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Bird is set to launch its e-scooter service in New York City on August 17, 2021, as part of the NYC DOT's pilot program, deploying 1,000 new Bird Three vehicles in the Bronx. This marks Bird's expansion into its 300th city following a competitive selection process. The program aims to improve transportation equity and sustainability, bringing 3,000 shared electric vehicles to the Bronx. Additionally, Bird is partnering with the Fortune Society to hire 25 individuals for fleet management, emphasizing community engagement and eco-conscious transportation.
Bird Rides announced its participation in the 41st Annual Canaccord Genuity Growth Conference on August 12, 2021, at 12:30 p.m. Eastern Time. The CEO Travis VanderZanden will present, and the session will be available via live webcast on www.bird.co/investor. Bird is committed to providing affordable, environmentally-friendly transportation solutions, operating in over 250 cities globally. It is merging with Switchback II Corporation (NYSE: SWBK), focusing on sustainability and innovative energy solutions.
On June 23, 2021, Bird announced the launch of shared e-bikes and its Smart Bikeshare platform, expanding its eco-friendly transportation offerings. Currently operating e-scooters in over 250 cities globally, Bird aims to partner with cities lacking or wanting to enhance bike-sharing networks. The new Bird Bike is designed for safety and durability, featuring a powerful motor and IoT capabilities. This expansion is expected to increase Bird's serviceable addressable market by five billion trips annually, responding to rising demand for sustainable transport options.
Bird has launched Bird Three, the world's most eco-conscious electric scooter, designed for shared use and engineered in California. This marks a significant step as Bird prepares to go public via a merger with Switchback II Corporation (NYSE: SWBK). The Bird Three shows promising early results, indicating 400% reduction in vehicle damages and 185% increase in rides per vehicle. The scooter features a larger battery for more rides per charge, contributing to sustainability goals by potentially easing the transition to eco-friendly transportation.
Switchback Energy Acquisition Corporation (NYSE: SBE) announced that its stockholders approved the merger with ChargePoint, Inc., a major player in the electric vehicle charging network. The Business Combination is set to finalize on February 26, 2021, with the new entity named ChargePoint Holdings, Inc. Following the merger, the ticker symbols will change to "CHPT" and "CHPT WS" on the NYSE. Stockholders are encouraged to review the detailed proxy statement available on the SEC's website for further insights.
Switchback Energy Acquisition Corporation (NYSE: SBE) urges stockholders to vote regarding its proposed business combination with ChargePoint, Inc. on February 25, 2021. As of December 16, 2020, stockholders can still cast their votes, even if they no longer own shares. The company has reported a positive response to its voting campaign, with a significant number of proxies submitted. The combined entity post-acquisition will be renamed ChargePoint Holdings, Inc. and is projected to have over $600 million in cash for operations, growth, and debt repayment.
Switchback Energy Acquisition Corporation (NYSE: SBE) announced that approximately 99.9% of proxies support its business combination with ChargePoint, Inc.. A Special Meeting of Stockholders was adjourned to February 25, 2021, due to the lack of a necessary quorum, as about 45% of outstanding shares voted. Stockholders who held shares as of December 16, 2020 are urged to vote their shares to prevent delays. Following the merger, the combined company is expected to be renamed ChargePoint Holdings, Inc. and will have over $600 million in cash.
Switchback Energy Acquisition Corporation (NYSE: SBE) is reminding stockholders to vote for the proposed merger with ChargePoint, Inc. The virtual Special Meeting will occur on February 11, 2021, at 10:00 a.m. ET. As of now, 99.86% of proxies support the transaction, but a quorum of 45% has been reached. Additional votes are needed for approval. Following the merger, the new entity will be named ChargePoint Holdings, Inc., with more than $600 million in cash to fund operations and growth.
Switchback Energy Acquisition Corporation (NYSE: SBE) is urging stockholders to vote for the proposed business combination with ChargePoint, Inc. at a special meeting scheduled for February 11, 2021. Stakeholders must ensure their votes are cast by 11:59 PM ET on February 10, 2021. The company emphasizes that all votes are crucial, and even former shareholders as of December 16, 2020, can participate. Detailed information about the business combination is available through the SEC filings. Attendees must secure a legal proxy to participate in the virtual meeting.
Switchback Energy Acquisition Corporation (NYSE: SBE) has announced that the SEC has declared effective its registration statement for the business combination with ChargePoint, Inc.. Upon closure, the company will be renamed ChargePoint Holdings, Inc. and trade under the new symbol CHPT.
The definitive proxy statement related to the Special Meeting of stockholders is being mailed, with the meeting scheduled for February 11, 2021. The business combination is expected to close in February 2021, pending stockholder approval.
