ChargePoint (CHPT) Plans 1-for-20 Reverse Split to Regain NYSE Compliance

ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the best green energy penny stocks to buy right now. CHPT announced on July 9 that it will initiate a 1-for-20 reverse stock split, effective at 12:01 a.m. ET on July 28, 2025. Approved by shareholders and its governance committee, the move aims to raise the share price above $1.00 to meet NYSE’s compliance standards after a prior notice of deficiency in February 2025.

Following the split, outstanding shares will shrink from ~467 million to ~23.4 million, with proportional adjustments to equity awards, warrants, and convertible notes. No fractional shares will be issued, and holders will receive cash in lieu. CHPT’s ticker remains unchanged, though its CUSIP will be updated. Broker-held shares will adjust automatically, while registered shareholders will receive details via the transfer agent.

ChargePoint Holdings, Inc. (NYSE:CHPT) operates one of the world’s largest electric vehicle (EV) charging networks. It provides charging solutions for individuals, businesses, and fleets.

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Disclosure: None. This article is originally published at Insider Monkey.