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ChargePoint - 2 Rex Jackson - 2 Andrew Kelly - 1 Pasquale Romano - 1 Rick Wilmer - 1 Mansi Khetani - 1 Cowen - 1 Oppenheimer - 1
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ChargePoint Holdings - 2 ChargePoint - 1 REUTERS - 1 Reuters Graphics - 1 JPMorgan - 1 EV - 1 EVgo - 1 Thomson - 1

Search resuls for: "Rex Jackson"


2 mentions found


☆ ChargePoint's stock slumps to record low after revenue warning, executive changes
  + stars: | 2023-11-17 | by ( Chibuike Oguh | Thomson Reuters | Chibuike Reports On Breaking News | ) www.reuters.com   time to read: +3 min
An electric vehicle charge station by ChargePoint, Inc. is seen in Manhattan, New York, U.S., December 8, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - ChargePoint Holdings' (CHPT.N) stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue forecast and replaced key executives. California-based ChargePoint also announced that longtime Chief Executive Pasquale Romano will be replaced by Rick Wilmer, its chief operating officer, effective immediately. The shares of other major EV charging network providers besides ChargePoint were also trading lower. But they downgraded the company to "perform" from "outperform" citing the executive departures, choppy demand, and "potential for further organizational changes."
Persons: Andrew Kelly, ChargePoint, Pasquale Romano, Rick Wilmer, Rex Jackson, Mansi Khetani, Cowen, Oppenheimer, Needham, ChargePoint F3Q, Bill Peterson, bode, Colin Rusch, Chibuike Oguh, Lance Tupper, David Evans Organizations: ChargePoint, REUTERS, ChargePoint Holdings, Reuters Graphics, JPMorgan, EV, EVgo, Thomson Locations: Manhattan , New York, U.S, North America, Europe, California, New York
☆ ChargePoint shares fall after EV charging operator announces $232 million raise
  + stars: | 2023-10-11 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com   time to read: +1 min
Shares of EV charging network operator ChargePoint Holdings were trading lower on Wednesday after the company said it's raising $232 million via stock sales. ChargePoint said in a statement that a group of institutional investors has agreed to purchase $175 million in newly issued stock. The company also disclosed that it has raised $57 million during the current fiscal quarter via its existing "at-the-market" stock offering facility, for a total of $232 million in new funds. CFO Rex Jackson said in a statement that the new funds, together with a recently secured credit line, will support the company into early 2025. "These raises and our recently announced $150M revolving credit facility are consistent with our announced capital strategy to bolster our balance sheet," Jackson said, adding that the company has no further plans to offer stock via its at-the-market facility.
Persons: ChargePoint, Rex Jackson, Jackson Organizations: ChargePoint Holdings
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