The Motley Fool explains why ChargePoint’s stock plummeted on Tuesday. ChargePoint (NYSE: CHPT) stock plummeted today, down 10% as of 3:30 p.m. EDT, following the company’s announcement of a secondary offering. The announcement comes just months after ChargePoint concluded its merger with a special purpose acquisition firm (SPAC). Existing shareholders, notably early venture capital (VC) funds, will be able to sell stock in a timely manner through the secondary offering./n
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2021-07-14T15:38:04-04:00July 14th, 2021|