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ChargePoint shares fall after EV charging operator announces $232 million raise - TL;DR CNBC

ChargePoint shares fall after EV charging operator announces $232 million raise

Publishing timestamp: 2023-10-11 13:03:24


Summary

ChargePoint Holdings is raising $232 million through stock sales, causing the company's shares to trade lower. The funds, along with a recently secured credit line, will support the company until early 2025. ChargePoint also disclosed changes to a prior convertible notes deal, extending the repayment deadline but increasing interest payments. The company's shares have declined by 53% since the beginning of 2023.


Sentiment: NEGATIVE

Tickers: CHPT

Keywords: breaking news: technologyautosstock marketsbusiness newsbreaking news: businessbusinessclimatetechnologychargepoint holdings inctransportation

Source: https://www.cnbc.com/2023/10/11/chargepoint-raising-232-million.html


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