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: technology, autos, stock markets, business news, breaking news: business, business, climate, technology, chargepoint holdings inc, transportation,
Source: https://www.cnbc.com/2023/10/11/chargepoint-raising-232-million.html