XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Reverse Recapitalization (Tables)
3 Months Ended
Apr. 30, 2021
Business Combinations [Abstract]  
Summary of number of shares of common stock issued immediately following the consummation of the Business Combination
The number of shares of Common Stock issued immediately following the consummation of the Merger was:
 
 
  
Shares
 
Common stock of Switchback, outstanding prior to Merger
  
 
39,264,704
 
Less redemption of Switchback shares
  
 
(33,009
Less surrender of Switchback Founder Shares
  
 
(984,706
 
  
 
 
 
Common stock of Switchback
  
 
38,246,989
 
Shares issued in PIPE
  
 
22,500,000
 
 
  
 
 
 
Merger and PIPE financing shares (1)
  
 
60,746,989
 
Legacy ChargePoint shares (2)
  
 
217,021,368
 
 
  
 
 
 
Total shares of common stock immediately after Merger
  
 
277,768,357
 
 
  
 
 
 
(1)
This includes 900,000 contingently forfeitable Founder Earn Back Shares pending the occurrence of the Founder Earn Back Triggering Event.
(2)
The number of Legacy ChargePoint shares was determined from the 217,761,738 shares of Legacy ChargePoint common stock outstanding immediately prior to the closing of the Merger converted at the exchange ratio of 0.9966. All fractional shares were rounded.