ChargePoint raises $232M via ATM equity and amends $300M convertible notes

ChargePoint Holdings, Inc.

$175M new equity commitment from institutional investors via ATM, plus $57M raised in Q3 FY2024 for total $232M.
Convertible notes amended: maturity extended to 2028, cash coupon 7%, PIK 8.5%, conversion price lowered to $12.00 per share.
CFO Rex Jackson says funding supports goal of adjusted EBITDA profitability in Q4 FY2024.
Lead investor in notes participated in ATM and agreed to note modifications; Evercore served as financial advisor.

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