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Reverse Capitalization and Business Combinations (Tables)
12 Months Ended
Jan. 31, 2023
Reverse Recapitalization [Abstract]  
Schedule of Reverse Recapitalization
The number of shares of Common Stock issued immediately following the consummation of the Merger was as follows:
Shares
Common stock of Switchback, outstanding prior to Merger39,264,704 
Less redemption of Switchback shares(33,009)
Less surrender of Switchback Founder Shares(984,706)
Common stock of Switchback38,246,989 
Shares issued in PIPE22,500,000 
Merger and PIPE financing shares (1)60,746,989 
Legacy ChargePoint shares (2)217,021,368 
Total shares of common stock immediately after Merger277,768,357 
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(1) This includes 900,000 contingently forfeitable Founder Earn Back Shares pending the occurrence of the Founder Earn Back Triggering Event, which was met on March 12, 2021
(2) The number of Legacy ChargePoint shares was determined by converting the 217,761,738 shares of Legacy ChargePoint common stock outstanding immediately prior to the closing of the Merger using the Exchange Ratio of 0.9966. All fractional shares were rounded down.
Fair Value Measurement Inputs and Valuation Techniques
The Level 3 fair value inputs used in the recurring valuation of the redeemable convertible preferred stock warrant liability were as follows:
February 26, 2021
(Merger Date)
January 31, 2021January 31, 2020
Expected volatility84.3 %80.5 %58.4 %
Risk-free interest rate0.0 %0.1 %1.6 %
Dividend rate0.0 %0.0 %0.0 %
Expected term (years)01.42.0
Schedule of Goodwill
The following table summarizes the changes in carrying amounts of goodwill:
(in thousands)
Balance as of January 31, 2021$1,215 
Goodwill acquired with ViriCiti acquisition62,839 
Goodwill acquired with HTB acquisition158,997 
Foreign exchange fluctuations (4,567)
Balance as of January 31, 2022$218,484 
Foreign exchange fluctuations(4,768)
Balance as of January 31, 2023$213,716 
There was no impairment recognized for the years ended January 31, 2023, 2022, and 2021.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The following table presents the details of intangible assets:
January 31, 2023
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$90,738 $(12,223)$78,515 10
Developed technology18,355 (4,197)14,158 6
$109,093 $(16,420)$92,673 
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(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.
January 31, 2022
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$93,065 $(3,223)$89,842 10
Developed technology18,731 (1,364)17,367 6
$111,796 $(4,587)$107,209 
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(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.