24 month timeframe. Switchback II Corp: The second SPAC from the team behind Switchback Energy Acquisition Corporation (NYSE: SBE) plans to raise $250 million with units that will include one fifth of a warrant. Switchback Energy Acquisition Corporation Announces Effectiveness of Registration Statement for Proposed Business Combination with ChargePoint, Inc. finance.yahoo.com - January 11 at 7:59 AM: Energy technology SPAC Switchback II Corp. prices upsized $275 million IPO at $10 nasdaq.com - January 8 at 1:41 PM Units have 1/5 of a warrant; Wont give partial so buy in 5s; IPO at $10/ unit. Landcadia Holdings II. SPACs are back. Special purpose acquisition vehicles (SPACs) … This Is the SPAC I Am Most Excited About in 2021 - Flipboard Oaktree's previous SPAC, Oaktree Acquisition , raised $175M in July 2019, and last closed up 12% from its $10 offer price. SBE -> Chargepoint ($42.42) IPO’d July 2019; Deal done in September 2020; ~14 months. It's reportedly in talks to acquire men's health startup Hims. Switchback II Corp: The second SPAC from the team behind Switchback Energy Acquisition Corporation SBE plans to raise $250 million with units that will include one-fifth of a warrant. DALLAS, Jan. 7, 2021 /PRNewswire/ — Switchback II Corporation (the “Company”) announced today the pricing of its upsized initial public offering (“IPO”) of 27,500,000 units at a price of $10.00 per unit. Bookkeeper: Goldman Sachs. The Motley Fool - Switchback II Corporation's experienced management team is looking for deals in the clean energy space. The warrants for this SPAC stock trade for $8.72 since the underlying stock, DiamondPeak Holdings are at $21.10. Investment Products. 2. From 2014 through June 15, 2020, over 215 SPAC IPOs have closed, raising approximately $48 billion in gross proceeds. Switchback II Corp: The second SPAC from the team behind Switchback Energy Acquisition Corporation (NYSE: SBE) plans to raise $250 million with units that will include one fifth of a warrant. The merger of Switchback Energy SPAC with ChargePoint will be an electrifying winner. Editor’s Note: “10 SPAC IPO Stocks to Buy as They Grow in Popularity” was previously published in March 2020. Switchback II Corporation's experienced management team is looking for deals in the clean energy space. Switchback II is a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Switchback II Corp. - Renaissance Capital. Learn More. Switchback II Corporation (the "Company") announced today that it has commenced its initial public offering ("IPO") of 25,000,000 units at a price of $10.00 per unit. Switchback II has a management team with a pedigree -- it recently completed a deal that resulted in one of the best-performing SPACs of 2020. Tortoise Acquisition Corp. II (NYSE: SNPR.U) is a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. The company will focus on energy technology with a target company that can help reduce emissions. SPAC (special purpose acquisition company), also known as a blank-check company is a vehicle to bring a private company to the public markets as an alternative to an IPO. Latest SPAC announcements and details of the merger. ChargePoint to go public via SPAC merger with Switchback Energy By Tanya Pushkin on September 16, 2020 ChargePoint Inc, one of the world’s oldest and largest electric vehicle charging networks, is nearing a deal to go public through a reverse merger with Switchback Energy Acquisition Corp, according to a … Thinking of investing in new companies before they become household names? Special Purpose Acquisition Companies (“SPACs”) are companies formed to raise capital in an initial public offering (“IPO”) with the purpose of using the proceeds to acquire an operating business or assets to be identified after the IPO. Switchback II (SWBKU, SWBK, SWBKWS) $250m. Star Peak Corp II STPC.U 350 S+W/3 General, US 2nd SPAC by Star Peak team 18-Dec Bright Lights Acquisition Corp. BLTSU 200 S+W/2 Consumer, US 1st time SPAC team 18-Dec Ivanhoe Capital Acquisition Corp. IVAN.U 200 S+W/3 Energy, US 1st time SPAC team 18-Dec Switchback II Corporation SWBK.U 250 S+W/5 Energy, US 2nd SPAC by Switchback team 18-Dec Press Release Investor Call Investor Presentation Call Transcript Analyst Day – November 17, 2020. Reuters defines a SPAC as “a shell company that raises money through an IPO to buy a private operating company.” The company is focused on the energy technology arena targeting industries that require sustainable and innovative solutions to decarbonize in order to meet critical emission… 0% ... Singapore-based blank check company formed by the founder of Ivanhoe Capital targeting the energy transition space. ET on InvestorPlace.com Switchback Energy Stock May Be Getting Too Frothy Here A SPAC is a shell company that raises money from investors in an initial public offering and seeks to acquire a private acquisition target over a fixed time period. Management recently filed to raise $250 million and launch another SPAC called Switchback II. The acquiring entity is Switchback Energy, a special-purpose acquisition company (SPAC) that raised $300 million in an IPO last year. DALLAS, Jan. 5, 2021 /PRNewswire/ — Switchback II Corporation (the “Company”) announced today that it has commenced its initial public offering (“IPO”) of 25,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “SWBK.U” beginning on January […] Switchback II registered to offer an additional 2.5 million units to upsize its IPO to $275 mliion, an increase of 10 percent from the initial plan to raise $250 million. The Company intends to grant the underwriters a 45-day option to purchase up to an additional 3,750,000 units. In very surprising news, Switchback Energy (SBE.U), the $300 million energy SPAC, underwritten by Goldman Sachs, Citigroup and Credit Suisse, opened today at $9.95. Switchback II Corporation; Main Content. 1:1 Warrant exercise at $11.50 Switchback Energy breaks $10.00 on first day of trading. It has since been updated to include the most relevant information available. Switchback Energy Acquisition Corp, a SPAC backed by NGP Energy Capital Management, agreed to merge with ChargePoint, an electric vehicle charging network. The company will focus on energy technology with a target company that can help reduce emissions. Our sponsor, NGP Switchback II, LLC, has committed to purchase an aggregate of 4,666,666 warrants (or 5,166,666 warrants if the option to purchase additional units is exercised in full) at a price of $1.50 per warrant ($7,000,000 in the aggregate, or $7,750,000 if the option to purchase additional units is exercised in full), each exercisable to purchase one whole Class A ordinary share at … Switchback II Corp. (SWBK.U) $275M. Switchback’s stock price and volume jumped higher on the news. $344M. Morgan: Oaktree Acquisition Corp. $201M Deutsche Bank Securities/Credit Suisse: Conyers Park Acquisition Corp. II $450M Deutsche Bank Securities/Goldman Sachs & Co. LLC: Pure Acquisition Corp. $414M Switchback II Corp: The second SPAC from the team behind Switchback Energy Acquisition Corporation (NYSE:SBE) plans to raise $250 million with units that will include one fifth of a warrant. To put this is in better context, it’s very rare to have a SPAC break their $10.00 unit price. ChargePoint to Become A Public Company, Advancing EV Charging Network’s Reach Across North America and Europe. As with all SPAC warrants, the exercise price is $11.50. Switchback Energy Is a Risky, Volatile SPAC That Could Easily Crumble Jan. 11, 2021 at 11:23 a.m. In fact, the day’s high so far has only been $9.96. DALLAS, Jan. 7, 2021 /PRNewswire/ -- Switchback II Corporation (the "Company") announced today the pricing of its upsized initial public offering ("IPO") of 27,500,000 units at a price of $10.00 per unit. Switchback Energy Acquisition Corp. $314M Goldman Sachs &Co. LLC/Citigroup/Credit Suisse: Regalwood Global Energy Ltd. $300M Citigroup/J.P. And volume jumped higher on the news the exercise price is $ 11.50 better context, it ’ Note... Jumped higher on the news SWBKWS ) $ 250m partial so Buy in 5s ; IPO $... Grow in Popularity ” was previously published in March 2020 as they in! The exercise price is $ 11.50 from 2014 through June 15, 2020, over 215 SPAC IPOs have,... 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