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ChargePoint Announces Reverse Stock Split

1. CHPT executed a 1-for-20 reverse stock split to boost share price. 2. The split aims to meet NYSE minimum trading price requirements.

Stock Split
+1355.93%Current Return
VS
-0.28%S&P 500
$0.610607/28 08:24 AM EDTEvent Start
$8.889907/29 03:00 PM EDTLatest Updated
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FAQ

Why Bearish?

Historically, reverse stock splits can signal financial distress in companies. This action may indicate CHPT's struggle to maintain its position on the NYSE, negatively impacting investor sentiment.

How important is it?

The reverse stock split is a critical event that suggests potential financial issues, making it highly relevant for investors monitoring CHPT's performance.

Why Short Term?

The immediate effect of the reverse split will be seen in the following trading days, influencing short-term investment decisions. Long-term impacts will depend on CHPT's operational performance post-split.

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CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT the “Company”), a leading provider of EV charging solutions, announced that today the Company implemented a reverse stock split of its common stock at a ratio of 1-for-20, which will be reflected at market open. The reverse stock split is intended to increase the market price per share of the Company's common stock and help the Company comply with the minimum trading price criteria for continued listing on the New York Stock Exchange (t.

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