Common Stock

3 Months Ended

Apr. 30, 2024

Equity [Abstract]

Common Stock

Common Stock

As of April 30, 2024 and January 31, 2024, the Company was authorized to issue 1,000,000,000 shares of Common Stock, with a par value of $0.0001 per share. There were 425,133,634 and 421,116,720 shares issued and outstanding as of April 30, 2024 and January 31, 2024, respectively.

At-the-Market Offering

On July 1, 2022, ChargePoint filed a registration statement on Form S-3 (File No. 333-265986) with the SEC (that was declared effective by the SEC on July 12, 2022), which permits the Company to offer up to $1.0 billion of Common Stock, preferred stock, debt securities, warrants and rights in one or more offerings and in any combination, including in units from time to time (the “Shelf Registration Statement”). As part of the Shelf Registration Statement, ChargePoint filed a prospectus supplement registering for sale from time to time up to $500.0 million of Common Stock pursuant to a sales agreement (the “ATM Facility”).

During the three months ended April 30, 2024, there was no sale of the Company’s Common Stock pursuant to the ATM Facility. During the three months ended April 30, 2023, the Company sold a total of 1,909,028 shares of its Common Stock pursuant to the ATM Facility for total proceeds of $17.5 million, net of $0.2 million of issuance costs.

As of April 30, 2024, $161.6 million of shares of Common Stock remained available for sale pursuant to the ATM Facility.

Common Stock Warrants

Legacy ChargePoint had outstanding warrants to purchase shares of Legacy ChargePoint common stock (collectively, “Legacy Warrants”), which now represent warrants to purchase Common Stock. As of April 30, 2024, there were 34,499,436 Legacy Warrants outstanding, which are classified as equity.

There was no Legacy Warrants activity during the three months ended April 30, 2024 and 2023.

Activity of Legacy Warrants is set forth below:

	Legacy Warrants
Outstanding as of January 31, 2024	34,499,436
Warrants exercised	—
Outstanding as of April 30, 2024	34,499,436