ChargePoint implements 1-for-20 reverse stock split on NYSE-listed shares

ChargePoint Holdings, Inc. (NYSE:CHPT) implemented a one-for-twenty reverse stock split of its common stock on Monday. The reverse split, approved by the company’s Nominating and Corporate Governance Committee, became effective at 12:01 a.m. Eastern Time.

The reverse stock split reduced the number of shares of ChargePoint’s common stock outstanding, with every twenty shares consolidated into one. Proportional adjustments were also made to equity-based awards, stock options, restricted stock units, outstanding warrants, and the conversion rate of convertible notes, as outlined in the company’s equity incentive plans and related agreements.

The number of authorized shares of common stock remains at 1,000,000,000. No fractional shares will be issued as a result of the reverse split; instead, shareholders entitled to fractional shares will receive a cash payment in lieu of those shares. The company’s common stock continues to trade on the New York Stock Exchange under the existing ticker symbol “CHPT,” but with a new CUSIP number, 15961R 303, following the split-adjusted basis starting Monday.

The reverse stock split was previously approved by shareholders at ChargePoint’s annual meeting on July 8, 2025, granting the Nominating and Corporate Governance Committee discretion to select a reverse split ratio between one-for-two and one-for-thirty. The committee subsequently approved the one-for-twenty ratio and authorized the filing of an amendment to the company’s certificate of incorporation. The amendment was filed with the Secretary of State of Delaware on July 25, 2025.

This information is based on a statement issued in a Securities and Exchange Commission filing. Despite current challenges, InvestingPro analysis suggests the stock may be undervalued at current levels. Discover detailed insights and 12 additional ProTips about ChargePoint’s financial health, along with comprehensive valuation metrics in the Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, ChargePoint Holdings, Inc. implemented a 1-for-20 reverse stock split to maintain compliance with the New York Stock Exchange’s minimum trading price requirements. This move, effective at 12:01 a.m. Eastern Time, consolidated every twenty shares of the company’s common stock into one share. The reverse stock split was approved by the company’s Nominating and Corporate Governance Committee and followed shareholder authorization during the annual meeting. In financial developments, UBS maintained a Neutral rating on ChargePoint, with a price target of $0.65, after the company’s first-quarter results for fiscal year 2026 showed a wider-than-expected adjusted EBITDA loss and lower revenue forecasts. UBS adjusted its sales projections for the upcoming fiscal years, citing concerns over cash burn and cost reduction challenges. Meanwhile, Oppenheimer reiterated a Perform rating on ChargePoint, noting that the company’s revenue guidance was 12% below Street estimates. The analysts also highlighted ChargePoint’s strategic partnership with Eaton (NYSE:ETN), which could introduce new solutions for grid stability and offer rate arbitrage opportunities, potentially driving incremental sales growth.

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