ChargePoint announces 1-for-20 reverse stock split

ChargePoint (CHPT) announced that the company implemented a reverse stock split of its common stock at a ratio of 1-for-20, which will be reflected at market open. The reverse stock split is intended to increase the market price per share of the company’s common stock and help the company comply with the minimum trading price criteria for continued listing on the NYSE. On July 8, ChargePoint shareholders approved a reverse stock split ratio within a range of 1-for-2 to 1-for-30 at the company’s 2025 annual meeting of stockholders and authorized the company’s nominating and corporate governance committee to determine and execute the final ratio. The company’s nominating and corporate governance committee subsequently approved the final reverse split ratio of 1-for-20.