Press release
Investors who lost money with shares of ChargePoint Holdings, Inc. (NYSE: CHPT) should contact the Shareholders Foundation
An investigation for investors in ChargePoint Holdings, Inc. (NYSE: CHPT) shares over potential securities laws violations.
Investors who purchased shares of ChargePoint Holdings, Inc. (NYSE: CHPT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by ChargePoint Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Campbell, CA based ChargePoint Holdings, Inc., together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. ChargePoint Holdings, Inc. reported that its Total Revenue rose from $242.34 million for the 12 months period that ended on January 31, 2022, to $468.09 million for the 12 months period that ended on January 31, 2023, and that its Net Loss over those respective time period increased from $132.57 million to $344.45 million.
On November 16, 2023, ChargePoint Holdings, Inc. announced certain preliminary third quarter financial results for fiscal year 2024. ChargePoint Holdings, Inc said it expects revenue to drop to between $108 million and $113 million, far below a previous forecast of between $150 million and $165 million. Additionallys ChargePoint Holdings, Inc announced that Pasquale Romano, who had been chief executive officer since 2011, and Chief Financial Officer Rex Jackson were replaced effective Thursday, November 16, 2023.
Shares of ChargePoint Holdings, Inc. (NYSE: CHPT) declined from $3.54 per share on November 15, 2023, to $1.93 per share on November 22, 2023.
Those who purchased shares of ChargePoint Holdings, Inc. (NYSE: CHPT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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