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ChargePoint | SC 13G: Statement of acquisition of beneficial ownership by individuals-BlackRock, Inc.(7.2%)

SEC ·  Nov 9 03:22

Summary by Futu AI

BlackRock, Inc., a major investment management corporation based in Delaware, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on November 8, 2024, indicating a significant ownership stake in ChargePoint Holdings Inc. The filing reveals that BlackRock now beneficially owns 30,984,049 shares of ChargePoint's Class A Common Stock, which represents 7.2% of the class. This level of ownership indicates that BlackRock has substantial influence in the company, although the filing states that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of ChargePoint. The filing also includes a list of subsidiaries under BlackRock that own 5% or greater of the outstanding shares of the security class being reported.
BlackRock, Inc., a major investment management corporation based in Delaware, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on November 8, 2024, indicating a significant ownership stake in ChargePoint Holdings Inc. The filing reveals that BlackRock now beneficially owns 30,984,049 shares of ChargePoint's Class A Common Stock, which represents 7.2% of the class. This level of ownership indicates that BlackRock has substantial influence in the company, although the filing states that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of ChargePoint. The filing also includes a list of subsidiaries under BlackRock that own 5% or greater of the outstanding shares of the security class being reported.

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