SCHEDULE 13G/A: BlackRock Discloses 2.1% Passive Stake in ChargePoint Holdings Inc.
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 2.1% beneficial ownership stake in ChargePoint Holdings Inc. Class A Stock.
Summary
- BlackRock, Inc. beneficially owns 9,472,102 shares of ChargePoint Holdings Inc. Class A Stock.
- This ownership represents 2.1% of the total outstanding Class A shares.
- BlackRock holds sole voting power and sole dispositive power over all 9,472,102 shares.
- The filing is an Amendment No. 1 to a previous Schedule 13G.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of ChargePoint Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing no positive or negative performance indicators or strategic shifts for the issuer.
Positives
- BlackRock's continued holding of a stake in ChargePoint Holdings Inc. indicates ongoing institutional interest in the company.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding ChargePoint Holdings Inc.'s future performance or BlackRock's investment strategy beyond the passive nature of the holding.
Management Comments
- BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing reflects a standard passive investment by a major institutional asset manager, BlackRock, in a publicly traded company within the electric vehicle charging infrastructure sector, ChargePoint Holdings Inc. Such filings are routine disclosures of significant, non-controlling ownership stakes.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. executed a new Power of Attorney, effective January 21, 2025, which revokes a previous one dated April 30, 2023. This document authorizes specific individuals to execute SEC and other regulatory filings on behalf of BlackRock and its affiliates. | 01/21/2025 | This is an internal corporate governance update for BlackRock, streamlining its compliance and filing processes. It does not directly impact ChargePoint Holdings Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of the previously revoked Power of Attorney for BlackRock, Inc. |
| 01/21/2025 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 06/30/2025 | Date of event which requires filing of this statement. |
| 07/16/2025 | Date of signing of the Schedule 13G filing by BlackRock, Inc. |
Keywords
ChargePoint Holdings Inc., BlackRock Inc., Schedule 13G, Beneficial Ownership, Institutional Investment, Class A Stock, EV Charging
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