ChargePoint (CHPT) Registration Filing summary

Company overview and business model

• Provides EV charging technology solutions across North America and Europe, supporting over 342,000 active charging ports and more than 750,000 monthly active EV drivers as of January 31, 2025.

• Offers hardware, cloud-based SaaS charger management, and services for commercial, fleet, and residential customers, including Level 2 AC and Level 3 DC fast charging stations.

• Trusted by over 60% of Fortune 500 and 80% of Fortune 50 companies, with a modular platform enabling custom network solutions for CPOs, e-Mobility Service Providers, and EV drivers.

• Beneficiary of strong EV adoption trends, with projected passenger EV sales in the US and Europe expected to exceed 80% of new vehicles by 2040, and cumulative EV charging infrastructure investment of $485.6 billion from 2020 to 2040.

Financial performance and metrics

• Net loss per share (post-reverse split) for the year ended January 31, 2025 was $(12.78), compared to $(24.37) for the prior year.

• Weighted average common stock outstanding (post-reverse split) was 21.7 million for the year ended January 31, 2025.

• As of July 31, 2025, 23,357,878 shares of common stock were outstanding.

• Net tangible book value as of July 31, 2025 was $(9.27) per share; after a $150 million offering at $10.78 per share, pro forma net tangible book value would be $(1.93) per share, resulting in immediate dilution of $12.71 per share to new investors.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital.

• May allocate funds for acquisitions, technologies, or asset purchases, or to repay, refinance, or redeem outstanding debt, though no material acquisition agreements are currently in place.

• Management retains broad discretion over allocation of proceeds.