On February 19, 2025, ChargePoint Holdings, Inc. (CHPT) received a warning from the New York Stock Exchange (NYSE) for failing to meet the minimum $1.00 average closing price over 30 consecutive trading days. While this does not immediately impact the company’s stock listing, ChargePoint has six months to regain compliance. If the stock does not recover, the company may consider measures like a reverse stock split, pending shareholder approval.
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Aiming to Grow Despite Delisting Threat
Despite this financial hurdle, ChargePoint continues to expand its presence in the EV charging industry. In December 2024, the company partnered with General Motors (GM) to install up to 500 DC fast-charging stations across the U.S. by the end of 2025. These stations, featuring ChargePoint’s high-speed Express Plus technology, will support both CCS and Tesla’s NACS charging ports, making…
