0% ... Singapore-based blank check company formed by the founder of Ivanhoe Capital targeting the energy transition space. In fact, the day’s high so far has only been $9.96. Management recently filed to raise $250 million and launch another SPAC called Switchback II. SBE -> Chargepoint ($42.42) IPO’d July 2019; Deal done in September 2020; ~14 months. Switchback II (SWBKU, SWBK, SWBKWS) $250m. To put this is in better context, it’s very rare to have a SPAC break their $10.00 unit price. 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 The Company intends to grant the underwriters a 45-day option to purchase up to an additional 3,750,000 units. SPACs are back. ChargePoint to Become A Public Company, Advancing EV Charging Network’s Reach Across North America and Europe. The merger of Switchback Energy SPAC with ChargePoint will be an electrifying winner. 2. 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. 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 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. Press Release Investor Call Investor Presentation Call Transcript Analyst Day – November 17, 2020. Landcadia Holdings II. 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. 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 Energy Is a Risky, Volatile SPAC That Could Easily Crumble Jan. 11, 2021 at 11:23 a.m. Learn More. 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 warrants for this SPAC stock trade for $8.72 since the underlying stock, DiamondPeak Holdings are at $21.10. 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 … 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. 24 month timeframe. ET on InvestorPlace.com Switchback Energy Stock May Be Getting Too Frothy Here Switchback’s stock price and volume jumped higher on the news. Oaktree's previous SPAC, Oaktree Acquisition , raised $175M in July 2019, and last closed up 12% from its $10 offer price. 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