with and into the Company (the “Merger,” together with the other transactions related thereto, the “Proposed Transactions”), with the Company surviving the Merger as a wholly owned subsidiary of Switchback.

Attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference is a press release issued by Switchback announcing that it has filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement/prospectus/consent solicitation statement under Rule 424 after the SEC declared effective Switchback’s registration statement on Form S-4 (File No. 333-249549) (as amended, the “Registration Statement”) relating to the Proposed Transactions. Additionally, the press release announces that Switchback has commenced mailing of the definitive proxy statement/prospectus/consent solicitation statement relating to the Special Meeting of Switchback’s shareholders, which will be held at 10:00 a.m. Eastern time on February 11, 2021. The proxy statement/prospectus/consent solicitation statement is being mailed to Switchback’s shareholders of record as of the close of business on December 16, 2020.

Important Information for Shareholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.

In connection with the Proposed Transactions, Switchback has filed the Registration Statement with the SEC, which includes a proxy statement/prospectus of Switchback and consent solicitation statement of the Company. The Registration Statement is now effective and the definitive proxy statement/prospectus/consent solicitation statement are being mailed to the shareholders of Switchback and the Company along with other relevant documents. SHAREHOLDERS OF SWITCHBACK AND THE COMPANY ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS/CONSENT SOLICITATION STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE PROPOSED TRANSACTIONS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTIONS. Shareholders are able to obtain free copies of the proxy statement/prospectus/consent solicitation statement and other documents containing important information about Switchback and the Company, once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov.

$SBE

[jsc52033]

I'm confused are you saying SBE will drop its deal with Charge Point to take up a new one seeking a target/
I thought they were just starting up a 2nd group as some of the other successdful spac have

[ddbl_our_buck]

Time has come today! A date! Loving it $SBE maybe ($SWBK?) that’s a Thursday!

[jsc52033]

is this due to SEC review?
I have another of these and SEC is holding up the merger while it completes its review. Seems like they want to buy more sahres and need time delay to drop price so they get them cheap. They won't be filing any insider info against themselves

[Timetravelerdos]

Merger voting link for Feb 11th 10am EST SBE and Chargepoint
SWITCHBACK ENERGY ACQUISITION CORPORATION

5949 Sherry Lane, Suite 1010
Dallas, TX 75225

NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
OF SWITCHBACK ENERGY ACQUISITION CORPORATION

To Be Held On February 11, 2021



https://www.sec.gov/Archives/edgar/data/1777393/000121390021001184/f424b3_switchback.htm

[SilverKnightLV]

Depending on what you paid for the warrants. Just do the math.

[redskins020]

My question is if the warrants are called and you pay 11.50 to exercise your warrants, if the stock is 30,40,50 dollars wouldn't that be a good return ?

[SilverKnightLV]

Your math is correct, but the difference is you having the (500 x 11.50) $5,750 (~148 shares). So 148 + 199 = 347 shares.

What you are missing is having to tie up $5,750. But that DOES NOT MATTER, because...

The BIGGEST thing you are missing is that you can't rely on the SBE+ price. It's at a discount because it's not redeemable yet. You have to run the math once they are redeemable, which should equal SBE share price - $11.50. That math will be MUCH closer. Plus you have the time it takes for your broker to to the redemption and any redemption fees they may add.

Non-redemption discount: 38.90-11.50=27.40
SBE+: 15.48
Difference:
Discount due to non-redemption status and deal falling through/SPAC failure: 30% (which is on par with other SPAC warrants in the same timeline).


500 Warrants X $15.48 (SBE+ PPS) = $7740

$7740 / $38.90 (SBE PPS) = 199 shares of SBE

Calling the warrants:

$7740 / ($9.28 + 11.50) = 372 shares of SBE

No? Am I missing something?

[multivalue]

SilverK,

If I did that (for instance today), I would end up with almost half the number of SBE shares?

500 Warrants X $15.48 (SBE+ PPS) = $7740

$7740 / $38.90 (SBE PPS) = 199 shares of SBE

Calling the warrants:

$7740 / ($9.28 + 11.50) = 372 shares of SBE

No? Am I missing something?

[SilverKnightLV]

Or just sell warrants and immediately buy shares with proceeds. No additional cash or redemption costs.

Also, company can call warrants early based on SEC filings. Then you have 30 days to redeem or they become worthless.

[BaseJumper35]

30 Days after merge they are executable. You must call broker and tell them you want to exercise them (you must have enough cash available in your account, in your example 500x11.50=$5,750)

What was your purchase price of the warrants? Lets say it was $8...

8$ per share + your $11.50 per share = $19.50

If the Stock price is lower than that- it makes no sense to execute your warrants unless you forecast that it will continue lower and you want out all together.

If the Stock price is equal to that- converting would be like buying commons... I personally would just buy commons (or more warrants if they are at a discount and you believe the stock price will go up)

If stock price is higher- you are getting a return immediately on your conversion to commons, your cost basis will be 19.50 per share, and the stock price is over that...

This is a huge long term hold for me... I expect this stock to be a consistent runner as they build the infrastructure and get more fleet deals. I see it over $100 in the next few years IMO- as the economy rebuilds and the switch to EV becomes bigger... rentals will begin to offer EV and the rental company may have to purchase charging stations. Lots of fleet style companies are beginning the switch to EV

well established company and very reputable at that IMO!